Castle Biosciences Stock Price on October 16, 2024
| CSTL Stock | USD 32.26 0.39 1.22% |
If you're considering investing in Castle Stock, it is important to understand the factors that can impact its price. As of today, the current price of Castle Biosciences stands at 32.26, as last reported on the 22nd of October, with the highest price reaching 32.91 and the lowest price hitting 31.62 during the day. Castle Biosciences appears to be very steady, given 3 months investment horizon. Castle Biosciences secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Castle Biosciences' technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Castle Biosciences' Mean Deviation of 2.97, downside deviation of 2.37, and Risk Adjusted Performance of 0.1759 to double-check if our risk estimates are consistent with your expectations.
Castle Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Castle |
Sharpe Ratio = 0.2138
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Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Castle Biosciences is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Castle Biosciences by adding it to a well-diversified portfolio.
Castle Biosciences Valuation on October 16, 2024
It is possible to determine the worth of Castle Biosciences on a given historical date. On October 16, 2024 Castle was worth 33.71 at the beginning of the trading date compared to the closed value of 33.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Castle Biosciences stock. Still, in general, we apply an absolute valuation method to find Castle Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Castle Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Castle Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 34.37 | 34.50 | 33.33 | 33.48 | 1,029,578 | |
10/16/2024 | 33.71 | 34.12 | 33.03 | 33.77 | 428,384 |
| 33.68 | 33.68 | 32.32 | 33.06 | 411,574 |
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Castle Biosciences Trading Date Momentum on October 16, 2024
| On October 17 2024 Castle Biosciences was traded for 33.06 at the closing time. The top price for the day was 33.68 and the lowest listed price was 32.32 . The trading volume for the day was 411.6 K. The trading history from October 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.10% . The overall trading delta against the current closing price is 6.37% . |
Castle Biosciences Fundamentals Correlations and Trends
By evaluating Castle Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Castle Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Castle financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Castle Biosciences Stock history
Castle Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Castle is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Castle Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Castle Biosciences stock prices may prove useful in developing a viable investing in Castle Biosciences
Castle Biosciences, Inc., a commercial-stage diagnostics company, focuses to provide diagnostic and prognostic testing services for dermatological cancers. The company was founded in 2007 and is headquartered in Friendswood, Texas. Castle Biosciences operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 482 people.
Castle Biosciences Stock Technical Analysis
Castle Biosciences 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.
Price Boundaries
Castle Biosciences Period Price Range
Low | October 22, 2024
| High |
0.00 | 0.00 |
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Castle Biosciences October 22, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Castle Biosciences' price direction in advance. Along with the technical and fundamental analysis of Castle Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Castle to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1759 | |||
| Jensen Alpha | 0.6554 | |||
| Total Risk Alpha | 0.4049 | |||
| Sortino Ratio | 0.3115 | |||
| Treynor Ratio | 0.4125 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castle Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Castle Stock please use our How to buy in Castle Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Healthcare 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.
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.