Concord Medical Services Stock Market Value
| CCM Stock | USD 0.55 0.03 5.17% |
| Symbol | Concord |
Concord Medical Services Price To Book Ratio
Is Concord Medical'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 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 (1.48) | Revenue Per Share 14.017 | Quarterly Revenue Growth 0.972 | Return On Assets (0.05) | Return On Equity (0.31) |
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.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Concord Medical on February 19, 2024 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 60 days. Concord Medical is related to or competes with Certara, HealthStream, Evolent Health, Streamline Health, Definitive Healthcare, Simulations Plus, and Agiliti. 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 | (0.07) | |||
| Maximum Drawdown | 55.56 | |||
| Value At Risk | (12.33) | |||
| Potential Upside | 11.54 |
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 | (0.03) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 0.3373 |
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 -0.061, which signifies that the company had a -0.061% 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 Risk Adjusted Performance of (0.03), standard deviation of 9.11, and Mean Deviation of 5.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.59, 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. Concord Medical Services has an expected return of -0.57%. Please make sure to confirm Concord Medical Services 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 | -0.83 |
Excellent reverse predictability
Concord Medical Services has excellent reverse predictability. Overlapping area represents the amount of predictability between Concord Medical time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Concord Medical Services price movement. The serial correlation of -0.83 indicates that around 83.0% of current Concord Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Concord Medical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Concord Medical's short interest history, or implied volatility extrapolated from Concord Medical options trading.
Pair Trading with Concord Medical
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 Concord Medical 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 Concord Medical will appreciate offsetting losses from the drop in the long position's value.Moving together with Concord Stock
| 0.61 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
Moving against Concord Stock
| 0.86 | ELMD | Electromed | PairCorr |
| 0.82 | HIMS | Hims Hers Health Financial Report 13th of May 2024 | PairCorr |
| 0.81 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.79 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.69 | EOLS | Evolus Inc Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Concord Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concord Medical 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 Concord Medical - 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 Concord Medical Services to buy it.
The correlation of Concord Medical 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 Concord Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concord Medical Services 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 Concord Medical 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 Concord Medical Correlation, Concord Medical Volatility and Concord Medical Alpha and Beta module to complement your research on Concord Medical. Note that the Concord Medical Services information on this page should be used as a complementary analysis to other Concord Medical'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Concord Stock analysis
When running Concord Medical's price analysis, check to measure Concord Medical'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 Concord Medical is operating at the current time. Most of Concord Medical's value examination focuses on studying past and present price action to predict the probability of Concord Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concord Medical's price. Additionally, you may evaluate how the addition of Concord Medical to your portfolios can decrease your overall portfolio volatility.
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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.