Caredx Inc Stock Chance of Future Stock Price Finishing Under 21.17
| CDNA Stock | USD 20.55 0.15 0.74% |
Caredx |
Caredx Target Price Odds to finish below 21.17
The tendency of Caredx Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 21.17 after 90 days |
| 20.55 | 90 days | 21.17 | about 10.62 |
Based on a normal probability distribution, the odds of Caredx to stay under $ 21.17 after 90 days from now is about 10.62 (This Caredx Inc probability density function shows the probability of Caredx Stock to fall within a particular range of prices over 90 days) . Probability of Caredx Inc price to stay between its current price of $ 20.55 and $ 21.17 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days the stock has the beta coefficient of 1.31 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Caredx will likely underperform. Additionally Caredx Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Caredx Price Density |
| Price |
Predictive Modules for Caredx
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Caredx Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Caredx Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Caredx is not an exception. The market had few large corrections towards the Caredx's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Caredx Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Caredx within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | 1.31 | |
σ | Overall volatility | 3.36 | |
Ir | Information ratio | -0.13 |
Caredx Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Caredx for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Caredx Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Caredx Inc generated a negative expected return over the last 90 days | |
| Caredx Inc has high historical volatility and very poor performance | |
| 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 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: CareDx to Participate in the 43rd Annual J.P. Morgan Healthcare Conference |
Caredx Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Caredx Stock often depends not only on the future outlook of the current and potential Caredx's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Caredx's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 53.8 M | |
| Cash And Short Term Investments | 235.4 M |
Caredx Technical Analysis
Caredx's future price can be derived by breaking down and analyzing its technical indicators over time. Caredx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Caredx Inc. In general, you should focus on analyzing Caredx Stock price patterns and their correlations with different microeconomic environments and drivers.
Caredx Predictive Forecast Models
Caredx's time-series forecasting models is one of many Caredx's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Caredx's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Caredx Inc
Checking the ongoing alerts about Caredx for important developments is a great way to find new opportunities for your next move. Our 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 generated a negative expected return over the last 90 days | |
| Caredx Inc has high historical volatility and very poor performance | |
| 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 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: CareDx to Participate in the 43rd Annual J.P. Morgan Healthcare Conference |
Check out Caredx Backtesting, Caredx Valuation, Caredx Correlation, Caredx Hype Analysis, Caredx Volatility, Caredx History as well as Caredx Performance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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 Caredx. If investors know Caredx 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 Caredx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.69) | Revenue Per Share 5.952 | Quarterly Revenue Growth 0.234 | Return On Assets (0.07) | Return On Equity (0.43) |
The market value of Caredx Inc is measured differently than its book value, which is the value of Caredx that is recorded on the company's balance sheet. Investors also form their own opinion of Caredx's value that differs from its market value or its book value, called intrinsic value, which is Caredx'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 Caredx's market value can be influenced by many factors that don't directly affect Caredx'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 Caredx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caredx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caredx'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.