Carerx Corp Stock Probability of Future Stock Price Finishing Over 1.89
| CRRX Stock | CAD 1.89 0.01 0.53% |
CareRx |
CareRx Corp Target Price Odds to finish over 1.89
The tendency of CareRx 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 move above the current price in 90 days |
| 1.89 | 90 days | 1.89 | about 66.15 |
Based on a normal probability distribution, the odds of CareRx Corp to move above the current price in 90 days from now is about 66.15 (This CareRx Corp probability density function shows the probability of CareRx Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon CareRx Corp has a beta of 0.0624 suggesting as returns on the market go up, CareRx Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CareRx Corp will be expected to be much smaller as well. Additionally CareRx Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CareRx Corp Price Density |
| Price |
Predictive Modules for CareRx Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CareRx Corp. 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.CareRx Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CareRx Corp is not an exception. The market had few large corrections towards the CareRx Corp'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 CareRx Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CareRx Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.07 |
CareRx Corp 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 CareRx Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CareRx Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CareRx Corp may become a speculative penny stock | |
| CareRx Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 370.75 M. Net Loss for the year was (5.41 M) with profit before overhead, payroll, taxes, and interest of 109.93 M. | |
| Latest headline from news.google.com: CareRx Corp Q3 2024 Earnings Call Highlights Navigating Growth Amid Revenue Challenges - Yahoo Finance UK |
CareRx Corp 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 CareRx Stock often depends not only on the future outlook of the current and potential CareRx Corp'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. CareRx Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 57.3 M | |
| Cash And Short Term Investments | 7.7 M |
CareRx Corp Technical Analysis
CareRx Corp's future price can be derived by breaking down and analyzing its technical indicators over time. CareRx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CareRx Corp. In general, you should focus on analyzing CareRx Stock price patterns and their correlations with different microeconomic environments and drivers.
CareRx Corp Predictive Forecast Models
CareRx Corp's time-series forecasting models is one of many CareRx Corp'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 CareRx Corp'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 CareRx Corp
Checking the ongoing alerts about CareRx Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CareRx Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CareRx Corp may become a speculative penny stock | |
| CareRx Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 370.75 M. Net Loss for the year was (5.41 M) with profit before overhead, payroll, taxes, and interest of 109.93 M. | |
| Latest headline from news.google.com: CareRx Corp Q3 2024 Earnings Call Highlights Navigating Growth Amid Revenue Challenges - Yahoo Finance UK |
Other Information on Investing in CareRx Stock
CareRx Corp financial ratios help investors to determine whether CareRx 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 CareRx with respect to the benefits of owning CareRx Corp security.