Chemed Corp Stock Market Value
| CHE Stock | USD 589.96 0.72 0.12% |
| Symbol | Chemed |
Chemed Corp 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 Chemed Corp. If investors know Chemed 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 Chemed Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 1.8 | Earnings Share 19.87 | Revenue Per Share | Quarterly Revenue Growth 0.092 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.
Chemed Corp '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 Chemed Corp'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 Chemed Corp.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Chemed Corp on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Chemed Corp or generate 0.0% return on investment in Chemed Corp over 90 days. Chemed Corp is related to or competes with Encompass Health, Pennant, Acadia Healthcare, Select Medical, Addus HomeCare, Enhabit, and Ensign. Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered... More
Chemed Corp 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 Chemed Corp'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 Chemed Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.1163 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.33 |
Chemed Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemed Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemed Corp's standard deviation. In reality, there are many statistical measures that can use Chemed Corp historical prices to predict the future Chemed Corp's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.1466 | |||
| Total Risk Alpha | 0.2937 | |||
| Sortino Ratio | 0.1339 | |||
| Treynor Ratio | 0.0766 |
Chemed Corp Backtested Returns
At this point, Chemed Corp is very steady. Chemed Corp secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chemed Corp, which you can use to evaluate the volatility of the firm. Please confirm Chemed Corp's mean deviation of 1.09, and Risk Adjusted Performance of 0.0394 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Chemed Corp has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chemed Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemed Corp is expected to be smaller as well. Chemed Corp right now shows a risk of 1.59%. Please confirm Chemed Corp treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Chemed Corp will be following its price patterns.
Auto-correlation | 0.73 |
Good predictability
Chemed Corp has good predictability. Overlapping area represents the amount of predictability between Chemed Corp time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Chemed Corp price movement. The serial correlation of 0.73 indicates that around 73.0% of current Chemed Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 313.44 |
Chemed Corp lagged returns against current returns
Autocorrelation, which is Chemed Corp 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 Chemed Corp's stock expected returns. We can calculate the autocorrelation of Chemed Corp returns to help us make a trade decision. For example, suppose you find that Chemed Corp 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 |
Chemed Corp 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 Chemed Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemed Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemed Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Chemed Corp Lagged Returns
When evaluating Chemed Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemed Corp stock have on its future price. Chemed Corp 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, Chemed Corp autocorrelation shows the relationship between Chemed Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Chemed Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Chemed Corp is a strong investment it is important to analyze Chemed Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemed Corp's future performance. For an informed investment choice regarding Chemed Stock, refer to the following important reports:Check out Chemed Corp Correlation, Chemed Corp Volatility and Chemed Corp Alpha and Beta module to complement your research on Chemed Corp. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Chemed Corp 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.