Caredx Inc Stock Performance
| CDNA Stock | USD 28.70 0.85 3.05% |
Caredx holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.49, 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, Caredx will likely underperform. Use Caredx total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to analyze future returns on Caredx.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Caredx Inc are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite somewhat conflicting basic indicators, Caredx sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 3.05 | Five Day Return (3.98) | Year To Date Return 140.37 | Ten Year Return 260.55 | All Time Return 217.13 |
1 | Disposition of 183 shares by Jeffrey Novack of Caredx at 15.59 subject to Rule 16b-3 | 07/08/2024 |
2 | Disposition of 1690 shares by Alexander Johnson of Caredx at 18.09 subject to Rule 16b-3 | 07/19/2024 |
3 | Compared to Estimates, CareDx Q2 Earnings A Look at Key Metrics | 08/01/2024 |
4 | Disposition of 23548 shares by Alexander Johnson of Caredx at 33.52 subject to Rule 16b-3 | 08/19/2024 |
5 | Disposition of 26708 shares by Peter Maag of Caredx at 7.96 subject to Rule 16b-3 | 08/20/2024 |
6 | Disposition of 21557 shares by Alexander Johnson of Caredx at 23.48 subject to Rule 16b-3 | 08/21/2024 |
7 | CareDx Surged Due to Positive Testing Volume Growth | 08/26/2024 |
8 | CareDx, Inc Given Average Rating of Hold by Brokerages - MarketBeat | 09/03/2024 |
9 | Disposition of 13890 shares by Peter Maag of Caredx at 33.25 subject to Rule 16b-3 | 09/06/2024 |
10 | Disposition of 2807 shares by Abhishek Jain of Caredx at 27.43 subject to Rule 16b-3 | 09/09/2024 |
11 | CareDx Inc Shares Up 5.36 percent on Sep 10 | 09/10/2024 |
12 | CareDx names Keith Kennedy as COO | 09/12/2024 |
13 | CareDx Inc Trading Down 3.21 percent on Sep 23 | 09/23/2024 |
| Begin Period Cash Flow | 89.9 M |
Caredx |
Caredx Relative Risk vs. Return Landscape
If you would invest 1,439 in Caredx Inc on June 27, 2024 and sell it today you would earn a total of 1,431 from holding Caredx Inc or generate 99.44% return on investment over 90 days. Caredx Inc is currently generating 1.2383% in daily expected returns and assumes 5.0408% risk (volatility on return distribution) over the 90 days horizon. In different words, 44% of stocks are less volatile than Caredx, and 76% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Caredx Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caredx's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Caredx Inc, and traders can use it to determine the average amount a Caredx's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2457
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.04 actual daily | 44 56% of assets are more volatile |
Expected Return
| 1.24 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Caredx is performing at about 19% 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 Caredx by adding it to a well-diversified portfolio.
Caredx Fundamentals Growth
Caredx Stock prices reflect investors' perceptions of the future prospects and financial health of Caredx, and Caredx fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Caredx Stock performance.
| Return On Equity | -0.48 | ||||
| Return On Asset | -0.0981 | ||||
| Profit Margin | (0.54) % | ||||
| Operating Margin | (0.04) % | ||||
| Current Valuation | 1.27 B | ||||
| Shares Outstanding | 52.74 M | ||||
| Price To Earning | (4.25) X | ||||
| Price To Book | 5.55 X | ||||
| Price To Sales | 4.94 X | ||||
| Revenue | 280.32 M | ||||
| Gross Profit | 209.58 M | ||||
| EBITDA | (82.08 M) | ||||
| Net Income | (190.28 M) | ||||
| Cash And Equivalents | 306.22 M | ||||
| Cash Per Share | 5.73 X | ||||
| Total Debt | 34.22 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 5.15 X | ||||
| Book Value Per Share | 5.03 X | ||||
| Cash Flow From Operations | (18.39 M) | ||||
| Earnings Per Share | (2.98) X | ||||
| Market Capitalization | 1.47 B | ||||
| Total Asset | 484.62 M | ||||
| Retained Earnings | (678.27 M) | ||||
| Working Capital | 235.64 M | ||||
| Current Asset | 34.36 M | ||||
| Current Liabilities | 10.15 M | ||||
About Caredx Performance
By analyzing Caredx's fundamental ratios, stakeholders can gain valuable insights into Caredx's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Caredx has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Caredx has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 68.04 | 43.24 | |
| Return On Tangible Assets | (0.48) | (0.50) | |
| Return On Capital Employed | (0.25) | (0.26) | |
| Return On Assets | (0.39) | (0.41) | |
| Return On Equity | (0.73) | (0.69) |
Things to note about Caredx Inc performance evaluation
Checking the ongoing alerts about Caredx for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Caredx Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Caredx Inc is way too risky over 90 days horizon | |
| Caredx Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 280.32 M. Net Loss for the year was (190.28 M) with profit before overhead, payroll, taxes, and interest of 209.58 M. | |
| Caredx Inc currently holds about 306.22 M in cash with (18.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.73. | |
| Caredx Inc has a poor financial position based on the latest SEC disclosures | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: CareDx Inc Trading Down 3.21 percent on Sep 23 |
- Analyzing Caredx's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Caredx's stock is overvalued or undervalued compared to its peers.
- Examining Caredx's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Caredx's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Caredx's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Caredx's stock. These opinions can provide insight into Caredx's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Caredx Stock analysis
When running Caredx's price analysis, check to measure Caredx'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 Caredx is operating at the current time. Most of Caredx's value examination focuses on studying past and present price action to predict the probability of Caredx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caredx's price. Additionally, you may evaluate how the addition of Caredx to your portfolios can decrease your overall portfolio volatility.
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