Concord Medical Services Stock Market Value
| CCM Stock | USD 5.09 0.16 3.25% |
| Symbol | Concord |
Concord Medical Services Price To Book Ratio
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.
Concord Medical '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 Concord Medical'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 Concord Medical.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Concord Medical on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Concord Medical Services or generate 0.0% return on investment in Concord Medical over 540 days. Concord Medical is related to or competes with Acadia Healthcare, Select Medical, Universal Health, Prestige Brand, and US Physicalrapy. Concord Medical Services Holdings Limited, together its subsidiaries, operates a network of radiotherapy and diagnostic ... More
Concord Medical 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 Concord Medical'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 Concord Medical Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 41.12 | |||
| Value At Risk | (8.15) | |||
| Potential Upside | 10.4 |
Concord Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concord Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concord Medical's standard deviation. In reality, there are many statistical measures that can use Concord Medical historical prices to predict the future Concord Medical's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | 0.2652 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Concord Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Concord Medical Services Backtested Returns
Concord Medical Services secures Sharpe Ratio (or Efficiency) of -0.0236, which signifies that the company had a -0.0236% 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 Standard Deviation of 6.06, risk adjusted performance of (0.04), and Mean Deviation of 4.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.44, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Concord Medical are expected to decrease by larger amounts. On the other hand, during market turmoil, Concord Medical is expected to outperform it. At this point, Concord Medical Services has a negative expected return of -0.14%. Please make sure to confirm Concord Medical's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Concord Medical Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Concord Medical Services has very weak reverse predictability. Overlapping area represents the amount of predictability between Concord Medical time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Concord Medical Services price movement. The serial correlation of -0.02 indicates that only 2.0% of current Concord Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 3.38 |
Concord Medical Services lagged returns against current returns
Autocorrelation, which is Concord Medical 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 Concord Medical's stock expected returns. We can calculate the autocorrelation of Concord Medical returns to help us make a trade decision. For example, suppose you find that Concord Medical 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 |
Concord Medical 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 Concord Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concord Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concord Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Concord Medical Lagged Returns
When evaluating Concord Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concord Medical stock have on its future price. Concord Medical 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, Concord Medical autocorrelation shows the relationship between Concord Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Concord Medical Services.
Regressed Prices |
| Timeline |
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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.