Carecloud Stock Probability of Future Stock Price Finishing Under 0.79
| CCLD Stock | 3.42 0.17 5.23% |
CareCloud |
CareCloud Target Price Odds to finish below 0.79
The tendency of CareCloud Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 0.79 or more in 90 days |
| 3.42 | 90 days | 0.79 | near 1 |
Based on a normal probability distribution, the odds of CareCloud to drop to 0.79 or more in 90 days from now is near 1 (This CareCloud probability density function shows the probability of CareCloud Stock to fall within a particular range of prices over 90 days) . Probability of CareCloud price to stay between 0.79 and its current price of 3.42 at the end of the 90-day period is about 87.88 .
Given the investment horizon of 90 days CareCloud has a beta of -0.83 suggesting as returns on the benchmark increase, returns on holding CareCloud are expected to decrease at a much lower rate. During a bear market, however, CareCloud is likely to outperform the market. Additionally CareCloud has an alpha of 0.7131, implying that it can generate a 0.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CareCloud Price Density |
| Price |
Predictive Modules for CareCloud
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CareCloud. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CareCloud Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CareCloud is not an exception. The market had few large corrections towards the CareCloud's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CareCloud, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CareCloud within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.71 | |
β | Beta against Dow Jones | -0.83 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | 0.08 |
CareCloud Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CareCloud for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CareCloud can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CareCloud is way too risky over 90 days horizon | |
| CareCloud appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 117.06 M. Net Loss for the year was (48.67 M) with profit before overhead, payroll, taxes, and interest of 54.39 M. | |
| CareCloud has a strong financial position based on the latest SEC filings | |
| About 47.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: CareCloud stock soars to 52-week high of 18.48 amid robust gains - Investing.com |
CareCloud Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of CareCloud Stock often depends not only on the future outlook of the current and potential CareCloud's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CareCloud's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.7 M | |
| Cash And Short Term Investments | 3.3 M |
CareCloud Technical Analysis
CareCloud's future price can be derived by breaking down and analyzing its technical indicators over time. CareCloud Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CareCloud. In general, you should focus on analyzing CareCloud Stock price patterns and their correlations with different microeconomic environments and drivers.
CareCloud Predictive Forecast Models
CareCloud's time-series forecasting models is one of many CareCloud's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CareCloud's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about CareCloud
Checking the ongoing alerts about CareCloud for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CareCloud help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CareCloud is way too risky over 90 days horizon | |
| CareCloud appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 117.06 M. Net Loss for the year was (48.67 M) with profit before overhead, payroll, taxes, and interest of 54.39 M. | |
| CareCloud has a strong financial position based on the latest SEC filings | |
| About 47.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: CareCloud stock soars to 52-week high of 18.48 amid robust gains - Investing.com |
Check out CareCloud Backtesting, CareCloud Valuation, CareCloud Correlation, CareCloud Hype Analysis, CareCloud Volatility, CareCloud History as well as CareCloud Performance. For information on how to trade CareCloud Stock refer to our How to Trade CareCloud Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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 CareCloud. If investors know CareCloud 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 CareCloud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.32) | Revenue Per Share 7.008 | Quarterly Revenue Growth (0.04) | Return On Assets (0.0006) | Return On Equity (0.66) |
The market value of CareCloud is measured differently than its book value, which is the value of CareCloud that is recorded on the company's balance sheet. Investors also form their own opinion of CareCloud's value that differs from its market value or its book value, called intrinsic value, which is CareCloud'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 CareCloud's market value can be influenced by many factors that don't directly affect CareCloud'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 CareCloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareCloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareCloud'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.