Caremax Stock Beta

CMAX Stock  USD 0.0001  0.00  0.00%   
CareMax fundamentals help investors to digest information that contributes to CareMax's financial success or failures. It also enables traders to predict the movement of CareMax Stock. The fundamental analysis module provides a way to measure CareMax's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CareMax stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

CareMax Company Beta Analysis

CareMax's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current CareMax Beta

    
  0.68  
Most of CareMax's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CareMax is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

CareMax Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for CareMax is extremely important. It helps to project a fair market value of CareMax Stock properly, considering its historical fundamentals such as Beta. Since CareMax's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CareMax's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CareMax's interrelated accounts and indicators.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, CareMax has a Beta of 0.679. This is 21.05% lower than that of the Health Care Equipment & Supplies sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.

CareMax Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CareMax's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CareMax could also be used in its relative valuation, which is a method of valuing CareMax by comparing valuation metrics of similar companies.
CareMax is currently under evaluation in beta category among its peers.

CareMax Institutional Holders

Institutional Holdings refers to the ownership stake in CareMax that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CareMax's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CareMax's value.
Shares
Royal Bank Of Canada2024-09-30
500
Jpmorgan Chase & Co2024-09-30
108
Citigroup Inc2024-09-30
34.0
Ubs Group Ag2024-09-30
18.0
Sterling Capital Management Llc2024-09-30
1.0
Healthcare Of Ontario Pension Plan Trust Fund2024-09-30
1.0
Goldman Sachs Group Inc2024-09-30
0.0
Susquehanna International Group, Llp2024-09-30
0.0
Jane Street Group Llc2024-09-30
0.0
Deerfield Management Co2024-09-30
530.2 K
Morgan Stanley - Brokerage Accounts2024-09-30
353.5 K
As returns on the market increase, CareMax's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareMax is expected to be smaller as well.

CareMax Fundamentals

About CareMax Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CareMax's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CareMax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CareMax based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for CareMax Stock Analysis

When running CareMax's price analysis, check to measure CareMax'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 CareMax is operating at the current time. Most of CareMax's value examination focuses on studying past and present price action to predict the probability of CareMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareMax's price. Additionally, you may evaluate how the addition of CareMax to your portfolios can decrease your overall portfolio volatility.