PURETECH HEALTH (Germany) Market Value
| 0VQ Stock | EUR 1.74 0.04 2.35% |
| Symbol | PURETECH |
PURETECH HEALTH '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 PURETECH HEALTH'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 PURETECH HEALTH.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in PURETECH HEALTH on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding PURETECH HEALTH PLC or generate 0.0% return on investment in PURETECH HEALTH over 30 days. PURETECH HEALTH is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. PureTech Health plc, a clinical stage biotherapeutics company, discovers, develops, and commercializes medicines for inf... More
PURETECH HEALTH 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 PURETECH HEALTH'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 PURETECH HEALTH PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0039 | |||
| Maximum Drawdown | 16.53 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 5.15 |
PURETECH HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PURETECH HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PURETECH HEALTH's standard deviation. In reality, there are many statistical measures that can use PURETECH HEALTH historical prices to predict the future PURETECH HEALTH's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | (0.11) |
PURETECH HEALTH PLC Backtested Returns
PURETECH HEALTH PLC maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of standard deviation over the last 3 months. PURETECH HEALTH PLC exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PURETECH HEALTH's Market Risk Adjusted Performance of (0.1), risk adjusted performance of 0.0184, and Semi Deviation of 2.91 to confirm the risk estimate we provide. The company holds a Beta of -0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PURETECH HEALTH are expected to decrease at a much lower rate. During the bear market, PURETECH HEALTH is likely to outperform the market. At this point, PURETECH HEALTH PLC has a negative expected return of -0.0128%. Please make sure to check PURETECH HEALTH's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if PURETECH HEALTH PLC performance from the past will be repeated at some future point.
Auto-correlation | 0.78 |
Good predictability
PURETECH HEALTH PLC has good predictability. Overlapping area represents the amount of predictability between PURETECH HEALTH time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PURETECH HEALTH PLC price movement. The serial correlation of 0.78 indicates that around 78.0% of current PURETECH HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PURETECH HEALTH PLC lagged returns against current returns
Autocorrelation, which is PURETECH HEALTH 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 PURETECH HEALTH's stock expected returns. We can calculate the autocorrelation of PURETECH HEALTH returns to help us make a trade decision. For example, suppose you find that PURETECH HEALTH 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 |
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PURETECH HEALTH 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 PURETECH HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PURETECH HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PURETECH HEALTH stock over time.
Current vs Lagged Prices |
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PURETECH HEALTH Lagged Returns
When evaluating PURETECH HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PURETECH HEALTH stock have on its future price. PURETECH HEALTH 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, PURETECH HEALTH autocorrelation shows the relationship between PURETECH HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in PURETECH HEALTH PLC.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in PURETECH Stock
When determining whether PURETECH HEALTH PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PURETECH HEALTH's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Puretech Health Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Puretech Health Plc Stock:Check out PURETECH HEALTH Correlation, PURETECH HEALTH Volatility and PURETECH HEALTH Alpha and Beta module to complement your research on PURETECH HEALTH. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
PURETECH HEALTH 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.