NIGHTINGALE HEALTH (Germany) Market Value
| 7XE Stock | EUR 3.00 0.12 4.17% |
| Symbol | NIGHTINGALE |
NIGHTINGALE 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 NIGHTINGALE 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 NIGHTINGALE HEALTH.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in NIGHTINGALE HEALTH on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding NIGHTINGALE HEALTH EO or generate 0.0% return on investment in NIGHTINGALE HEALTH over 60 days. NIGHTINGALE HEALTH is related to or competes with Evolent Health, CompuGroup Medical, Compugroup Medical, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Nightingale Health Ltd. offers a health data platform that detects disease risks More
NIGHTINGALE 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 NIGHTINGALE 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 NIGHTINGALE HEALTH EO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.64 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.98 |
NIGHTINGALE HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIGHTINGALE HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIGHTINGALE HEALTH's standard deviation. In reality, there are many statistical measures that can use NIGHTINGALE HEALTH historical prices to predict the future NIGHTINGALE HEALTH's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.14) |
NIGHTINGALE HEALTH Backtested Returns
NIGHTINGALE HEALTH has Sharpe Ratio of -0.0461, which conveys that the firm had a -0.0461% return per unit of risk over the last 3 months. NIGHTINGALE HEALTH exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIGHTINGALE HEALTH's risk adjusted performance of (0.01), and Mean Deviation of 2.12 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NIGHTINGALE HEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding NIGHTINGALE HEALTH is expected to be smaller as well. At this point, NIGHTINGALE HEALTH has a negative expected return of -0.14%. Please make sure to verify NIGHTINGALE HEALTH's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if NIGHTINGALE HEALTH performance from the past will be repeated in the future.
Auto-correlation | 0.19 |
Very weak predictability
NIGHTINGALE HEALTH EO has very weak predictability. Overlapping area represents the amount of predictability between NIGHTINGALE HEALTH time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 NIGHTINGALE HEALTH price movement. The serial correlation of 0.19 indicates that over 19.0% of current NIGHTINGALE HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NIGHTINGALE HEALTH lagged returns against current returns
Autocorrelation, which is NIGHTINGALE 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 NIGHTINGALE HEALTH's stock expected returns. We can calculate the autocorrelation of NIGHTINGALE HEALTH returns to help us make a trade decision. For example, suppose you find that NIGHTINGALE 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 |
| Timeline |
NIGHTINGALE 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 NIGHTINGALE HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIGHTINGALE HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIGHTINGALE HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
NIGHTINGALE HEALTH Lagged Returns
When evaluating NIGHTINGALE HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIGHTINGALE HEALTH stock have on its future price. NIGHTINGALE 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, NIGHTINGALE HEALTH autocorrelation shows the relationship between NIGHTINGALE HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in NIGHTINGALE HEALTH EO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NIGHTINGALE Stock
NIGHTINGALE HEALTH financial ratios help investors to determine whether NIGHTINGALE 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 NIGHTINGALE with respect to the benefits of owning NIGHTINGALE HEALTH security.