Check Cap Stock Market Value
| CHEK Stock | USD 0.77 0.01 1.28% |
| Symbol | Check |
Is Health Care Equipment & Supplies 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 Check Cap. If investors know Check 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 Check Cap listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Check Cap is measured differently than its book value, which is the value of Check that is recorded on the company's balance sheet. Investors also form their own opinion of Check Cap's value that differs from its market value or its book value, called intrinsic value, which is Check Cap'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 Check Cap's market value can be influenced by many factors that don't directly affect Check Cap'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 Check Cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Check Cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Check Cap'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.
Check Cap '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 Check Cap'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 Check Cap.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Check Cap on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Check Cap or generate 0.0% return on investment in Check Cap over 90 days. Check Cap is related to or competes with Fonar, Burning Rock, Sera Prognostics, DarioHealth Corp, Biodesix, Aclaris Therapeutics, and Castle Biosciences. Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening te... More
Check Cap 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 Check Cap'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 Check Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.82 | |||
| Information Ratio | 0.0928 | |||
| Maximum Drawdown | 312.47 | |||
| Value At Risk | (14.67) | |||
| Potential Upside | 21.48 |
Check Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Check Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Check Cap's standard deviation. In reality, there are many statistical measures that can use Check Cap historical prices to predict the future Check Cap's volatility.| Risk Adjusted Performance | 0.0883 | |||
| Jensen Alpha | 3.28 | |||
| Total Risk Alpha | 8.19 | |||
| Sortino Ratio | 0.3598 | |||
| Treynor Ratio | (2.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Check Cap'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.
Check Cap Backtested Returns
Check Cap is out of control given 3 months investment horizon. Check Cap secures Sharpe Ratio (or Efficiency) of 0.0902, which signifies that the company had a 0.0902 % return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.43% are justified by taking the suggested risk. Use Check Cap risk adjusted performance of 0.0883, and Mean Deviation of 13.15 to evaluate company specific risk that cannot be diversified away. Check Cap holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.32, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Check Cap are expected to decrease by larger amounts. On the other hand, during market turmoil, Check Cap is expected to outperform it. Use Check Cap potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on Check Cap.
Auto-correlation | -0.24 |
Weak reverse predictability
Check Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Check Cap time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Check Cap price movement. The serial correlation of -0.24 indicates that over 24.0% of current Check Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Check Cap lagged returns against current returns
Autocorrelation, which is Check Cap 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 Check Cap's stock expected returns. We can calculate the autocorrelation of Check Cap returns to help us make a trade decision. For example, suppose you find that Check Cap 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 |
Check Cap 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 Check Cap stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Check Cap stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Check Cap stock over time.
Current vs Lagged Prices |
| Timeline |
Check Cap Lagged Returns
When evaluating Check Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Check Cap stock have on its future price. Check Cap 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, Check Cap autocorrelation shows the relationship between Check Cap stock current value and its past values and can show if there is a momentum factor associated with investing in Check Cap.
Regressed Prices |
| Timeline |
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Check Cap 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.