Concentra Group Holdings Stock Market Value
| CON Stock | 22.72 0.11 0.48% |
| Symbol | Concentra |
Concentra Group Holdings Price To Book Ratio
Is Health Care Providers & Services 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 Concentra Group. If investors know Concentra 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 Concentra Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Earnings Share 1.02 | Revenue Per Share | Quarterly Revenue Growth 0.023 |
The market value of Concentra Group Holdings is measured differently than its book value, which is the value of Concentra that is recorded on the company's balance sheet. Investors also form their own opinion of Concentra Group's value that differs from its market value or its book value, called intrinsic value, which is Concentra Group'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 Concentra Group's market value can be influenced by many factors that don't directly affect Concentra Group'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 Concentra Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concentra Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concentra Group'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.
Concentra Group '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 Concentra Group'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 Concentra Group.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Concentra Group on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Concentra Group Holdings or generate 0.0% return on investment in Concentra Group over 30 days. Concentra Group is related to or competes with BioNTech, Space Communication, Tarsus Pharmaceuticals, Acco Brands, Hudson Pacific, National CineMedia, and Genfit. Concentra Group is entity of United States More
Concentra Group 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 Concentra Group'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 Concentra Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.56 |
Concentra Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concentra Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concentra Group's standard deviation. In reality, there are many statistical measures that can use Concentra Group historical prices to predict the future Concentra Group's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.2389 | |||
| Total Risk Alpha | 0.2369 | |||
| Sortino Ratio | 0.1233 | |||
| Treynor Ratio | 0.1781 |
Concentra Group Holdings Backtested Returns
As of now, Concentra Stock is very steady. Concentra Group Holdings secures Sharpe Ratio (or Efficiency) of 0.0766, which signifies that the company had a 0.0766 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Concentra Group Holdings, which you can use to evaluate the volatility of the firm. Please confirm Concentra Group's Downside Deviation of 1.94, risk adjusted performance of 0.0868, and Mean Deviation of 1.64 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Concentra Group has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.35, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Concentra Group will likely underperform. Concentra Group Holdings right now shows a risk of 2.26%. Please confirm Concentra Group Holdings semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Concentra Group Holdings will be following its price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Concentra Group Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Concentra Group time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th 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 Concentra Group Holdings price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Concentra Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Concentra Group Holdings lagged returns against current returns
Autocorrelation, which is Concentra Group 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 Concentra Group's stock expected returns. We can calculate the autocorrelation of Concentra Group returns to help us make a trade decision. For example, suppose you find that Concentra Group 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 |
Concentra Group 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 Concentra Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concentra Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concentra Group stock over time.
Current vs Lagged Prices |
| Timeline |
Concentra Group Lagged Returns
When evaluating Concentra Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concentra Group stock have on its future price. Concentra Group 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, Concentra Group autocorrelation shows the relationship between Concentra Group stock current value and its past values and can show if there is a momentum factor associated with investing in Concentra Group Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Concentra Group
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 Concentra Group 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 Concentra Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Concentra Stock
Moving against Concentra Stock
The ability to find closely correlated positions to Concentra Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concentra Group 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 Concentra Group - 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 Concentra Group Holdings to buy it.
The correlation of Concentra Group 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 Concentra Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concentra Group Holdings 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 Concentra Group 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.Check out Concentra Group Correlation, Concentra Group Volatility and Concentra Group Alpha and Beta module to complement your research on Concentra Group. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Concentra Group 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.