Healwell Ai Stock Market Value
| AIDX Stock | 2.00 0.10 5.26% |
| Symbol | HealWELL |
HealWELL AI Price To Book Ratio
HealWELL '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 HealWELL'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 HealWELL.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in HealWELL on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding HealWELL AI or generate 0.0% return on investment in HealWELL over 30 days. HealWELL is related to or competes with Dentalcorp Holdings, WELL Health, Sienna Senior, Extendicare, Medical Facilities, and CareRx Corp. HealWELL is entity of Canada. It is traded as Stock on TO exchange. More
HealWELL 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 HealWELL'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 HealWELL AI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.52 | |||
| Information Ratio | 0.0853 | |||
| Maximum Drawdown | 24.89 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 8.18 |
HealWELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HealWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HealWELL's standard deviation. In reality, there are many statistical measures that can use HealWELL historical prices to predict the future HealWELL's volatility.| Risk Adjusted Performance | 0.0884 | |||
| Jensen Alpha | 0.3215 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | 0.2866 |
HealWELL AI Backtested Returns
HealWELL appears to be dangerous, given 3 months investment horizon. HealWELL AI holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. By evaluating HealWELL's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize HealWELL's market risk adjusted performance of 0.2966, and Risk Adjusted Performance of 0.0884 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HealWELL holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 1.87, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HealWELL will likely underperform. Please check HealWELL's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether HealWELL's current trending patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
HealWELL AI has poor reverse predictability. Overlapping area represents the amount of predictability between HealWELL time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 HealWELL AI price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current HealWELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
HealWELL AI lagged returns against current returns
Autocorrelation, which is HealWELL 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 HealWELL's stock expected returns. We can calculate the autocorrelation of HealWELL returns to help us make a trade decision. For example, suppose you find that HealWELL 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 |
HealWELL 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 HealWELL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HealWELL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HealWELL stock over time.
Current vs Lagged Prices |
| Timeline |
HealWELL Lagged Returns
When evaluating HealWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HealWELL stock have on its future price. HealWELL 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, HealWELL autocorrelation shows the relationship between HealWELL stock current value and its past values and can show if there is a momentum factor associated with investing in HealWELL AI.
Regressed Prices |
| Timeline |
Pair Trading with HealWELL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HealWELL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HealWELL will appreciate offsetting losses from the drop in the long position's value.Moving together with HealWELL Stock
Moving against HealWELL Stock
The ability to find closely correlated positions to HealWELL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HealWELL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HealWELL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HealWELL AI to buy it.
The correlation of HealWELL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HealWELL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HealWELL AI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HealWELL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in HealWELL Stock
HealWELL financial ratios help investors to determine whether HealWELL 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 HealWELL with respect to the benefits of owning HealWELL security.