Cumulus Media Class Stock Market Value
| CMLS Stock | USD 2.79 0.04 1.45% |
| Symbol | Cumulus |
Cumulus Media Class Price To Book Ratio
Is Cumulus Media's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cumulus Media. If investors know Cumulus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cumulus Media listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Earnings Share (6.83) | Revenue Per Share 48.905 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0097 |
The market value of Cumulus Media Class is measured differently than its book value, which is the value of Cumulus that is recorded on the company's balance sheet. Investors also form their own opinion of Cumulus Media's value that differs from its market value or its book value, called intrinsic value, which is Cumulus Media's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cumulus Media's market value can be influenced by many factors that don't directly affect Cumulus Media's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cumulus Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cumulus Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cumulus Media's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cumulus Media 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cumulus Media's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cumulus Media.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Cumulus Media on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Cumulus Media Class or generate 0.0% return on investment in Cumulus Media over 90 days. Cumulus Media is related to or competes with Kidoz, Marchex, Direct Digital, Cimpress, Omnicom, and WPP PLC. Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States More
Cumulus Media Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cumulus Media's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cumulus Media Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 25.44 | |||
| Value At Risk | (7.67) | |||
| Potential Upside | 9.61 |
Cumulus Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cumulus Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cumulus Media's standard deviation. In reality, there are many statistical measures that can use Cumulus Media historical prices to predict the future Cumulus Media's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cumulus Media's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cumulus Media Class Backtested Returns
Cumulus Media Class secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Cumulus Media Class exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cumulus Media's Risk Adjusted Performance of (0.09), standard deviation of 4.83, and Mean Deviation of 3.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.0, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cumulus Media will likely underperform. Cumulus Media Class has an expected return of -0.77%. Please make sure to confirm Cumulus Media Class value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Cumulus Media Class performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Cumulus Media Class has good predictability. Overlapping area represents the amount of predictability between Cumulus Media time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cumulus Media Class price movement. The serial correlation of 0.69 indicates that around 69.0% of current Cumulus Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Cumulus Media Class lagged returns against current returns
Autocorrelation, which is Cumulus Media stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cumulus Media's stock expected returns. We can calculate the autocorrelation of Cumulus Media returns to help us make a trade decision. For example, suppose you find that Cumulus Media has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cumulus Media regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cumulus Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cumulus Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cumulus Media stock over time.
Current vs Lagged Prices |
| Timeline |
Cumulus Media Lagged Returns
When evaluating Cumulus Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cumulus Media stock have on its future price. Cumulus Media autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cumulus Media autocorrelation shows the relationship between Cumulus Media stock current value and its past values and can show if there is a momentum factor associated with investing in Cumulus Media Class.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cumulus Media in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cumulus Media's short interest history, or implied volatility extrapolated from Cumulus Media options trading.
Pair Trading with Cumulus Media
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cumulus Media position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cumulus Media will appreciate offsetting losses from the drop in the long position's value.Moving together with Cumulus Stock
| 0.73 | DLPN | Dolphin Entertainment | PairCorr |
| 0.73 | FLNT | Fluent Inc Financial Report 20th of May 2024 | PairCorr |
Moving against Cumulus Stock
| 0.88 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.86 | CTV | Innovid Corp Financial Report 14th of May 2024 | PairCorr |
| 0.86 | KUKE | Kuke Music Holding Report 21st of May 2024 | PairCorr |
| 0.85 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.56 | TSQ | Townsquare Media Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cumulus Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cumulus Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cumulus Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cumulus Media Class to buy it.
The correlation of Cumulus Media is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cumulus Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cumulus Media Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cumulus Media can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cumulus Media Correlation, Cumulus Media Volatility and Cumulus Media Alpha and Beta module to complement your research on Cumulus Media. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Cumulus Stock analysis
When running Cumulus Media's price analysis, check to measure Cumulus Media's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cumulus Media is operating at the current time. Most of Cumulus Media's value examination focuses on studying past and present price action to predict the probability of Cumulus Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cumulus Media's price. Additionally, you may evaluate how the addition of Cumulus Media to your portfolios can decrease your overall portfolio volatility.
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Cumulus Media technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.