CareRay Digital (China) Price on December 15, 2023
| 688607 Stock | 14.27 0.22 1.57% |
If you're considering investing in CareRay Stock, it is important to understand the factors that can impact its price. As of today, the current price of CareRay Digital stands at 14.27, as last reported on the 25th of December, with the highest price reaching 14.44 and the lowest price hitting 13.94 during the day. CareRay Digital appears to be somewhat reliable, given 3 months investment horizon. CareRay Digital Medical secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CareRay Digital Medical, which you can use to evaluate the volatility of the firm. Please makes use of CareRay Digital's Mean Deviation of 2.5, downside deviation of 3.39, and Risk Adjusted Performance of 0.1428 to double-check if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 698.4 M, whereas Total Stockholder Equity is forecasted to decline to about 577.5 M. . CareRay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CareRay |
Sharpe Ratio = 0.1392
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688607 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.5 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average CareRay Digital is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CareRay Digital by adding it to a well-diversified portfolio.
Price Book 1.4504 | Enterprise Value Ebitda 29.1996 | Price Sales 4.3691 | Shares Float 48.9 M | Dividend Share 0.054 |
CareRay Digital Valuation on December 15, 2023
It is possible to determine the worth of CareRay Digital on a given historical date. On December 15, 2023 CareRay was worth 20.29 at the beginning of the trading date compared to the closed value of 19.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CareRay Digital stock. Still, in general, we apply an absolute valuation method to find CareRay Digital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CareRay Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CareRay Digital's related companies.
| Open | High | Low | Close | Volume | |
| 20.08 | 20.49 | 19.99 | 20.20 | 986,889 | |
12/15/2023 | 20.29 | 20.39 | 19.79 | 19.95 | 723,674 |
| 20.02 | 20.13 | 19.68 | 19.75 | 824,810 |
| Backtest CareRay Digital | | | CareRay Digital History | | | CareRay Digital Valuation | Previous | Next |
CareRay Digital Trading Date Momentum on December 15, 2023
| On December 18 2023 CareRay Digital Medical was traded for 19.75 at the closing time. The highest price during the trading period was 20.13 and the lowest recorded bid was listed for 19.68 . The volume for the day was 824.8 K. This history from December 18, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.00% . The overall trading delta to the current price is 3.86% . |
CareRay Digital Medical Fundamentals Correlations and Trends
By evaluating CareRay Digital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CareRay Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CareRay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CareRay Digital Stock history
CareRay Digital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CareRay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CareRay Digital Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CareRay Digital stock prices may prove useful in developing a viable investing in CareRay Digital
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 88.1 M | 82.6 M |
CareRay Digital Quarterly Net Working Capital |
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CareRay Digital Stock Technical Analysis
CareRay Digital 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.
Price Boundaries
CareRay Digital Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
CareRay Digital Medical cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CareRay Digital December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how CareRay Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CareRay Digital shares will generate the highest return on investment. By undertsting and applying CareRay Digital stock market strength indicators, traders can identify CareRay Digital Medical entry and exit signals to maximize returns
CareRay Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CareRay Digital's price direction in advance. Along with the technical and fundamental analysis of CareRay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CareRay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1428 | |||
| Jensen Alpha | 0.5609 | |||
| Total Risk Alpha | 0.4162 | |||
| Sortino Ratio | 0.1559 | |||
| Treynor Ratio | 6.98 |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for CareRay Stock analysis
When running CareRay Digital's price analysis, check to measure CareRay Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareRay Digital is operating at the current time. Most of CareRay Digital's value examination focuses on studying past and present price action to predict the probability of CareRay Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareRay Digital's price. Additionally, you may evaluate how the addition of CareRay Digital to your portfolios can decrease your overall portfolio volatility.
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