Cannae Holdings Stock Market Value
CNNE Stock | USD 19.61 0.06 0.31% |
Symbol | Cannae |
Cannae Holdings Price To Book Ratio
Is Cannae Holdings' 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 Cannae Holdings. If investors know Cannae 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 Cannae Holdings 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 (0.67) | Earnings Share (4.27) | Revenue Per Share 7.766 | Quarterly Revenue Growth (0.23) | Return On Assets (0.03) |
The market value of Cannae Holdings is measured differently than its book value, which is the value of Cannae that is recorded on the company's balance sheet. Investors also form their own opinion of Cannae Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cannae Holdings' 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 Cannae Holdings' market value can be influenced by many factors that don't directly affect Cannae Holdings' 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 Cannae Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cannae Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cannae Holdings' 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.
Cannae Holdings '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 Cannae Holdings' 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 Cannae Holdings.
03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Cannae Holdings on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Cannae Holdings or generate 0.0% return on investment in Cannae Holdings over 30 days. Cannae Holdings is related to or competes with Burgerfi International, and Landsea Homes. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more More
Cannae Holdings 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 Cannae Holdings' 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 Cannae Holdings upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.04) | |||
Maximum Drawdown | 18.76 | |||
Value At Risk | (1.73) | |||
Potential Upside | 2.55 |
Cannae Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannae Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannae Holdings' standard deviation. In reality, there are many statistical measures that can use Cannae Holdings historical prices to predict the future Cannae Holdings' volatility.Risk Adjusted Performance | 0.0027 | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cannae Holdings' 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.
Cannae Holdings Backtested Returns
Cannae Holdings secures Sharpe Ratio (or Efficiency) of -0.0197, which signifies that the company had a -0.0197% return per unit of risk over the last 3 months. Cannae Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cannae Holdings' Risk Adjusted Performance of 0.0027, mean deviation of 1.31, and Standard Deviation of 2.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.7, 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, Cannae Holdings will likely underperform. Cannae Holdings has an expected return of -0.0422%. Please make sure to confirm Cannae Holdings maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Cannae Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Cannae Holdings has good predictability. Overlapping area represents the amount of predictability between Cannae Holdings time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 Cannae Holdings price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Cannae Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.61 | |
Spearman Rank Test | 0.65 | |
Residual Average | 0.0 | |
Price Variance | 0.33 |
Cannae Holdings lagged returns against current returns
Autocorrelation, which is Cannae Holdings 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 Cannae Holdings' stock expected returns. We can calculate the autocorrelation of Cannae Holdings returns to help us make a trade decision. For example, suppose you find that Cannae Holdings 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 |
Cannae Holdings 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 Cannae Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannae Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannae Holdings stock over time.
Current vs Lagged Prices |
Timeline |
Cannae Holdings Lagged Returns
When evaluating Cannae Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannae Holdings stock have on its future price. Cannae Holdings 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, Cannae Holdings autocorrelation shows the relationship between Cannae Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Cannae Holdings.
Regressed Prices |
Timeline |
Pair Trading with Cannae Holdings
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 Cannae Holdings 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 Cannae Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Cannae Stock
0.82 | V | Visa Class A Earnings Call This Week | PairCorr |
0.65 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cannae Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannae Holdings 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 Cannae Holdings - 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 Cannae Holdings to buy it.
The correlation of Cannae Holdings 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 Cannae Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannae Holdings 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 Cannae Holdings 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 Cannae Holdings Correlation, Cannae Holdings Volatility and Cannae Holdings Alpha and Beta module to complement your research on Cannae Holdings. For information on how to trade Cannae Stock refer to our How to Trade Cannae Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Cannae Stock analysis
When running Cannae Holdings' price analysis, check to measure Cannae Holdings' 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 Cannae Holdings is operating at the current time. Most of Cannae Holdings' value examination focuses on studying past and present price action to predict the probability of Cannae Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannae Holdings' price. Additionally, you may evaluate how the addition of Cannae Holdings to your portfolios can decrease your overall portfolio volatility.
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Cannae Holdings 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.