Chembio Stock Market Value

CEMI -  USA Stock  

USD 0.64  0.02  3.03%

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.
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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.
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
11/23/2021
No Change 0.00  0.0 
In 5 months and 30 days
05/22/2022
0.00
If you would invest  0.00  in Chembio Diagnostics on November 23, 2021 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 180 days. Chembio Diagnostics is related to or competes with Agilent Technologies, Burning Rock, Bioventus Inc, Charles River, Quest Diagnostics, Danaher Corp, and Global Cord. Chembio Diagnostics, Inc., together with its subsidiaries, develops, manufactures, and commercializes point-of-care diag...

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
0.030.666.82
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Intrinsic
Valuation
LowReal ValueHigh
0.030.576.73
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Naive
Forecast
LowNext ValueHigh
0.0137020.696.84
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Earnings
Estimates (1)
LowProjected EPSHigh
-1.04-1.04-1.04
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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 secures Sharpe Ratio (or Efficiency) of -0.0651, which signifies that the company had -0.0651% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Chembio Diagnostics exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chembio Diagnostics risk adjusted performance of (0.12), and Mean Deviation of 4.24 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.6523, which signifies a somewhat significant risk relative to the market. Let's try to break down what Chembio's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chembio Diagnostics will likely underperform. Even though it is essential to pay attention to Chembio Diagnostics historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Chembio Diagnostics exposes twenty-one different technical indicators, which can help you to evaluate its performance. Chembio Diagnostics has an expected return of -0.4%. Please be advised to confirm Chembio Diagnostics coefficient of variation and the relationship between the jensen alpha and skewness to decide if Chembio Diagnostics performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.71  

Good predictability

Chembio Diagnostics has good predictability. Overlapping area represents the amount of predictability between Chembio Diagnostics time series from 23rd of November 2021 to 21st of February 2022 and 21st of February 2022 to 22nd of May 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 0.71 indicates that around 71.0% of current Chembio Diagnostics price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.66
Residual Average0.0
Price Variance0.02

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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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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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 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chembio Diagnostics without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Volatility Analysis

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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.

Chembio Diagnostics Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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...