Carecloud Stock Market Value
| CCLD Stock | 2.85 0.15 5.56% |
| Symbol | CareCloud |
CareCloud Price To Book Ratio
Is Health Care Equipment & Supplies space 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 CareCloud. If investors know CareCloud 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 CareCloud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.32) | Revenue Per Share 7.008 | Quarterly Revenue Growth (0.04) | Return On Assets (0.0006) | Return On Equity (0.66) |
The market value of CareCloud is measured differently than its book value, which is the value of CareCloud that is recorded on the company's balance sheet. Investors also form their own opinion of CareCloud's value that differs from its market value or its book value, called intrinsic value, which is CareCloud'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 CareCloud's market value can be influenced by many factors that don't directly affect CareCloud'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 CareCloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareCloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareCloud'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.
CareCloud '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 CareCloud'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 CareCloud.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in CareCloud on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding CareCloud or generate 0.0% return on investment in CareCloud over 360 days. CareCloud is related to or competes with Forian, HealthStream, National Research, Streamline Health, Privia Health, and Evolent Health. CareCloud is entity of United States. It is traded as Stock on NASDAQ exchange. More
CareCloud 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 CareCloud'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 CareCloud upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 38.81 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 7.92 |
CareCloud Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareCloud's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareCloud's standard deviation. In reality, there are many statistical measures that can use CareCloud historical prices to predict the future CareCloud's volatility.| Risk Adjusted Performance | 0.0156 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0877 |
CareCloud Backtested Returns
At this point, CareCloud is risky. CareCloud secures Sharpe Ratio (or Efficiency) of 0.0267, which signifies that the company had a 0.0267% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CareCloud, which you can use to evaluate the volatility of the firm. Please confirm CareCloud's Risk Adjusted Performance of 0.0156, downside deviation of 4.96, and Mean Deviation of 3.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. CareCloud has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CareCloud's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareCloud is expected to be smaller as well. CareCloud right now shows a risk of 5.49%. Please confirm CareCloud semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if CareCloud will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
CareCloud has virtually no predictability. Overlapping area represents the amount of predictability between CareCloud time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CareCloud price movement. The serial correlation of 0.02 indicates that only 2.0% of current CareCloud price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
CareCloud lagged returns against current returns
Autocorrelation, which is CareCloud 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 CareCloud's stock expected returns. We can calculate the autocorrelation of CareCloud returns to help us make a trade decision. For example, suppose you find that CareCloud 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 |
| Timeline |
CareCloud 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 CareCloud stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareCloud stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareCloud stock over time.
Current vs Lagged Prices |
| Timeline |
CareCloud Lagged Returns
When evaluating CareCloud's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareCloud stock have on its future price. CareCloud 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, CareCloud autocorrelation shows the relationship between CareCloud stock current value and its past values and can show if there is a momentum factor associated with investing in CareCloud.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether CareCloud is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CareCloud Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Carecloud Stock. Highlighted below are key reports to facilitate an investment decision about Carecloud Stock:Check out CareCloud Correlation, CareCloud Volatility and CareCloud Alpha and Beta module to complement your research on CareCloud. For information on how to trade CareCloud Stock refer to our How to Trade CareCloud Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
CareCloud 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.