Healthcare (China) Market Value
| 603313 Stock | 7.39 0.34 4.40% |
| Symbol | Healthcare |
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 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 Healthcare.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Healthcare on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Healthcare Co or generate 0.0% return on investment in Healthcare over 180 days. Healthcare is related to or competes with Lutian Machinery, China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and Huaneng Lancang. Healthcare is entity of China. It is traded as Stock on SHG exchange. More
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 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 Healthcare Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.1165 | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 5.5 |
Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare's standard deviation. In reality, there are many statistical measures that can use Healthcare historical prices to predict the future Healthcare's volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 0.4243 | |||
| Total Risk Alpha | 0.175 | |||
| Sortino Ratio | 0.1344 | |||
| Treynor Ratio | 6.72 |
Healthcare Backtested Returns
Healthcare appears to be slightly risky, given 3 months investment horizon. Healthcare holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. By evaluating Healthcare's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Healthcare's risk adjusted performance of 0.1076, and Market Risk Adjusted Performance of 6.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthcare holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0637, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Healthcare is expected to be smaller as well. Please check Healthcare's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Healthcare's current trending patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Healthcare Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Healthcare time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 price movement. The serial correlation of -0.74 indicates that around 74.0% of current Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Healthcare lagged returns against current returns
Autocorrelation, which is 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 Healthcare's stock expected returns. We can calculate the autocorrelation of Healthcare returns to help us make a trade decision. For example, suppose you find that 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 |
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 Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Lagged Returns
When evaluating Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare stock have on its future price. 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, Healthcare autocorrelation shows the relationship between Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Healthcare Stock
Healthcare 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 security.