Humanwell Healthcare (China) Market Value
| 600079 Stock | 22.22 0.31 1.38% |
| Symbol | Humanwell |
Humanwell 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 Humanwell 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 Humanwell Healthcare.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Humanwell Healthcare on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Humanwell Healthcare Group or generate 0.0% return on investment in Humanwell Healthcare over 90 days. Humanwell Healthcare is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Humanwell Healthcare is entity of China. It is traded as Stock on SHG exchange. More
Humanwell 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 Humanwell 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 Humanwell Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0242 | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 6.09 |
Humanwell Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humanwell Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humanwell Healthcare's standard deviation. In reality, there are many statistical measures that can use Humanwell Healthcare historical prices to predict the future Humanwell Healthcare's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | 0.21 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | (2.33) |
Humanwell Healthcare Backtested Returns
Humanwell Healthcare appears to be not too volatile, given 3 months investment horizon. Humanwell Healthcare holds Efficiency (Sharpe) Ratio of 0.0646, which attests that the entity had a 0.0646% return per unit of risk over the last 3 months. We have found thirty technical indicators for Humanwell Healthcare, which you can use to evaluate the volatility of the firm. Please utilize Humanwell Healthcare's Market Risk Adjusted Performance of (2.32), downside deviation of 2.59, and Risk Adjusted Performance of 0.0615 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Humanwell Healthcare holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.0853, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Humanwell Healthcare are expected to decrease at a much lower rate. During the bear market, Humanwell Healthcare is likely to outperform the market. Please check Humanwell Healthcare's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Humanwell Healthcare's current trending patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Humanwell Healthcare Group has good predictability. Overlapping area represents the amount of predictability between Humanwell Healthcare time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Humanwell Healthcare price movement. The serial correlation of 0.7 indicates that around 70.0% of current Humanwell Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Humanwell Healthcare lagged returns against current returns
Autocorrelation, which is Humanwell 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 Humanwell Healthcare's stock expected returns. We can calculate the autocorrelation of Humanwell Healthcare returns to help us make a trade decision. For example, suppose you find that Humanwell 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 |
Humanwell 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 Humanwell Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humanwell Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humanwell Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Humanwell Healthcare Lagged Returns
When evaluating Humanwell Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humanwell Healthcare stock have on its future price. Humanwell 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, Humanwell Healthcare autocorrelation shows the relationship between Humanwell Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Humanwell Healthcare Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Humanwell Stock
Humanwell Healthcare financial ratios help investors to determine whether Humanwell 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 Humanwell with respect to the benefits of owning Humanwell Healthcare security.