Castle Biosciences Stock Forecast - Jensen Alpha
| CSTL Stock | USD 32.26 0.39 1.22% |
Castle Stock Forecast is based on your current time horizon. Although Castle Biosciences' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Castle Biosciences' systematic risk associated with finding meaningful patterns of Castle Biosciences fundamentals over time.
Castle |
| Check Castle Biosciences Volatility | Backtest Castle Biosciences | Information Ratio |
Castle Biosciences Trading Date Momentum
| On October 22 2024 Castle Biosciences was traded for 32.26 at the closing time. The top price for the day was 32.91 and the lowest listed price was 31.62 . The trading volume for the day was 274.1 K. The trading history from October 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.98% . |
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Other Forecasting Options for Castle Biosciences
For every potential investor in Castle, whether a beginner or expert, Castle Biosciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Castle Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Castle. Basic forecasting techniques help filter out the noise by identifying Castle Biosciences' price trends.View Castle Biosciences Related Equities
| Risk & Return | Correlation |
Castle Biosciences Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Castle Biosciences' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Castle Biosciences' current price.| Cycle Indicators | ||
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Castle Biosciences Market Strength Events
Market strength indicators help investors to evaluate how Castle Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Castle Biosciences shares will generate the highest return on investment. By undertsting and applying Castle Biosciences stock market strength indicators, traders can identify Castle Biosciences entry and exit signals to maximize returns.
Castle Biosciences Risk Indicators
The analysis of Castle Biosciences' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Castle Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting castle stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.93 | |||
| Semi Deviation | 2.02 | |||
| Standard Deviation | 3.86 | |||
| Variance | 14.9 | |||
| Downside Variance | 5.61 | |||
| Semi Variance | 4.07 | |||
| Expected Short fall | (3.88) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Biotechnology 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 Castle Biosciences. If investors know Castle 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 Castle Biosciences 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 (0.93) | Earnings Share (0.12) | Revenue Per Share 10.554 | Quarterly Revenue Growth 0.735 | Return On Assets (0.02) |
The market value of Castle Biosciences is measured differently than its book value, which is the value of Castle that is recorded on the company's balance sheet. Investors also form their own opinion of Castle Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Castle Biosciences' 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 Castle Biosciences' market value can be influenced by many factors that don't directly affect Castle Biosciences' 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 Castle Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Castle Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castle Biosciences' 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.