Caredx Inc Stock Price on February 26, 2024
| CDNA Stock | USD 24.11 0.98 4.24% |
Below is the normalized historical share price chart for Caredx Inc extending back to July 17, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Caredx stands at 24.11, as last reported on the 26th of November, with the highest price reaching 24.37 and the lowest price hitting 22.99 during the day.
If you're considering investing in Caredx Stock, it is important to understand the factors that can impact its price. Caredx Inc secures Sharpe Ratio (or Efficiency) of -0.0761, which signifies that the company had a -0.0761% return per unit of risk over the last 3 months. Caredx Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caredx's Risk Adjusted Performance of (0.07), standard deviation of 3.69, and Mean Deviation of 2.52 to double-check the risk estimate we provide.
At present, Caredx's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 62.8 K, whereas Common Stock Shares Outstanding is forecasted to decline to about 32.9 M. . At present, Caredx's Price To Sales Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 2.59, whereas Price Earnings Ratio is forecasted to decline to (3.56). Caredx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of July 2014 | 200 Day MA 18.3411 | 50 Day MA 26.0561 | Beta 1.801 |
Caredx |
Sharpe Ratio = -0.0761
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CDNA |
Estimated Market Risk
| 3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Caredx is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Caredx by adding Caredx to a well-diversified portfolio.
Price Book 4.5401 | Enterprise Value Ebitda (2.82) | Price Sales 3.9663 | Shares Float 52.3 M | Wall Street Target Price 34.6667 |
Caredx Valuation on February 26, 2024
It is possible to determine the worth of Caredx on a given historical date. On February 26, 2024 Caredx was worth 8.23 at the beginning of the trading date compared to the closed value of 8.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Caredx stock. Still, in general, we apply an absolute valuation method to find Caredx's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Caredx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Caredx's related companies.
| Open | High | Low | Close | Volume | |
| 8.27 | 8.44 | 8.08 | 8.27 | 366,201 | |
02/26/2024 | 8.23 | 8.95 | 8.21 | 8.92 | 810,830 |
| 9.00 | 9.60 | 8.88 | 9.49 | 978,319 |
| Backtest Caredx | | | Caredx History | | | Caredx Valuation | Previous | Next |
Caredx Trading Date Momentum on February 26, 2024
| On February 27 2024 Caredx Inc was traded for 9.49 at the closing time. The top price for the day was 9.60 and the lowest listed price was 8.88 . The trading volume for the day was 978.3 K. The trading history from February 27, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 6.39% . The overall trading delta against the current closing price is 32.40% . |
Caredx Inc Fundamentals Correlations and Trends
By evaluating Caredx's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Caredx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Caredx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Caredx Stock history
Caredx investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Caredx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Caredx Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Caredx stock prices may prove useful in developing a viable investing in Caredx
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 53.8 M | 32.9 M | |
| Net Loss | -69 M | -65.5 M |
Caredx Quarterly Net Working Capital |
|
Caredx Stock Technical Analysis
Caredx 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.
Price Boundaries
Caredx Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Caredx Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Caredx November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Caredx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Caredx shares will generate the highest return on investment. By undertsting and applying Caredx stock market strength indicators, traders can identify Caredx Inc entry and exit signals to maximize returns
Caredx Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Caredx's price direction in advance. Along with the technical and fundamental analysis of Caredx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Caredx to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.40) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Caredx Stock analysis
When running Caredx's price analysis, check to measure Caredx'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 Caredx is operating at the current time. Most of Caredx's value examination focuses on studying past and present price action to predict the probability of Caredx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caredx's price. Additionally, you may evaluate how the addition of Caredx to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |