Carecloud Stock Market Value
| CCLDP Stock | 16.34 0.08 0.49% |
| 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.
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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CareCloud on October 30, 2024 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 30 days. CareCloud is related to or competes with Evolent Health, Simulations Plus, Privia Health, HealthStream, Certara, Phreesia, and Forian. 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 | 1.74 | |||
| Information Ratio | 0.1561 | |||
| Maximum Drawdown | 34.13 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 5.91 |
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 | 0.1492 | |||
| Jensen Alpha | 0.8886 | |||
| Total Risk Alpha | 0.1401 | |||
| Sortino Ratio | 0.4026 | |||
| Treynor Ratio | (1.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CareCloud's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CareCloud Backtested Returns
CareCloud appears to be somewhat reliable, given 3 months investment horizon. CareCloud secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing CareCloud's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of CareCloud's Risk Adjusted Performance of 0.1492, downside deviation of 1.74, and Mean Deviation of 2.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CareCloud holds a performance score of 13. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CareCloud are expected to decrease at a much lower rate. During the bear market, CareCloud is likely to outperform the market. Please check CareCloud's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether CareCloud's price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
CareCloud has modest reverse predictability. Overlapping area represents the amount of predictability between CareCloud time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 -0.41 indicates that just about 41.0% of current CareCloud price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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 |
Pair Trading with CareCloud
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareCloud position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareCloud will appreciate offsetting losses from the drop in the long position's value.Moving together with CareCloud Stock
Moving against CareCloud Stock
| 0.75 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.53 | VERO | Venus Concept | PairCorr |
| 0.47 | DRIO | DarioHealth Corp | PairCorr |
| 0.34 | CI | Cigna Corp | PairCorr |
| 0.32 | VTAK | Catheter Precision | PairCorr |
The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareCloud - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareCloud to buy it.
The correlation of CareCloud is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareCloud can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CareCloud Stock Analysis
When running CareCloud's price analysis, check to measure CareCloud'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 CareCloud is operating at the current time. Most of CareCloud's value examination focuses on studying past and present price action to predict the probability of CareCloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareCloud's price. Additionally, you may evaluate how the addition of CareCloud to your portfolios can decrease your overall portfolio volatility.