Modivcare Stock Market Value
| MODV Stock | USD 0.99 0.14 12.39% |
| Symbol | ModivCare |
ModivCare Price To Book Ratio
Is Health Care Providers & Services 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 ModivCare. If investors know ModivCare 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 ModivCare 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 (0.75) | Earnings Share (14.14) | Revenue Per Share | Return On Assets | Return On Equity |
The market value of ModivCare is measured differently than its book value, which is the value of ModivCare that is recorded on the company's balance sheet. Investors also form their own opinion of ModivCare's value that differs from its market value or its book value, called intrinsic value, which is ModivCare'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 ModivCare's market value can be influenced by many factors that don't directly affect ModivCare'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 ModivCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if ModivCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ModivCare'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.
ModivCare '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 ModivCare'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 ModivCare.
| 01/20/2025 |
| 04/20/2025 |
If you would invest 0.00 in ModivCare on January 20, 2025 and sell it all today you would earn a total of 0.00 from holding ModivCare or generate 0.0% return on investment in ModivCare over 90 days. ModivCare is related to or competes with Ensign, Select Medical, Encompass Health, InnovAge Holding, Enhabit, Pennant, and Concord Medical. ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutio... More
ModivCare 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 ModivCare'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 ModivCare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 47.54 | |||
| Value At Risk | (13.55) | |||
| Potential Upside | 18.75 |
ModivCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ModivCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ModivCare's standard deviation. In reality, there are many statistical measures that can use ModivCare historical prices to predict the future ModivCare's volatility.| Risk Adjusted Performance | (0.37) | |||
| Jensen Alpha | (2.00) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (1.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ModivCare'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.
ModivCare Backtested Returns
ModivCare has Sharpe Ratio of -0.27, which conveys that the firm had a -0.27 % return per unit of risk over the last 3 months. ModivCare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify ModivCare's Mean Deviation of 7.01, standard deviation of 9.41, and Risk Adjusted Performance of (0.37) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.09, which conveys 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, ModivCare will likely underperform. At this point, ModivCare has a negative expected return of -2.41%. Please make sure to verify ModivCare's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if ModivCare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
ModivCare has weak predictability. Overlapping area represents the amount of predictability between ModivCare time series from 20th of January 2025 to 6th of March 2025 and 6th of March 2025 to 20th of April 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 ModivCare price movement. The serial correlation of 0.21 indicates that over 21.0% of current ModivCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
ModivCare lagged returns against current returns
Autocorrelation, which is ModivCare 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 ModivCare's stock expected returns. We can calculate the autocorrelation of ModivCare returns to help us make a trade decision. For example, suppose you find that ModivCare 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 |
ModivCare 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 ModivCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ModivCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ModivCare stock over time.
Current vs Lagged Prices |
| Timeline |
ModivCare Lagged Returns
When evaluating ModivCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ModivCare stock have on its future price. ModivCare 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, ModivCare autocorrelation shows the relationship between ModivCare stock current value and its past values and can show if there is a momentum factor associated with investing in ModivCare.
Regressed Prices |
| Timeline |
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Additional Tools for ModivCare Stock Analysis
When running ModivCare's price analysis, check to measure ModivCare'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 ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.