Check Cap Stock Market Value
| CHEK Stock | USD 0.82 0.01 1.23% |
| Symbol | Check |
Check Cap 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 Check Cap. If investors know Check 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 Check Cap listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.00) | Return On Assets (0.32) | Return On Equity (0.54) |
The market value of Check Cap is measured differently than its book value, which is the value of Check that is recorded on the company's balance sheet. Investors also form their own opinion of Check Cap's value that differs from its market value or its book value, called intrinsic value, which is Check Cap'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 Check Cap's market value can be influenced by many factors that don't directly affect Check Cap'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 Check Cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Check Cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Check Cap'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.
Check Cap '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 Check Cap'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 Check Cap.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Check Cap on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Check Cap or generate 0.0% return on investment in Check Cap over 30 days. Check Cap is related to or competes with Fonar, Burning Rock, Sera Prognostics, Psychemedics, DarioHealth Corp, Biodesix, and Aclaris Therapeutics. Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening te... More
Check Cap 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 Check Cap'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 Check Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 23.69 | |||
| Value At Risk | (10.76) | |||
| Potential Upside | 6.04 |
Check Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Check Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Check Cap's standard deviation. In reality, there are many statistical measures that can use Check Cap historical prices to predict the future Check Cap's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (1.24) | |||
| Total Risk Alpha | (1.88) | |||
| Treynor Ratio | (1.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Check Cap'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.
Check Cap Backtested Returns
Check Cap secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of standard deviation over the last 3 months. Check Cap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Check Cap's mean deviation of 3.36, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Check Cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Check Cap is expected to be smaller as well. At this point, Check Cap has a negative expected return of -1.12%. Please make sure to confirm Check Cap's jensen alpha and the relationship between the value at risk and day typical price , to decide if Check Cap performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Check Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Check Cap time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Check Cap price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Check Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Check Cap lagged returns against current returns
Autocorrelation, which is Check Cap 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 Check Cap's stock expected returns. We can calculate the autocorrelation of Check Cap returns to help us make a trade decision. For example, suppose you find that Check Cap 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 |
Check Cap 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 Check Cap stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Check Cap stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Check Cap stock over time.
Current vs Lagged Prices |
| Timeline |
Check Cap Lagged Returns
When evaluating Check Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Check Cap stock have on its future price. Check Cap 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, Check Cap autocorrelation shows the relationship between Check Cap stock current value and its past values and can show if there is a momentum factor associated with investing in Check Cap.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Check Cap Correlation, Check Cap Volatility and Check Cap Alpha and Beta module to complement your research on Check Cap. For more information on how to buy Check Stock please use our How to buy in Check Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Check Cap 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.