Cytosorbents Crp Stock Market Value
| CTSO Stock | USD 0.95 0.04 4.40% |
| Symbol | Cytosorbents |
Cytosorbents Crp 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 Cytosorbents Crp. If investors know Cytosorbents 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 Cytosorbents Crp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.36) | Revenue Per Share 0.72 | Quarterly Revenue Growth 0.066 | Return On Assets (0.28) | Return On Equity (1.19) |
The market value of Cytosorbents Crp is measured differently than its book value, which is the value of Cytosorbents that is recorded on the company's balance sheet. Investors also form their own opinion of Cytosorbents Crp's value that differs from its market value or its book value, called intrinsic value, which is Cytosorbents Crp'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 Cytosorbents Crp's market value can be influenced by many factors that don't directly affect Cytosorbents Crp'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 Cytosorbents Crp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cytosorbents Crp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cytosorbents Crp'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.
Cytosorbents Crp '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 Cytosorbents Crp'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 Cytosorbents Crp.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cytosorbents Crp on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cytosorbents Crp or generate 0.0% return on investment in Cytosorbents Crp over 30 days. Cytosorbents Crp is related to or competes with LivaNova PLC, Electromed, Orthopediatrics Corp, SurModics, Neuropace, Clearpoint Neuro, and Tela Bio. Cytosorbents Corporation engages in the research, development, and commercialization of medical devices with its blood p... More
Cytosorbents Crp 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 Cytosorbents Crp'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 Cytosorbents Crp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 32.59 | |||
| Value At Risk | (8.55) | |||
| Potential Upside | 9.15 |
Cytosorbents Crp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cytosorbents Crp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cytosorbents Crp's standard deviation. In reality, there are many statistical measures that can use Cytosorbents Crp historical prices to predict the future Cytosorbents Crp's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cytosorbents Crp'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.
Cytosorbents Crp Backtested Returns
As of now, Cytosorbents Stock is dangerous. Cytosorbents Crp secures Sharpe Ratio (or Efficiency) of 0.0119, which signifies that the company had a 0.0119% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Cytosorbents Crp, which you can use to evaluate the volatility of the firm. Please confirm Cytosorbents Crp's Risk Adjusted Performance of 0.0059, standard deviation of 6.1, and Mean Deviation of 4.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0735%. The firm shows a Beta (market volatility) of 2.12, 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, Cytosorbents Crp will likely underperform. Cytosorbents Crp right now shows a risk of 6.19%. Please confirm Cytosorbents Crp treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Cytosorbents Crp will be following its price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Cytosorbents Crp has very weak reverse predictability. Overlapping area represents the amount of predictability between Cytosorbents Crp 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 Cytosorbents Crp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Cytosorbents Crp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cytosorbents Crp lagged returns against current returns
Autocorrelation, which is Cytosorbents Crp 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 Cytosorbents Crp's stock expected returns. We can calculate the autocorrelation of Cytosorbents Crp returns to help us make a trade decision. For example, suppose you find that Cytosorbents Crp 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 |
Cytosorbents Crp 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 Cytosorbents Crp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cytosorbents Crp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cytosorbents Crp stock over time.
Current vs Lagged Prices |
| Timeline |
Cytosorbents Crp Lagged Returns
When evaluating Cytosorbents Crp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cytosorbents Crp stock have on its future price. Cytosorbents Crp 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, Cytosorbents Crp autocorrelation shows the relationship between Cytosorbents Crp stock current value and its past values and can show if there is a momentum factor associated with investing in Cytosorbents Crp.
Regressed Prices |
| Timeline |
Pair Trading with Cytosorbents Crp
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 Cytosorbents Crp 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 Cytosorbents Crp will appreciate offsetting losses from the drop in the long position's value.Moving against Cytosorbents Stock
| 0.64 | MD | Mednax Inc | PairCorr |
| 0.63 | VREX | Varex Imaging Corp | PairCorr |
| 0.54 | LH | Laboratory | PairCorr |
| 0.51 | DXCM | DexCom Inc | PairCorr |
| 0.44 | GH | Guardant Health | PairCorr |
The ability to find closely correlated positions to Cytosorbents Crp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cytosorbents Crp 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 Cytosorbents Crp - 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 Cytosorbents Crp to buy it.
The correlation of Cytosorbents Crp 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 Cytosorbents Crp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cytosorbents Crp 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 Cytosorbents Crp 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 Cytosorbents Crp Correlation, Cytosorbents Crp Volatility and Cytosorbents Crp Alpha and Beta module to complement your research on Cytosorbents Crp. To learn how to invest in Cytosorbents Stock, please use our How to Invest in Cytosorbents Crp guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Cytosorbents Crp 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.