Caretrust Reit Stock Market Value
| CTRE Stock | USD 26.73 0.47 1.73% |
| Symbol | CareTrust |
CareTrust REIT Price To Book Ratio
Is Diversified REITs 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 CareTrust REIT. If investors know CareTrust 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 CareTrust REIT 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 1.614 | Dividend Share 1.15 | Earnings Share 0.72 | Revenue Per Share | Quarterly Revenue Growth 0.385 |
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT'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 CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT'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 CareTrust REIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT'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.
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.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in CareTrust REIT on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding CareTrust REIT or generate 0.0% return on investment in CareTrust REIT over 30 days. CareTrust REIT is related to or competes with Global Medical, Universal Health, Healthpeak Properties, Healthcare Realty, Sabra Healthcare, Community Healthcare, and Ventas. CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acqu... 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.04 |
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 | (0.17) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.49) |
CareTrust REIT Backtested Returns
CareTrust REIT secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. CareTrust REIT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CareTrust REIT's Risk Adjusted Performance of (0.08), standard deviation of 1.55, and Mean Deviation of 1.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, 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 has a negative expected return of -0.17%. Please make sure to confirm CareTrust REIT's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if CareTrust REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
CareTrust REIT has modest reverse predictability. Overlapping area represents the amount of predictability between CareTrust REIT time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 price movement. The serial correlation of -0.41 indicates that just about 41.0% of current CareTrust REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
CareTrust REIT 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 |
| Timeline |
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.
Regressed Prices |
| Timeline |
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Check out CareTrust REIT Correlation, CareTrust REIT Volatility and CareTrust REIT Alpha and Beta module to complement your research on CareTrust REIT. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
CareTrust REIT 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.