Chembio Stock Market Value

CEMI
 Stock
  

USD 1.10  0.02  1.85%   

Chembio Diagnostics' market value is the price at which a share of Chembio Diagnostics stock trades on a public exchange. It measures the collective expectations of Chembio Diagnostics investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Chembio Diagnostics and determine expected loss or profit from investing in Chembio Diagnostics over a given investment horizon. Continue to Chembio Diagnostics Hype Analysis, Chembio Diagnostics Correlation, Chembio Diagnostics Valuation, Chembio Diagnostics Volatility, as well as analyze Chembio Diagnostics Alpha and Beta and Chembio Diagnostics Performance.
Symbol


Is Chembio Diagnostics' industry 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 Chembio Diagnostics. If investors know Chembio 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 Chembio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
33.2 M
Quarterly Revenue Growth YOY
1.16
Return On Assets
-0.26
Return On Equity
-1.53
The market value of Chembio Diagnostics is measured differently than its book value, which is the value of Chembio that is recorded on the company's balance sheet. Investors also form their own opinion of Chembio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Chembio Diagnostics' 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 Chembio Diagnostics' market value can be influenced by many factors that don't directly affect Chembio Diagnostics' 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 Chembio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Chembio Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chembio Diagnostics' 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.

Chembio Diagnostics '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 Chembio Diagnostics' 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 Chembio Diagnostics.
0.00
08/17/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/07/2022
0.00
If you would invest  0.00  in Chembio Diagnostics on August 17, 2020 and sell it all today you would earn a total of 0.00 from holding Chembio Diagnostics or generate 0.0% return on investment in Chembio Diagnostics over 720 days. Chembio Diagnostics is related to or competes with Agilent Technologies, Starbucks Corp, International Business, Johnson Johnson, B of A, Boeing, and Cisco Systems. Chembio Diagnostics, Inc., together with its subsidiaries, develops, manufactures, and commercializes point-of-care diag...More

Chembio Diagnostics 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 Chembio Diagnostics' 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 Chembio Diagnostics upside and downside potential and time the market with a certain degree of confidence.

Chembio Diagnostics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chembio Diagnostics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chembio Diagnostics' standard deviation. In reality, there are many statistical measures that can use Chembio Diagnostics historical prices to predict the future Chembio Diagnostics' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chembio Diagnostics' 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. Please use the tools below to analyze the current value of Chembio Diagnostics in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.051.079.22
Details
Intrinsic
Valuation
LowReal ValueHigh
0.040.778.92
Details
Naive
Forecast
LowNext ValueHigh
0.0249191.259.39
Details
Earnings
Estimates (1)
LowProjected EPSHigh
-1.04-1.04-1.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chembio Diagnostics. Your research has to be compared to or analyzed against Chembio Diagnostics' peers to derive any actionable benefits. When done correctly, Chembio Diagnostics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chembio Diagnostics.

Chembio Diagnostics Backtested Returns

Chembio Diagnostics is out of control given 3 months investment horizon. Chembio Diagnostics secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had 0.18% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the risk of a stock is to use both market data as well as company specific technical data. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.49% are justified by taking the suggested risk. Use Chembio Diagnostics risk adjusted performance of 0.2206, and Mean Deviation of 5.55 to evaluate company specific risk that cannot be diversified away.
Chembio Diagnostics holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.0468, which signifies a somewhat significant risk relative to the market. Let's try to break down what Chembio's beta means in this case. Chembio Diagnostics returns are very sensitive to returns on the market. As the market goes up or down, Chembio Diagnostics is expected to follow. Although it is vital to follow Chembio Diagnostics historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. Our philosophy in foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Chembio Diagnostics expected return of 1.49 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Chembio Diagnostics coefficient of variation, potential upside, rate of daily change, as well as the relationship between the sortino ratio and skewness to analyze future returns on Chembio Diagnostics.

Auto-correlation

    
  0.30  

Below average predictability

Chembio Diagnostics has below average predictability. Overlapping area represents the amount of predictability between Chembio Diagnostics time series from 17th of August 2020 to 12th of August 2021 and 12th of August 2021 to 7th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chembio Diagnostics price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Chembio Diagnostics price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.53
Residual Average0.0
Price Variance0.58

Chembio Diagnostics lagged returns against current returns

Autocorrelation, which is Chembio Diagnostics 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 Chembio Diagnostics' stock expected returns. We can calculate the autocorrelation of Chembio Diagnostics returns to help us make a trade decision. For example, suppose you find that Chembio Diagnostics stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Chembio Diagnostics 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 Chembio Diagnostics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chembio Diagnostics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chembio Diagnostics stock over time.
   Current vs Lagged Prices   
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       Timeline  

Chembio Diagnostics Lagged Returns

When evaluating Chembio Diagnostics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chembio Diagnostics stock have on its future price. Chembio Diagnostics 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, Chembio Diagnostics autocorrelation shows the relationship between Chembio Diagnostics stock current value and its past values and can show if there is a momentum factor associated with investing in Chembio Diagnostics.
   Regressed Prices   
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       Timeline  

Chembio Diagnostics Investors Sentiment

The influence of Chembio Diagnostics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chembio. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Chembio Diagnostics Implied Volatility

    
  309.72  
Chembio Diagnostics' implied volatility exposes the market's sentiment of Chembio Diagnostics stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chembio Diagnostics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Chembio Diagnostics stock will not fluctuate a lot when Chembio Diagnostics' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chembio Diagnostics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chembio Diagnostics' short interest history, or implied volatility extrapolated from Chembio Diagnostics options trading.

Pair Trading with Chembio Diagnostics

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 Chembio Diagnostics 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 Chembio Diagnostics will appreciate offsetting losses from the drop in the long position's value.

Moving against Chembio Diagnostics

0.62ABCAmerisourcebergen Corp Fiscal Year End 3rd of November 2022 PairCorr
0.6AIMAim Immunotech Earnings Call  This WeekPairCorr
The ability to find closely correlated positions to Chembio Diagnostics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chembio Diagnostics 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 Chembio Diagnostics - 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 Chembio Diagnostics to buy it.
The correlation of Chembio Diagnostics is a statistical measure of how it moves in relation to other equities. 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 Chembio Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chembio Diagnostics 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 Chembio Diagnostics 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.
Pair CorrelationCorrelation Matching
Continue to Chembio Diagnostics Hype Analysis, Chembio Diagnostics Correlation, Chembio Diagnostics Valuation, Chembio Diagnostics Volatility, as well as analyze Chembio Diagnostics Alpha and Beta and Chembio Diagnostics Performance. Note that the Chembio Diagnostics information on this page should be used as a complementary analysis to other Chembio Diagnostics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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When running Chembio Diagnostics price analysis, check to measure Chembio Diagnostics' 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 Chembio Diagnostics is operating at the current time. Most of Chembio Diagnostics' value examination focuses on studying past and present price action to predict the probability of Chembio Diagnostics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chembio Diagnostics' price. Additionally, you may evaluate how the addition of Chembio Diagnostics to your portfolios can decrease your overall portfolio volatility.
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Chembio Diagnostics 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.
A focus of Chembio Diagnostics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chembio Diagnostics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...