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Neither is an equity's price much of the calendar year.
by czbond 2y ago
Neither is an equity's price much of the calendar year.
- avarun 2y ago…yes. Which is why OP made the argument that this tool, which helps with fundamental performance, isn’t very useful for calculating an equity’s price target.
- rahimnathwani 2y agoWe should distinguish between: - price (absolute level) - price movements (relative change) Your claim is that an equity's price isn't usually a reflection of fundamental value. On how many days this year (or this decade) was Google's market cap lower than that of Cheesecake Factory? Why?
- czbond 2y agoI was referring to an equities price generally being in a wide band channel of price over a year. I was not suggesting an equity goes wildly below it's intrinsic value often (although it is not uncommon still)