CARETRUST REIT (Germany) Market Value
| 7XC Stock | EUR 25.00 0.40 1.57% |
| Symbol | CARETRUST |
CARETRUST REIT '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 CARETRUST REIT'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 CARETRUST REIT.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in CARETRUST REIT on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding CARETRUST REIT DL 01 or generate 0.0% return on investment in CARETRUST REIT over 30 days. CARETRUST REIT is related to or competes with ANGLO ASIAN, Clean Energy, Soken Chemical, Siamgas, ULTRA CLEAN, China BlueChemical, and CVW CLEANTECH. More
CARETRUST REIT 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 CARETRUST REIT'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 CARETRUST REIT DL 01 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.1 |
CARETRUST REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CARETRUST REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARETRUST REIT's standard deviation. In reality, there are many statistical measures that can use CARETRUST REIT historical prices to predict the future CARETRUST REIT's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.18) |
CARETRUST REIT DL Backtested Returns
CARETRUST REIT DL secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of risk over the last 3 months. CARETRUST REIT DL 01 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CARETRUST REIT's Variance of 2.09, coefficient of variation of (819.07), and Mean Deviation of 1.13 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CARETRUST REIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CARETRUST REIT is expected to be smaller as well. At this point, CARETRUST REIT DL has a negative expected return of -0.22%. Please make sure to confirm CARETRUST REIT's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if CARETRUST REIT DL performance from the past will be repeated in the future.
Auto-correlation | 0.01 |
Virtually no predictability
CARETRUST REIT DL 01 has virtually no predictability. Overlapping area represents the amount of predictability between CARETRUST REIT time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CARETRUST REIT DL price movement. The serial correlation of 0.01 indicates that just 1.0% of current CARETRUST REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
CARETRUST REIT DL lagged returns against current returns
Autocorrelation, which is CARETRUST REIT 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 CARETRUST REIT's stock expected returns. We can calculate the autocorrelation of CARETRUST REIT returns to help us make a trade decision. For example, suppose you find that CARETRUST REIT 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 price movement to match the lagging time series.
Current and Lagged Values |
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CARETRUST REIT 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 CARETRUST REIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARETRUST REIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARETRUST REIT stock over time.
Current vs Lagged Prices |
| Timeline |
CARETRUST REIT Lagged Returns
When evaluating CARETRUST REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARETRUST REIT stock have on its future price. CARETRUST REIT 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, CARETRUST REIT autocorrelation shows the relationship between CARETRUST REIT stock current value and its past values and can show if there is a momentum factor associated with investing in CARETRUST REIT DL 01.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CARETRUST Stock
CARETRUST REIT financial ratios help investors to determine whether CARETRUST Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CARETRUST with respect to the benefits of owning CARETRUST REIT security.