Davita Healthcare Partners Stock Market Value
| DVA Stock | USD 166.17 0.54 0.33% |
| Symbol | DaVita |
DaVita HealthCare Price To Book Ratio
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DaVita HealthCare. If investors know DaVita will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DaVita HealthCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Earnings Share 9.27 | Revenue Per Share 145.293 | Quarterly Revenue Growth 0.046 | Return On Assets 0.0694 |
The market value of DaVita HealthCare is measured differently than its book value, which is the value of DaVita that is recorded on the company's balance sheet. Investors also form their own opinion of DaVita HealthCare's value that differs from its market value or its book value, called intrinsic value, which is DaVita HealthCare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DaVita HealthCare's market value can be influenced by many factors that don't directly affect DaVita HealthCare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DaVita HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if DaVita HealthCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DaVita HealthCare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
DaVita 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 DaVita 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 DaVita HealthCare.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DaVita HealthCare on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding DaVita HealthCare Partners or generate 0.0% return on investment in DaVita HealthCare over 30 days. DaVita HealthCare is related to or competes with Surgery Partners, Acadia Healthcare, Ensign, Fresenius, Tenet Healthcare, HCA Holdings, and US Physicalrapy. DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure More
DaVita 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 DaVita 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 DaVita HealthCare Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 14.55 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 3.21 |
DaVita HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DaVita HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DaVita HealthCare's standard deviation. In reality, there are many statistical measures that can use DaVita HealthCare historical prices to predict the future DaVita HealthCare's volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.0843 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.3597 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DaVita 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.
DaVita HealthCare Backtested Returns
At this point, DaVita HealthCare is very steady. DaVita HealthCare secures Sharpe Ratio (or Efficiency) of 0.0781, which denotes the company had a 0.0781% return per unit of volatility over the last 3 months. We have found thirty technical indicators for DaVita HealthCare Partners, which you can use to evaluate the volatility of the firm. Please confirm DaVita HealthCare's Downside Deviation of 2.44, market risk adjusted performance of 0.3697, and Mean Deviation of 1.34 to check if the risk estimate we provide is consistent with the expected return of 0.16%. DaVita HealthCare has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, DaVita HealthCare's returns are expected to increase less than the market. However, during the bear market, the loss of holding DaVita HealthCare is expected to be smaller as well. DaVita HealthCare presently shows a risk of 2.06%. Please confirm DaVita HealthCare skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if DaVita HealthCare will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
DaVita HealthCare Partners has very good predictability. Overlapping area represents the amount of predictability between DaVita HealthCare time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 DaVita HealthCare price movement. The serial correlation of 0.8 indicates that around 80.0% of current DaVita HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 13.82 |
DaVita HealthCare lagged returns against current returns
Autocorrelation, which is DaVita 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 DaVita HealthCare's stock expected returns. We can calculate the autocorrelation of DaVita HealthCare returns to help us make a trade decision. For example, suppose you find that DaVita 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 |
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DaVita 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 DaVita HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DaVita HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DaVita HealthCare stock over time.
Current vs Lagged Prices |
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DaVita HealthCare Lagged Returns
When evaluating DaVita HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DaVita HealthCare stock have on its future price. DaVita 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, DaVita HealthCare autocorrelation shows the relationship between DaVita HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in DaVita HealthCare Partners.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether DaVita HealthCare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DaVita HealthCare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Davita Healthcare Partners Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Davita Healthcare Partners Stock:Check out DaVita HealthCare Correlation, DaVita HealthCare Volatility and DaVita HealthCare Alpha and Beta module to complement your research on DaVita HealthCare. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
DaVita HealthCare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.