Chemed's market value is the price at which a share of Chemed trades on a public exchange. It measures the collective expectations of Chemed investors about its performance. Chemed is trading at 535.00 as of the 5th of February 2025. This is a 1.83% down since the beginning of the trading day. The stock's lowest day price was 535.0. With this module, you can estimate the performance of a buy and hold strategy of Chemed and determine expected loss or profit from investing in Chemed over a given investment horizon. Check out Chemed Correlation, Chemed Volatility and Chemed Alpha and Beta module to complement your research on Chemed.
Please note, there is a significant difference between Chemed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed'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.
Chemed '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 Chemed'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 Chemed.
0.00
01/06/2025
No Change 0.00
0.0
In 31 days
02/05/2025
0.00
If you would invest 0.00 in Chemed on January 6, 2025 and sell it all today you would earn a total of 0.00 from holding Chemed or generate 0.0% return on investment in Chemed over 30 days. Chemed is related to or competes with United States, Marie Brizard, ARDAGH METAL, and KOBE STEEL. Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered... More
Chemed 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 Chemed'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 Chemed upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemed's standard deviation. In reality, there are many statistical measures that can use Chemed historical prices to predict the future Chemed's volatility.
At this point, Chemed is very steady. Chemed secures Sharpe Ratio (or Efficiency) of 0.0811, which signifies that the company had a 0.0811 % return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Chemed, which you can use to evaluate the volatility of the firm. Please confirm Chemed's risk adjusted performance of 0.0058, and Mean Deviation of 1.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Chemed has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chemed are expected to decrease at a much lower rate. During the bear market, Chemed is likely to outperform the market. Chemed right now shows a risk of 1.36%. Please confirm Chemed coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if Chemed will be following its price patterns.
Auto-correlation
0.19
Very weak predictability
Chemed has very weak predictability. Overlapping area represents the amount of predictability between Chemed time series from 6th of January 2025 to 21st of January 2025 and 21st of January 2025 to 5th 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 Chemed price movement. The serial correlation of 0.19 indicates that over 19.0% of current Chemed price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
0.59
Residual Average
0.0
Price Variance
95.14
Chemed lagged returns against current returns
Autocorrelation, which is Chemed 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 Chemed's stock expected returns. We can calculate the autocorrelation of Chemed returns to help us make a trade decision. For example, suppose you find that Chemed 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
Chemed 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 Chemed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemed stock over time.
Current vs Lagged Prices
Timeline
Chemed Lagged Returns
When evaluating Chemed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemed stock have on its future price. Chemed 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, Chemed autocorrelation shows the relationship between Chemed stock current value and its past values and can show if there is a momentum factor associated with investing in Chemed.
Chemed financial ratios help investors to determine whether Chemed Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Chemed with respect to the benefits of owning Chemed security.