SHIP HEALTHCARE (Germany) Market Value
| 5EZ Stock | EUR 13.50 0.20 1.50% |
| Symbol | SHIP |
SHIP 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 SHIP 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 SHIP HEALTHCARE.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in SHIP HEALTHCARE on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SHIP HEALTHCARE HLDGINC or generate 0.0% return on investment in SHIP HEALTHCARE over 30 days. SHIP HEALTHCARE is related to or competes with ESSILORLUXOTTICA, and EssilorLuxottica. Ship Healthcare Holdings, Inc. engages in medical, healthcare, welfare, and nursing care businesses worldwide More
SHIP 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 SHIP 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 SHIP HEALTHCARE HLDGINC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.33 |
SHIP HEALTHCARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHIP HEALTHCARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHIP HEALTHCARE's standard deviation. In reality, there are many statistical measures that can use SHIP HEALTHCARE historical prices to predict the future SHIP HEALTHCARE's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1306 |
SHIP HEALTHCARE HLDGINC Backtested Returns
At this point, SHIP HEALTHCARE is not too volatile. SHIP HEALTHCARE HLDGINC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0527, which indicates the firm had a 0.0527% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for SHIP HEALTHCARE HLDGINC, which you can use to evaluate the volatility of the company. Please validate SHIP HEALTHCARE's risk adjusted performance of 0.0277, and Coefficient Of Variation of 3373.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.0805%. SHIP HEALTHCARE has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SHIP HEALTHCARE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHIP HEALTHCARE is expected to be smaller as well. SHIP HEALTHCARE HLDGINC currently has a risk of 1.53%. Please validate SHIP HEALTHCARE semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if SHIP HEALTHCARE will be following its existing price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
SHIP HEALTHCARE HLDGINC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SHIP HEALTHCARE time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 SHIP HEALTHCARE HLDGINC price movement. The serial correlation of -0.72 indicates that around 72.0% of current SHIP HEALTHCARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
SHIP HEALTHCARE HLDGINC lagged returns against current returns
Autocorrelation, which is SHIP 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 SHIP HEALTHCARE's stock expected returns. We can calculate the autocorrelation of SHIP HEALTHCARE returns to help us make a trade decision. For example, suppose you find that SHIP 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 |
SHIP 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 SHIP HEALTHCARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHIP HEALTHCARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHIP HEALTHCARE stock over time.
Current vs Lagged Prices |
| Timeline |
SHIP HEALTHCARE Lagged Returns
When evaluating SHIP HEALTHCARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHIP HEALTHCARE stock have on its future price. SHIP 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, SHIP HEALTHCARE autocorrelation shows the relationship between SHIP HEALTHCARE stock current value and its past values and can show if there is a momentum factor associated with investing in SHIP HEALTHCARE HLDGINC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SHIP Stock
SHIP HEALTHCARE financial ratios help investors to determine whether SHIP 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 SHIP with respect to the benefits of owning SHIP HEALTHCARE security.