Caretrust Reit Stock Market Value
| CTRE Stock | USD 29.79 0.12 0.40% |
| Symbol | CareTrust |
CareTrust REIT Price To Book Ratio
Is Diversified REITs 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 CareTrust REIT. If investors know CareTrust 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 CareTrust REIT 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 1.614 | Dividend Share 1.15 | Earnings Share 0.73 | Revenue Per Share 1.926 | Quarterly Revenue Growth 0.385 |
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT'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 CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT'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 CareTrust REIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT'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.
CareTrust REIT '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 CareTrust REIT'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 CareTrust REIT.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CareTrust REIT on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CareTrust REIT or generate 0.0% return on investment in CareTrust REIT over 540 days. CareTrust REIT is related to or competes with LTC Properties, Omega Healthcare, Ventas, and Community Healthcare. CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acqu... More
CareTrust REIT 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 CareTrust REIT'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 CareTrust REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.06 |
CareTrust REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareTrust REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareTrust REIT's standard deviation. In reality, there are many statistical measures that can use CareTrust REIT historical prices to predict the future CareTrust REIT's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.0856 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.08) |
CareTrust REIT Backtested Returns
At this point, CareTrust REIT is very steady. CareTrust REIT secures Sharpe Ratio (or Efficiency) of 0.0337, which signifies that the company had a 0.0337% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CareTrust REIT, which you can use to evaluate the volatility of the firm. Please confirm CareTrust REIT's Downside Deviation of 1.34, mean deviation of 0.9926, and Risk Adjusted Performance of 0.0297 to double-check if the risk estimate we provide is consistent with the expected return of 0.0464%. CareTrust REIT has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CareTrust REIT are expected to decrease at a much lower rate. During the bear market, CareTrust REIT is likely to outperform the market. CareTrust REIT right now shows a risk of 1.38%. Please confirm CareTrust REIT treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if CareTrust REIT will be following its price patterns.
Auto-correlation | 0.83 |
Very good predictability
CareTrust REIT has very good predictability. Overlapping area represents the amount of predictability between CareTrust REIT time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CareTrust REIT price movement. The serial correlation of 0.83 indicates that around 83.0% of current CareTrust REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 8.91 |
CareTrust REIT lagged returns against current returns
Autocorrelation, which is CareTrust REIT 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 CareTrust REIT's stock expected returns. We can calculate the autocorrelation of CareTrust REIT returns to help us make a trade decision. For example, suppose you find that CareTrust REIT 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 |
CareTrust REIT 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 CareTrust REIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareTrust REIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareTrust REIT stock over time.
Current vs Lagged Prices |
| Timeline |
CareTrust REIT Lagged Returns
When evaluating CareTrust REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareTrust REIT stock have on its future price. CareTrust REIT 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, CareTrust REIT autocorrelation shows the relationship between CareTrust REIT stock current value and its past values and can show if there is a momentum factor associated with investing in CareTrust REIT.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether CareTrust REIT is a strong investment it is important to analyze CareTrust REIT's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CareTrust REIT's future performance. For an informed investment choice regarding CareTrust Stock, refer to the following important reports:Check out CareTrust REIT Correlation, CareTrust REIT Volatility and CareTrust REIT Alpha and Beta module to complement your research on CareTrust REIT. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
CareTrust REIT 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.