HEALTHCARE TRPFD (Germany) Market Value
| 4ON Stock | 13.00 0.40 3.17% |
| Symbol | HEALTHCARE |
HEALTHCARE TRPFD '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 HEALTHCARE TRPFD'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 HEALTHCARE TRPFD.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in HEALTHCARE TRPFD on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding HEALTHCARE TRPFD SH or generate 0.0% return on investment in HEALTHCARE TRPFD over 720 days. HEALTHCARE TRPFD is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
HEALTHCARE TRPFD 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 HEALTHCARE TRPFD'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 HEALTHCARE TRPFD SH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0121 | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.92 |
HEALTHCARE TRPFD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTHCARE TRPFD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTHCARE TRPFD's standard deviation. In reality, there are many statistical measures that can use HEALTHCARE TRPFD historical prices to predict the future HEALTHCARE TRPFD's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.0487 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0101 | |||
| Treynor Ratio | 0.2119 |
HEALTHCARE TRPFD Backtested Returns
HEALTHCARE TRPFD retains Efficiency (Sharpe Ratio) of -0.0171, which attests that the entity had a -0.0171% return per unit of risk over the last 3 months. HEALTHCARE TRPFD exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEALTHCARE TRPFD's Market Risk Adjusted Performance of 0.2219, coefficient of variation of 2834.81, and Semi Deviation of 1.78 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEALTHCARE TRPFD's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEALTHCARE TRPFD is expected to be smaller as well. At this point, HEALTHCARE TRPFD has a negative expected return of -0.0339%. Please make sure to check out HEALTHCARE TRPFD's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if HEALTHCARE TRPFD performance from the past will be repeated at some future date.
Auto-correlation | -0.39 |
Poor reverse predictability
HEALTHCARE TRPFD SH has poor reverse predictability. Overlapping area represents the amount of predictability between HEALTHCARE TRPFD time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 HEALTHCARE TRPFD price movement. The serial correlation of -0.39 indicates that just about 39.0% of current HEALTHCARE TRPFD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
HEALTHCARE TRPFD lagged returns against current returns
Autocorrelation, which is HEALTHCARE TRPFD 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 HEALTHCARE TRPFD's stock expected returns. We can calculate the autocorrelation of HEALTHCARE TRPFD returns to help us make a trade decision. For example, suppose you find that HEALTHCARE TRPFD 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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HEALTHCARE TRPFD 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 HEALTHCARE TRPFD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTHCARE TRPFD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTHCARE TRPFD stock over time.
Current vs Lagged Prices |
| Timeline |
HEALTHCARE TRPFD Lagged Returns
When evaluating HEALTHCARE TRPFD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTHCARE TRPFD stock have on its future price. HEALTHCARE TRPFD 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, HEALTHCARE TRPFD autocorrelation shows the relationship between HEALTHCARE TRPFD stock current value and its past values and can show if there is a momentum factor associated with investing in HEALTHCARE TRPFD SH.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in HEALTHCARE Stock
HEALTHCARE TRPFD financial ratios help investors to determine whether HEALTHCARE 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 HEALTHCARE with respect to the benefits of owning HEALTHCARE TRPFD security.