Costco Stock Market Value

COST
 Stock
  

USD 530.92  8.33  1.54%   

Costco Wholesale's market value is the price at which a share of Costco Wholesale stock trades on a public exchange. It measures the collective expectations of Costco Wholesale Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Costco Wholesale Corp and determine expected loss or profit from investing in Costco Wholesale over a given investment horizon. Continue to Costco Wholesale Correlation, Costco Wholesale Volatility and Costco Wholesale Alpha and Beta module to complement your research on Costco Wholesale.
Symbol


Is Costco Wholesale'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 Costco Wholesale. If investors know Costco 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 Costco Wholesale 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 YOY
0.12
Market Capitalization
234.1 B
Quarterly Revenue Growth YOY
0.15
Return On Assets
0.0789
Return On Equity
30.59
The market value of Costco Wholesale Corp is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale'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 Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale'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 Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine Costco Wholesale value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.

Costco Wholesale '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 Costco Wholesale'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 Costco Wholesale.
0.00
02/04/2022
No Change 0.00  0.0 
In 9 months and 27 days
12/01/2022
0.00
If you would invest  0.00  in Costco Wholesale on February 4, 2022 and sell it all today you would earn a total of 0.00 from holding Costco Wholesale Corp or generate 0.0% return on investment in Costco Wholesale over 300 days. Costco Wholesale is related to or competes with International Business. Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the U... More

Costco Wholesale 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 Costco Wholesale'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 Costco Wholesale Corp upside and downside potential and time the market with a certain degree of confidence.

Costco Wholesale Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Costco Wholesale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Costco Wholesale's standard deviation. In reality, there are many statistical measures that can use Costco Wholesale historical prices to predict the future Costco Wholesale's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Costco Wholesale'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. Please use the tools below to analyze the current value of Costco Wholesale in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
537.05538.89540.73
Details
Intrinsic
Valuation
LowReal ValueHigh
516.80518.64593.18
Details
Naive
Forecast
LowNext ValueHigh
541.88543.72545.56
Details
19 Analysts
Consensus
LowTarget PriceHigh
385.00551.95650.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Costco Wholesale. Your research has to be compared to or analyzed against Costco Wholesale's peers to derive any actionable benefits. When done correctly, Costco Wholesale's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Costco Wholesale Corp.

Costco Wholesale Corp Backtested Returns

We consider Costco Wholesale very steady. Costco Wholesale Corp secures Sharpe Ratio (or Efficiency) of 0.044, which signifies that the company had 0.044% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Costco Wholesale Corp, which you can use to evaluate the future volatility of the firm. Please confirm Costco Wholesale Corp Mean Deviation of 1.33, risk adjusted performance of 0.0364, and Downside Deviation of 1.77 to double-check if the risk estimate we provide is consistent with the expected return of 0.081%.
Costco Wholesale has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.928, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Costco's beta means in this case. Costco Wholesale returns are very sensitive to returns on the market. As the market goes up or down, Costco Wholesale is expected to follow. Although it is important to respect Costco Wholesale Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Costco Wholesale Corp technical indicators, you can presently evaluate if the expected return of 0.081% will be sustainable into the future. Costco Wholesale Corp right now shows a risk of 1.84%. Please confirm Costco Wholesale Corp variance and potential upside to decide if Costco Wholesale Corp will be following its price patterns.

Auto-correlation

    
  0.48  

Average predictability

Costco Wholesale Corp has average predictability. Overlapping area represents the amount of predictability between Costco Wholesale time series from 4th of February 2022 to 4th of July 2022 and 4th of July 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Costco Wholesale Corp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Costco Wholesale price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.2
Residual Average0.0
Price Variance693.05

Costco Wholesale Corp lagged returns against current returns

Autocorrelation, which is Costco Wholesale 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 Costco Wholesale's stock expected returns. We can calculate the autocorrelation of Costco Wholesale returns to help us make a trade decision. For example, suppose you find that Costco Wholesale stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Costco Wholesale 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 Costco Wholesale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Costco Wholesale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Costco Wholesale stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Costco Wholesale Lagged Returns

When evaluating Costco Wholesale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Costco Wholesale stock have on its future price. Costco Wholesale 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, Costco Wholesale autocorrelation shows the relationship between Costco Wholesale stock current value and its past values and can show if there is a momentum factor associated with investing in Costco Wholesale Corp.
   Regressed Prices   
Share
       Timeline  

Costco Wholesale Investors Sentiment

The influence of Costco Wholesale's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Costco. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Costco Wholesale's public news can be used to forecast risks associated with investment in Costco. The trend in average sentiment can be used to explain how an investor holding Costco can time the market purely based on public headlines and social activities around Costco Wholesale Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Costco Wholesale's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Costco Wholesale's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Costco Wholesale's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Costco Wholesale.

Costco Wholesale Implied Volatility

    
  43.64  
Costco Wholesale's implied volatility exposes the market's sentiment of Costco Wholesale Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Costco Wholesale's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Costco Wholesale stock will not fluctuate a lot when Costco Wholesale's options are near their expiration.
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 Costco Wholesale 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, Costco Wholesale's short interest history, or implied volatility extrapolated from Costco Wholesale options trading.

Pair Trading with Costco Wholesale

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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.

Moving together with Costco Wholesale

+0.7CASYCaseys General Stores Earnings Call  This WeekPairCorr
+0.78CELHCelsius Holdings Upward RallyPairCorr
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale is a statistical measure of how it moves in relation to other equities. 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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.
Pair CorrelationCorrelation Matching
Continue to Costco Wholesale Correlation, Costco Wholesale Volatility and Costco Wholesale Alpha and Beta module to complement your research on Costco Wholesale. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running Costco Wholesale Corp price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
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Costco Wholesale 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.
A focus of Costco Wholesale technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Costco Wholesale trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...