Dri Healthcare Trust Stock Market Value
| DHT-UN Stock | CAD 11.80 0.36 2.96% |
| Symbol | DRI |
DRI Healthcare Trust Company Valuation
DRI 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 DRI 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 DRI Healthcare.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in DRI Healthcare on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding DRI Healthcare Trust or generate 0.0% return on investment in DRI Healthcare over 720 days. DRI Healthcare is related to or competes with IShares Canadian, Altagas Cum, RBC Discount, IShares SPTSX, and Harvest Tech. DRI Healthcare Trust focuses on managing and growing a portfolio of pharmaceutical royalties More
DRI 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 DRI 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 DRI Healthcare Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.44 | |||
| Information Ratio | 0.0797 | |||
| Maximum Drawdown | 69.2 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.17 |
DRI Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRI Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRI Healthcare's standard deviation. In reality, there are many statistical measures that can use DRI Healthcare historical prices to predict the future DRI Healthcare's volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.7314 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0956 | |||
| Treynor Ratio | (1.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DRI Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DRI Healthcare Trust Backtested Returns
DRI Healthcare appears to be moderately volatile, given 3 months investment horizon. DRI Healthcare Trust secures Sharpe Ratio (or Efficiency) of 0.0941, which denotes the company had a 0.0941% return per unit of return volatility over the last 3 months. By examining DRI Healthcare's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize DRI Healthcare's mean deviation of 3.14, and Downside Deviation of 6.44 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DRI Healthcare holds a performance score of 7. The firm shows a Beta (market volatility) of -0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DRI Healthcare are expected to decrease at a much lower rate. During the bear market, DRI Healthcare is likely to outperform the market. Please check DRI Healthcare's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether DRI Healthcare's price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
DRI Healthcare Trust has poor reverse predictability. Overlapping area represents the amount of predictability between DRI Healthcare time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 DRI Healthcare Trust price movement. The serial correlation of -0.39 indicates that just about 39.0% of current DRI Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
DRI Healthcare Trust lagged returns against current returns
Autocorrelation, which is DRI 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 DRI Healthcare's stock expected returns. We can calculate the autocorrelation of DRI Healthcare returns to help us make a trade decision. For example, suppose you find that DRI 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 |
DRI 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 DRI Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRI Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRI Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
DRI Healthcare Lagged Returns
When evaluating DRI Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRI Healthcare stock have on its future price. DRI 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, DRI Healthcare autocorrelation shows the relationship between DRI Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in DRI Healthcare Trust.
Regressed Prices |
| Timeline |
Pair Trading with DRI Healthcare
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 DRI Healthcare 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 DRI Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against DRI Stock
The ability to find closely correlated positions to DRI Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRI Healthcare 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 DRI Healthcare - 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 DRI Healthcare Trust to buy it.
The correlation of DRI Healthcare 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 DRI Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRI Healthcare Trust 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 DRI Healthcare 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 DRI Stock
DRI Healthcare financial ratios help investors to determine whether DRI 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 DRI with respect to the benefits of owning DRI Healthcare security.