FIDSON HEALTHCARE's market value is the price at which a share of FIDSON HEALTHCARE trades on a public exchange. It measures the collective expectations of FIDSON HEALTHCARE PLC investors about its performance. FIDSON HEALTHCARE is trading at 15.40 as of the 5th of December 2024, a No Change since the beginning of the trading day. The stock's open price was 15.4. With this module, you can estimate the performance of a buy and hold strategy of FIDSON HEALTHCARE PLC and determine expected loss or profit from investing in FIDSON HEALTHCARE over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Symbol
FIDSON
FIDSON 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 FIDSON 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 FIDSON HEALTHCARE.
0.00
11/11/2023
No Change 0.00
0.0
In 1 year and 25 days
12/05/2024
0.00
If you would invest 0.00 in FIDSON HEALTHCARE on November 11, 2023 and sell it all today you would earn a total of 0.00 from holding FIDSON HEALTHCARE PLC or generate 0.0% return on investment in FIDSON HEALTHCARE over 390 days.
FIDSON 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 FIDSON 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 FIDSON HEALTHCARE PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIDSON HEALTHCARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIDSON HEALTHCARE's standard deviation. In reality, there are many statistical measures that can use FIDSON HEALTHCARE historical prices to predict the future FIDSON HEALTHCARE's volatility.
FIDSON HEALTHCARE appears to be not too volatile, given 3 months investment horizon. FIDSON HEALTHCARE PLC secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of return volatility over the last 3 months. We have found twenty-five technical indicators for FIDSON HEALTHCARE PLC, which you can use to evaluate the volatility of the firm. Please utilize FIDSON HEALTHCARE's downside deviation of 6.31, and Mean Deviation of 1.49 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIDSON HEALTHCARE holds a performance score of 7. The firm shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. FIDSON HEALTHCARE returns are very sensitive to returns on the market. As the market goes up or down, FIDSON HEALTHCARE is expected to follow. Please check FIDSON HEALTHCARE's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether FIDSON HEALTHCARE's price patterns will revert.
Auto-correlation
-0.27
Weak reverse predictability
FIDSON HEALTHCARE PLC has weak reverse predictability. Overlapping area represents the amount of predictability between FIDSON HEALTHCARE time series from 11th of November 2023 to 24th of May 2024 and 24th of May 2024 to 5th 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 FIDSON HEALTHCARE PLC price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current FIDSON HEALTHCARE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
0.78
FIDSON HEALTHCARE PLC lagged returns against current returns
Autocorrelation, which is FIDSON 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 FIDSON HEALTHCARE's stock expected returns. We can calculate the autocorrelation of FIDSON HEALTHCARE returns to help us make a trade decision. For example, suppose you find that FIDSON 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
FIDSON 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 FIDSON HEALTHCARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIDSON HEALTHCARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIDSON HEALTHCARE stock over time.
Current vs Lagged Prices
Timeline
FIDSON HEALTHCARE Lagged Returns
When evaluating FIDSON HEALTHCARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIDSON HEALTHCARE stock have on its future price. FIDSON 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, FIDSON HEALTHCARE autocorrelation shows the relationship between FIDSON HEALTHCARE stock current value and its past values and can show if there is a momentum factor associated with investing in FIDSON HEALTHCARE PLC.
Regressed Prices
Timeline
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.