Cartrade Tech (India) Price on October 24, 2024
| CARTRADE | 1,569 96.95 5.82% |
If you're considering investing in Cartrade Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cartrade Tech stands at 1,569, as last reported on the 7th of January, with the highest price reaching 1,704 and the lowest price hitting 1,543 during the day. Cartrade Tech appears to be very steady, given 3 months investment horizon. Cartrade Tech Limited secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the company had a 0.31% return per unit of risk over the last 3 months. By analyzing Cartrade Tech's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please makes use of Cartrade Tech's Mean Deviation of 2.53, downside deviation of 2.95, and Risk Adjusted Performance of 0.2315 to double-check if our risk estimates are consistent with your expectations.
At present, Cartrade Tech's Stock Based Compensation is projected to increase significantly based on the last few years of reporting. Sale Purchase Of Stock is expected to grow at the current pace this year, whereas Common Stock Shares Outstanding is forecasted to decline to about 45.8 M. . Cartrade Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cartrade |
Sharpe Ratio = 0.3128
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Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.97 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Cartrade Tech is performing at about 24% 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 Cartrade Tech by adding it to a well-diversified portfolio.
Price Book 3.7079 | Enterprise Value Ebitda 42.8223 | Price Sales 13.5334 | Shares Float 40.3 M | Wall Street Target Price 1.2 K |
Cartrade Tech Valuation on October 24, 2024
It is possible to determine the worth of Cartrade Tech on a given historical date. On October 24, 2024 Cartrade was worth 1004.0 at the beginning of the trading date compared to the closed value of 986.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cartrade Tech stock. Still, in general, we apply an absolute valuation method to find Cartrade Tech'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 Cartrade Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cartrade Tech's related companies.
| Open | High | Low | Close | Volume | |
| 975.00 | 1,015 | 957.05 | 1,002 | 169,012 | |
10/24/2024 | 1,004 | 1,004 | 974.50 | 986.70 | 150,226 |
| 976.85 | 994.45 | 970.65 | 982.40 | 224,229 |
| Backtest Cartrade Tech | | | Cartrade Tech History | | | Cartrade Tech Valuation | Previous | Next |
Cartrade Tech Trading Date Momentum on October 24, 2024
| On October 25 2024 Cartrade Tech Limited was traded for 982.40 at the closing time. The highest price during the trading period was 994.45 and the lowest recorded bid was listed for 970.65 . The volume for the day was 224.2 K. This history from October 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.44% . The overall trading delta to the current price is 10.02% . |
Cartrade Tech Limited Fundamentals Correlations and Trends
By evaluating Cartrade Tech'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 Cartrade Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cartrade financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cartrade Tech Stock history
Cartrade Tech 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 Cartrade is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cartrade Tech Limited 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 Cartrade Tech stock prices may prove useful in developing a viable investing in Cartrade Tech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 58.6 M | 45.8 M | |
| Net Loss | -1.2 B | -1.1 B |
Cartrade Tech Quarterly Net Working Capital |
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Cartrade Tech Stock Technical Analysis
Cartrade Tech 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
Cartrade Tech Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Cartrade Tech Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.
Cartrade Tech January 7, 2025 Market Strength
Market strength indicators help investors to evaluate how Cartrade Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cartrade Tech shares will generate the highest return on investment. By undertsting and applying Cartrade Tech stock market strength indicators, traders can identify Cartrade Tech Limited entry and exit signals to maximize returns
Cartrade Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cartrade Tech's price direction in advance. Along with the technical and fundamental analysis of Cartrade Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cartrade 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 | 0.2315 | |||
| Jensen Alpha | 0.8714 | |||
| Total Risk Alpha | 0.823 | |||
| Sortino Ratio | 0.2909 | |||
| Treynor Ratio | 47.11 |
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| Volume Indicators |
Complementary Tools for Cartrade Stock analysis
When running Cartrade Tech's price analysis, check to measure Cartrade Tech'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 Cartrade Tech is operating at the current time. Most of Cartrade Tech's value examination focuses on studying past and present price action to predict the probability of Cartrade Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cartrade Tech's price. Additionally, you may evaluate how the addition of Cartrade Tech to your portfolios can decrease your overall portfolio volatility.
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