Hanseatic Management Services Inc. Makes New 781,000 Investment in CareDx, Inc
| CDNA Stock | USD 20.89 0.48 2.25% |
About 61% of Caredx's investor base is looking to short. The analysis of the overall investor sentiment regarding Caredx Inc suggests that many traders are alarmed. The current market sentiment, together with Caredx's historical and current headlines, can help investors time the market. In addition, many technical investors use Caredx Inc stock news signals to limit their universe of possible portfolio assets.
Caredx |
Hanseatic Management Services Inc. acquired a new position in shares of CareDx, Inc during the 3rd quarter, according to its most recent Form 13F filing with the Securities Exchange Commission. The fund acquired 24,998 shares of the companys stock, valued at approximately 781,000. Other large investors also recently added to
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Caredx Fundamental Analysis
We analyze Caredx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Caredx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Caredx based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Caredx is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Caredx Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Caredx stock to make a market-neutral strategy. Peer analysis of Caredx could also be used in its relative valuation, which is a method of valuing Caredx by comparing valuation metrics with similar companies.
Peers
Caredx Related Equities
| PSNL | Personalis | 5.91 | ||||
| CSTL | Castle Biosciences | 3.79 | ||||
| BDSX | Biodesix | 3.75 | ||||
| CRL | Charles River | 0.51 | ||||
| SERA | Sera Prognostics | 0.48 | ||||
| TWST | Twist Bioscience | 0.95 | ||||
| DRIO | DarioHealth Corp | 1.43 | ||||
| NTRA | Natera | 1.50 | ||||
| MYGN | Myriad Genetics | 1.53 | ||||
| ILMN | Illumina | 1.79 | ||||
| EXAS | EXACT Sciences | 2.15 | ||||
| GH | Guardant Health | 4.92 |
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