Concord Medical Services Stock Price on November 29, 2024
| CCM Stock | USD 5.09 0.16 3.25% |
Below is the normalized historical share price chart for Concord Medical Services extending back to December 11, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Concord Medical stands at 5.09, as last reported on the 29th of November, with the highest price reaching 5.46 and the lowest price hitting 4.87 during the day.
If you're considering investing in Concord Stock, it is important to understand the factors that can impact its price. Concord Medical Services secures Sharpe Ratio (or Efficiency) of -0.0323, which signifies that the company had a -0.0323% return per unit of risk over the last 3 months. Concord Medical Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concord Medical's Mean Deviation of 4.08, standard deviation of 6.06, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
Stock Based Compensation is expected to grow at the current pace this year, though Total Stockholder Equity is likely to grow to (2 B). . As of the 29th of November 2024, Price To Sales Ratio is likely to drop to 0.63. In addition to that, Price Earnings Ratio is likely to grow to -1.14. Concord Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of December 2009 | 200 Day MA 6.6264 | 50 Day MA 6.4794 | Beta (0.27) |
Concord |
Sharpe Ratio = -0.0323
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Estimated Market Risk
| 6.11 actual daily | 54 54% of assets are less volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Concord Medical is not performing at its full potential. However, 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 Concord Medical by adding Concord Medical to a well-diversified portfolio.
Price Book 3.0038 | Enterprise Value Ebitda (0.96) | Price Sales 0.0454 | Shares Float 42.3 M | Wall Street Target Price 1.2 |
Concord Medical Valuation on November 29, 2024
It is possible to determine the worth of Concord Medical on a given historical date. On November 29, 2024 Concord was worth 5.22 at the beginning of the trading date compared to the closed value of 5.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Concord Medical stock. Still, in general, we apply an absolute valuation method to find Concord Medical'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 Concord Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Concord Medical's related companies.
| Open | High | Low | Close | Volume | |
| 4.94 | 4.94 | 4.93 | 4.93 | 0.00 | |
11/29/2024 | 5.22 | 5.46 | 4.87 | 5.09 | 3,990 |
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Concord Medical Trading Date Momentum on November 29, 2024
| On November 29 2024 Concord Medical Services was traded for 5.09 at the closing time. Highest Concord Medical's price during the trading hours was 5.46 and the lowest price during the day was 4.87 . The net volume was 4 K. The overall trading history on the 29th of November did not affect price variability. The overall trading delta to current price is 2.55% . |
Concord Medical Services Fundamentals Correlations and Trends
By evaluating Concord Medical'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 Concord Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Concord financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Concord Medical Stock history
Concord Medical 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 Concord is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Concord Medical Services 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 Concord Medical stock prices may prove useful in developing a viable investing in Concord Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.9 M | 3.7 M | |
| Net Loss | -440.7 M | -418.7 M |
Concord Medical Stock Technical Analysis
Concord Medical 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
Concord Medical Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
Concord Medical Services cannot be verified against its exchange. Please verify the symbol is currently traded on New York 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.
Concord Medical November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Concord Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Concord Medical shares will generate the highest return on investment. By undertsting and applying Concord Medical stock market strength indicators, traders can identify Concord Medical Services entry and exit signals to maximize returns
Concord Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Concord Medical's price direction in advance. Along with the technical and fundamental analysis of Concord Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Concord 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 | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | 0.2652 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concord Medical Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Health Care Providers & Services 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 Concord Medical. If investors know Concord 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 Concord Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (11.96) | Revenue Per Share 107.978 | Quarterly Revenue Growth (0.23) | Return On Assets (0.04) | Return On Equity (0.32) |
The market value of Concord Medical Services is measured differently than its book value, which is the value of Concord that is recorded on the company's balance sheet. Investors also form their own opinion of Concord Medical's value that differs from its market value or its book value, called intrinsic value, which is Concord Medical'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 Concord Medical's market value can be influenced by many factors that don't directly affect Concord Medical'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 Concord Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concord Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concord Medical'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.