Infinitt Healthcare (Korea) Market Value
| 071200 Stock | 4,500 110.00 2.39% |
| Symbol | Infinitt |
Infinitt Healthcare '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 Infinitt Healthcare'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 Infinitt Healthcare.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Infinitt Healthcare on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Infinitt Healthcare Co or generate 0.0% return on investment in Infinitt Healthcare over 210 days. Infinitt Healthcare is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Infinitt Healthcare 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 Infinitt Healthcare'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 Infinitt Healthcare Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.78 |
Infinitt Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Infinitt Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Infinitt Healthcare's standard deviation. In reality, there are many statistical measures that can use Infinitt Healthcare historical prices to predict the future Infinitt Healthcare's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.43) |
Infinitt Healthcare Backtested Returns
At this point, Infinitt Healthcare is very steady. Infinitt Healthcare holds Efficiency (Sharpe) Ratio of 0.0205, which attests that the entity had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Infinitt Healthcare, which you can use to evaluate the volatility of the firm. Please check out Infinitt Healthcare's Downside Deviation of 1.77, market risk adjusted performance of (0.42), and Risk Adjusted Performance of 0.0077 to validate if the risk estimate we provide is consistent with the expected return of 0.0362%. Infinitt Healthcare has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.012, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Infinitt Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Infinitt Healthcare is expected to be smaller as well. Infinitt Healthcare right now retains a risk of 1.77%. Please check out Infinitt Healthcare semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Infinitt Healthcare will be following its current trending patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Infinitt Healthcare Co has poor reverse predictability. Overlapping area represents the amount of predictability between Infinitt Healthcare time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Infinitt Healthcare price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Infinitt Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 17.6 K |
Infinitt Healthcare lagged returns against current returns
Autocorrelation, which is Infinitt Healthcare 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 Infinitt Healthcare's stock expected returns. We can calculate the autocorrelation of Infinitt Healthcare returns to help us make a trade decision. For example, suppose you find that Infinitt Healthcare 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 |
Infinitt Healthcare 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 Infinitt Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Infinitt Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Infinitt Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Infinitt Healthcare Lagged Returns
When evaluating Infinitt Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Infinitt Healthcare stock have on its future price. Infinitt Healthcare 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, Infinitt Healthcare autocorrelation shows the relationship between Infinitt Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Infinitt Healthcare Co.
Regressed Prices |
| Timeline |
Pair Trading with Infinitt Healthcare
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 Infinitt Healthcare 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 Infinitt Healthcare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Infinitt Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infinitt Healthcare 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 Infinitt Healthcare - 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 Infinitt Healthcare Co to buy it.
The correlation of Infinitt Healthcare 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 Infinitt Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Infinitt Healthcare 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 Infinitt Healthcare 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 Infinitt Stock
Infinitt Healthcare financial ratios help investors to determine whether Infinitt 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 Infinitt with respect to the benefits of owning Infinitt Healthcare security.