Costco Stock Market Value

COST
 Stock
  

USD 556.32  3.30  0.60%   

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 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Costco Wholesale and determine expected loss or profit from investing in Costco Wholesale over a given investment horizon. Continue to Costco Wholesale Hype Analysis, Costco Wholesale Correlation, Costco Wholesale Valuation, Costco Wholesale Volatility, as well as analyze Costco Wholesale Alpha and Beta and Costco Wholesale Performance.
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
0.11
Market Capitalization
238 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0847
Return On Equity
0.31
The market value of Costco Wholesale 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
08/27/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/17/2022
0.00
If you would invest  0.00  in Costco Wholesale on August 27, 2020 and sell it all today you would earn a total of 0.00 from holding Costco Wholesale or generate 0.0% return on investment in Costco Wholesale over 720 days. Costco Wholesale is related to or competes with Abercrombie Fitch, Ecolab, Bed Bath, Atai Life, International Business, McDonalds Corp, and General Electric. 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 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
551.81553.69555.57
Details
Intrinsic
Valuation
LowReal ValueHigh
546.08547.96610.59
Details
19 Analysts
Consensus
LowTarget PriceHigh
385.00551.95650.00
Details
Earnings
Estimates (11)
LowProjected EPSHigh
12.1312.6313.04
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.

Costco Wholesale Backtested Returns

Costco Wholesale appears to be very steady, given 3 months investment horizon. Costco Wholesale secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had 0.24% 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-eight technical indicators for Costco Wholesale, which you can use to evaluate the future volatility of the firm. Please makes use of Costco Wholesale's Risk Adjusted Performance of 0.1212, downside deviation of 2.81, and Mean Deviation of 1.6 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Costco Wholesale holds a performance score of 18. The firm shows a Beta (market volatility) of 1.3246, which signifies a somewhat significant risk relative to the market. Let's try to break down what Costco's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Costco Wholesale will likely underperform. Although it is vital to follow Costco Wholesale historical returns, it is good to be conservative about what you can do with the information regarding equity 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 technical indicators, you can presently evaluate if the expected return of 0.45% will be sustainable into the future. Please makes use of Costco Wholesale potential upside, as well as the relationship between the accumulation distribution and price action indicator to make a quick decision on whether Costco Wholesale price patterns will revert.

Auto-correlation

    
  0.18  

Very weak predictability

Costco Wholesale has very weak predictability. Overlapping area represents the amount of predictability between Costco Wholesale time series from 27th of August 2020 to 22nd of August 2021 and 22nd of August 2021 to 17th of August 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 price movement. The serial correlation of 0.18 indicates that over 18.0% of current Costco Wholesale price fluctuation can be explain by its past prices.
Correlation Coefficient0.18
Spearman Rank Test0.24
Residual Average0.0
Price Variance1792.28

Costco Wholesale 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   
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       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.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Costco Wholesale without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

0.93BJBjs Wholesale Club Earnings Call  TomorrowPairCorr

Moving against Costco Wholesale

0.77AIUMeta Data Earnings Call  This WeekPairCorr
0.73ALCOAlico Inc Fiscal Year End 6th of December 2022 PairCorr
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 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 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 Hype Analysis, Costco Wholesale Correlation, Costco Wholesale Valuation, Costco Wholesale Volatility, as well as analyze Costco Wholesale Alpha and Beta and Costco Wholesale Performance. Note that the Costco Wholesale information on this page should be used as a complementary analysis to other Costco Wholesale's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Costco Stock analysis

When running Costco Wholesale 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...