Carerx Stock Price on November 8, 2024
CHHHF Stock | USD 1.40 0.00 0.00% |
If you're considering investing in CareRx Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CareRx stands at 1.40, as last reported on the 6th of January, with the highest price reaching 1.40 and the lowest price hitting 1.40 during the day. CareRx secures Sharpe Ratio (or Efficiency) of -0.0631, which signifies that the company had a -0.0631% return per unit of risk over the last 3 months. CareRx exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CareRx's Standard Deviation of 2.56, risk adjusted performance of (0.04), and Mean Deviation of 0.8752 to double-check the risk estimate we provide.
CareRx Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CareRx |
Sharpe Ratio = -0.0631
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Estimated Market Risk
2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CareRx 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 CareRx by adding CareRx to a well-diversified portfolio.
CareRx Valuation on November 8, 2024
It is possible to determine the worth of CareRx on a given historical date. On November 8, 2024 CareRx was worth 1.29 at the beginning of the trading date compared to the closed value of 1.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CareRx pink sheet. Still, in general, we apply an absolute valuation method to find CareRx'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 CareRx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CareRx's related companies.
Open | High | Low | Close | Volume | |
1.32 | 1.32 | 1.32 | 1.32 | 1.00 | |
11/08/2024 | 1.29 | 1.36 | 1.29 | 1.35 | 4,050 |
1.35 | 1.35 | 1.35 | 1.35 | 25.00 |
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CareRx Trading Date Momentum on November 8, 2024
On November 11 2024 CareRx was traded for 1.35 at the closing time. The highest daily price throughout the period was 1.35 and the lowest price was 1.35 . The daily volume was 25.0. The net trading volume on 11/11/2024 did not affect price variability. The overall trading delta to current closing price is 5.19% . |
CareRx Fundamentals Correlations and Trends
By evaluating CareRx'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 CareRx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CareRx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CareRx Pink Sheet history
CareRx 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 CareRx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CareRx 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 CareRx stock prices may prove useful in developing a viable investing in CareRx
CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada. CareRx Corporation was incorporated in 2001 and is headquartered in Toronto, Canada. Carerx Corp operates under Medical Care Facilities classification in the United States and is traded on OTC Exchange. It employs 1378 people.
CareRx Pink Sheet Technical Analysis
CareRx technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
CareRx Period Price Range
Low | January 6, 2025
| High |
0.00 | 0.00 |
CareRx cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
CareRx January 6, 2025 Market Strength
Market strength indicators help investors to evaluate how CareRx pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CareRx shares will generate the highest return on investment. By undertsting and applying CareRx pink sheet market strength indicators, traders can identify CareRx entry and exit signals to maximize returns
CareRx Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CareRx's price direction in advance. Along with the technical and fundamental analysis of CareRx Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of CareRx 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 | (0.16) | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | 0.1687 |
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Complementary Tools for CareRx Pink Sheet analysis
When running CareRx's price analysis, check to measure CareRx'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 CareRx is operating at the current time. Most of CareRx's value examination focuses on studying past and present price action to predict the probability of CareRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareRx's price. Additionally, you may evaluate how the addition of CareRx to your portfolios can decrease your overall portfolio volatility.
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