Caremax Stock Market Value
| CMAX Stock | USD 3.26 0.23 6.59% |
| Symbol | CareMax |
CareMax Price To Book Ratio
Is CareMax's industry 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 CareMax. If investors know CareMax 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 CareMax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (183.29) | Revenue Per Share 201.491 | Quarterly Revenue Growth (0.08) | Return On Assets (0.08) | Return On Equity (2.01) |
The market value of CareMax is measured differently than its book value, which is the value of CareMax that is recorded on the company's balance sheet. Investors also form their own opinion of CareMax's value that differs from its market value or its book value, called intrinsic value, which is CareMax'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 CareMax's market value can be influenced by many factors that don't directly affect CareMax'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 CareMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareMax'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.
CareMax '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 CareMax'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 CareMax.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in CareMax on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding CareMax or generate 0.0% return on investment in CareMax over 30 days. CareMax is related to or competes with Certara, HealthStream, National Research, HealthEquity, Evolent Health, Streamline Health, and Definitive Healthcare. CareMax, Inc. provides medical services through physicians and health care professionals More
CareMax 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 CareMax'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 CareMax upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 93.14 | |||
| Value At Risk | (20.65) | |||
| Potential Upside | 24.9 |
CareMax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareMax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareMax's standard deviation. In reality, there are many statistical measures that can use CareMax historical prices to predict the future CareMax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.98) | |||
| Total Risk Alpha | (2.74) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CareMax'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.
CareMax Backtested Returns
CareMax secures Sharpe Ratio (or Efficiency) of -0.0653, which signifies that the company had a -0.0653% return per unit of risk over the last 3 months. CareMax exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CareMax's Mean Deviation of 11.07, standard deviation of 14.95, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.39, 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, CareMax will likely underperform. CareMax has an expected return of -0.99%. Please make sure to confirm CareMax total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if CareMax performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
CareMax has very weak reverse predictability. Overlapping area represents the amount of predictability between CareMax time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 CareMax price movement. The serial correlation of -0.01 indicates that just 1.0% of current CareMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
CareMax lagged returns against current returns
Autocorrelation, which is CareMax 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 CareMax's stock expected returns. We can calculate the autocorrelation of CareMax returns to help us make a trade decision. For example, suppose you find that CareMax 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 |
CareMax 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 CareMax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareMax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareMax stock over time.
Current vs Lagged Prices |
| Timeline |
CareMax Lagged Returns
When evaluating CareMax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareMax stock have on its future price. CareMax 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, CareMax autocorrelation shows the relationship between CareMax stock current value and its past values and can show if there is a momentum factor associated with investing in CareMax.
Regressed Prices |
| Timeline |
Pair Trading with CareMax
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareMax position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareMax will appreciate offsetting losses from the drop in the long position's value.Moving against CareMax Stock
| 0.56 | DSGN | Design Therapeutics Financial Report 14th of May 2024 | PairCorr |
| 0.51 | NXL | Nexalin Technology | PairCorr |
| 0.48 | THMO | Thermogenesis Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.42 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
The ability to find closely correlated positions to CareMax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareMax when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareMax - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareMax to buy it.
The correlation of CareMax is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareMax moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareMax can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CareMax Correlation, CareMax Volatility and CareMax Alpha and Beta module to complement your research on CareMax. For more information on how to buy CareMax Stock please use our How to Invest in CareMax guide.Note that the CareMax information on this page should be used as a complementary analysis to other CareMax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for CareMax Stock analysis
When running CareMax's price analysis, check to measure CareMax's 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 CareMax is operating at the current time. Most of CareMax's value examination focuses on studying past and present price action to predict the probability of CareMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareMax's price. Additionally, you may evaluate how the addition of CareMax to your portfolios can decrease your overall portfolio volatility.
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CareMax 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.