Corning Incorporated Stock Market Value
| GLW Stock | USD 31.52 0.01 0.03% |
| Symbol | Corning |
Corning Incorporated Price To Book Ratio
Is Corning Incorporated'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 Corning Incorporated. If investors know Corning 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 Corning Incorporated 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 (0.21) | Dividend Share 1.12 | Earnings Share 0.68 | Revenue Per Share 14.844 | Quarterly Revenue Growth (0.12) |
The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated'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 Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated'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 Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated'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.
Corning Incorporated '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 Corning Incorporated'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 Corning Incorporated.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Corning Incorporated on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Corning Incorporated or generate 0.0% return on investment in Corning Incorporated over 30 days. Corning Incorporated is related to or competes with OSI Systems, Fabrinet, Jabil Circuit, Vicor, TE Connectivity, Littelfuse, and Sanmina. Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty mate... More
Corning Incorporated 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 Corning Incorporated'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 Corning Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.52 |
Corning Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corning Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corning Incorporated's standard deviation. In reality, there are many statistical measures that can use Corning Incorporated historical prices to predict the future Corning Incorporated's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0568 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Corning Incorporated'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.
Corning Incorporated Backtested Returns
We consider Corning Incorporated very steady. Corning Incorporated secures Sharpe Ratio (or Efficiency) of 0.0424, which signifies that the company had a 0.0424% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Corning Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Corning Incorporated's Risk Adjusted Performance of 0.0396, mean deviation of 0.9231, and Downside Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.059%. Corning Incorporated has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.15, 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, Corning Incorporated will likely underperform. Corning Incorporated right now shows a risk of 1.39%. Please confirm Corning Incorporated potential upside, as well as the relationship between the accumulation distribution and relative strength index , to decide if Corning Incorporated will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Corning Incorporated has very weak predictability. Overlapping area represents the amount of predictability between Corning Incorporated time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Corning Incorporated price movement. The serial correlation of 0.18 indicates that over 18.0% of current Corning Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Corning Incorporated lagged returns against current returns
Autocorrelation, which is Corning Incorporated 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 Corning Incorporated's stock expected returns. We can calculate the autocorrelation of Corning Incorporated returns to help us make a trade decision. For example, suppose you find that Corning Incorporated 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 |
Corning Incorporated 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 Corning Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corning Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corning Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
Corning Incorporated Lagged Returns
When evaluating Corning Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corning Incorporated stock have on its future price. Corning Incorporated 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, Corning Incorporated autocorrelation shows the relationship between Corning Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Corning Incorporated.
Regressed Prices |
| Timeline |
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Complementary Tools for Corning Stock analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated'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 Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
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Corning Incorporated 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.