Carebook Technologies Stock Market Value
| CRBK Stock | CAD 0.1 0.05 111.11% |
| Symbol | Carebook |
Carebook Technologies '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 Carebook Technologies' 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 Carebook Technologies.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Carebook Technologies on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Carebook Technologies or generate 0.0% return on investment in Carebook Technologies over 30 days. Carebook Technologies is related to or competes with NextSource Materials, Arbor Metals, Sun Peak, North American, Rogers Communications, and CVW CleanTech. Carebook Technologies Inc., digital health company, provides digital health and virtual care solutions for pharmacies, e... More
Carebook Technologies 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 Carebook Technologies' 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 Carebook Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.15 | |||
| Information Ratio | 0.0785 | |||
| Maximum Drawdown | 60.61 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 15.38 |
Carebook Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carebook Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carebook Technologies' standard deviation. In reality, there are many statistical measures that can use Carebook Technologies historical prices to predict the future Carebook Technologies' volatility.| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 1.05 | |||
| Sortino Ratio | 0.0795 | |||
| Treynor Ratio | 0.5469 |
Carebook Technologies Backtested Returns
Carebook Technologies is out of control given 3 months investment horizon. Carebook Technologies secures Sharpe Ratio (or Efficiency) of 0.083, which signifies that the company had a 0.083% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use Carebook Technologies Mean Deviation of 6.99, risk adjusted performance of 0.0743, and Downside Deviation of 16.15 to evaluate company specific risk that cannot be diversified away. Carebook Technologies holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.37, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Carebook Technologies will likely underperform. Use Carebook Technologies sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Carebook Technologies.
Auto-correlation | -0.43 |
Modest reverse predictability
Carebook Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Carebook Technologies time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 Carebook Technologies price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Carebook Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Carebook Technologies lagged returns against current returns
Autocorrelation, which is Carebook Technologies 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 Carebook Technologies' stock expected returns. We can calculate the autocorrelation of Carebook Technologies returns to help us make a trade decision. For example, suppose you find that Carebook Technologies 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 |
Carebook Technologies 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 Carebook Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carebook Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carebook Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Carebook Technologies Lagged Returns
When evaluating Carebook Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carebook Technologies stock have on its future price. Carebook Technologies 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, Carebook Technologies autocorrelation shows the relationship between Carebook Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Carebook Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Carebook Stock Analysis
When running Carebook Technologies' price analysis, check to measure Carebook Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carebook Technologies is operating at the current time. Most of Carebook Technologies' value examination focuses on studying past and present price action to predict the probability of Carebook Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carebook Technologies' price. Additionally, you may evaluate how the addition of Carebook Technologies to your portfolios can decrease your overall portfolio volatility.