CareRay Digital (China) Market Value
| 688607 Stock | 15.78 0.18 1.13% |
| Symbol | CareRay |
CareRay Digital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CareRay Digital's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CareRay Digital.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in CareRay Digital on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding CareRay Digital Medical or generate 0.0% return on investment in CareRay Digital over 30 days. CareRay Digital is related to or competes with Aofu Environmental, Hangzhou Guotai, Huawen Media, Chahua Modern, Grandblue Environment, Sinosteel Engineering, and Xiamen Insight. CareRay Digital is entity of China. It is traded as Stock on SHG exchange. More
CareRay Digital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CareRay Digital's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CareRay Digital Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0363 | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 2.95 |
CareRay Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareRay Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareRay Digital's standard deviation. In reality, there are many statistical measures that can use CareRay Digital historical prices to predict the future CareRay Digital's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | 0.1264 | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 0.461 |
CareRay Digital Medical Backtested Returns
At this point, CareRay Digital is not too volatile. CareRay Digital Medical secures Sharpe Ratio (or Efficiency) of 0.0147, which signifies that the company had a 0.0147 % 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 confirm CareRay Digital's Risk Adjusted Performance of 0.0291, mean deviation of 1.63, and Downside Deviation of 2.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.0313%. CareRay Digital has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CareRay Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareRay Digital is expected to be smaller as well. CareRay Digital Medical right now shows a risk of 2.13%. Please confirm CareRay Digital Medical total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if CareRay Digital Medical will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
CareRay Digital Medical has modest predictability. Overlapping area represents the amount of predictability between CareRay Digital time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CareRay Digital Medical price movement. The serial correlation of 0.53 indicates that about 53.0% of current CareRay Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
CareRay Digital Medical lagged returns against current returns
Autocorrelation, which is CareRay Digital stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CareRay Digital's stock expected returns. We can calculate the autocorrelation of CareRay Digital returns to help us make a trade decision. For example, suppose you find that CareRay Digital has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CareRay Digital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CareRay Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareRay Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareRay Digital stock over time.
Current vs Lagged Prices |
| Timeline |
CareRay Digital Lagged Returns
When evaluating CareRay Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareRay Digital stock have on its future price. CareRay Digital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CareRay Digital autocorrelation shows the relationship between CareRay Digital stock current value and its past values and can show if there is a momentum factor associated with investing in CareRay Digital Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CareRay Stock
CareRay Digital financial ratios help investors to determine whether CareRay Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareRay with respect to the benefits of owning CareRay Digital security.