Carerx Corp Stock Market Value
| CRRX Stock | CAD 2.92 0.11 3.91% |
| Symbol | CareRx |
CareRx Corp Price To Book Ratio
CareRx Corp '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 CareRx Corp'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 CareRx Corp.
| 06/21/2025 |
| 07/21/2025 |
If you would invest 0.00 in CareRx Corp on June 21, 2025 and sell it all today you would earn a total of 0.00 from holding CareRx Corp or generate 0.0% return on investment in CareRx Corp over 30 days. CareRx Corp is related to or competes with Baylin Technologies, Dentalcorp Holdings, Medical Facilities, D2L, Nova Leap, and Velan. CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada More
CareRx Corp 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 CareRx Corp'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 CareRx Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.31 |
CareRx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareRx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareRx Corp's standard deviation. In reality, there are many statistical measures that can use CareRx Corp historical prices to predict the future CareRx Corp's volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.934 |
CareRx Corp Backtested Returns
As of now, CareRx Stock is slightly risky. CareRx Corp secures Sharpe Ratio (or Efficiency) of 0.0617, which signifies that the company had a 0.0617 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CareRx Corp, which you can use to evaluate the volatility of the firm. Please confirm CareRx Corp's Mean Deviation of 1.33, risk adjusted performance of 0.076, and Downside Deviation of 1.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. CareRx Corp has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CareRx Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareRx Corp is expected to be smaller as well. CareRx Corp right now shows a risk of 1.75%. Please confirm CareRx Corp jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if CareRx Corp will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
CareRx Corp has modest predictability. Overlapping area represents the amount of predictability between CareRx Corp time series from 21st of June 2025 to 6th of July 2025 and 6th of July 2025 to 21st of July 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 CareRx Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current CareRx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CareRx Corp lagged returns against current returns
Autocorrelation, which is CareRx Corp 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 CareRx Corp's stock expected returns. We can calculate the autocorrelation of CareRx Corp returns to help us make a trade decision. For example, suppose you find that CareRx Corp 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 |
CareRx Corp 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 CareRx Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareRx Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareRx Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CareRx Corp Lagged Returns
When evaluating CareRx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareRx Corp stock have on its future price. CareRx Corp 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, CareRx Corp autocorrelation shows the relationship between CareRx Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CareRx Corp.
Regressed Prices |
| Timeline |
Pair Trading with CareRx Corp
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 CareRx Corp 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 CareRx Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with CareRx Stock
| 0.73 | AMZN | Amazon CDR | PairCorr |
| 0.7 | GOOG | Alphabet CDR | PairCorr |
| 0.71 | MSFT | Microsoft Corp CDR Earnings Call This Week | PairCorr |
Moving against CareRx Stock
The ability to find closely correlated positions to CareRx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRx Corp 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 CareRx Corp - 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 CareRx Corp to buy it.
The correlation of CareRx Corp 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 CareRx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRx Corp 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 CareRx Corp 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.Other Information on Investing in CareRx Stock
CareRx Corp financial ratios help investors to determine whether CareRx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareRx with respect to the benefits of owning CareRx Corp security.