HCA Healthcare,'s market value is the price at which a share of HCA Healthcare, trades on a public exchange. It measures the collective expectations of HCA Healthcare, investors about its performance. HCA Healthcare, is trading at 92.15 as of the 2nd of January 2025, a 1.21% up since the beginning of the trading day. The stock's open price was 91.05. With this module, you can estimate the performance of a buy and hold strategy of HCA Healthcare, and determine expected loss or profit from investing in HCA Healthcare, over a given investment horizon. Check out HCA Healthcare, Correlation, HCA Healthcare, Volatility and HCA Healthcare, Alpha and Beta module to complement your research on HCA Healthcare,.
Please note, there is a significant difference between HCA Healthcare,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if HCA Healthcare, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCA 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.
HCA 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 HCA 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 HCA Healthcare,.
0.00
07/06/2024
No Change 0.00
0.0
In 5 months and 30 days
01/02/2025
0.00
If you would invest 0.00 in HCA Healthcare, on July 6, 2024 and sell it all today you would earn a total of 0.00 from holding HCA Healthcare, or generate 0.0% return on investment in HCA Healthcare, over 180 days. HCA Healthcare, is related to or competes with Universal Health, Hospital Mater, Fras Le, BTG Pactual, and Plano Plano. HCA Healthcare, Inc., through its subsidiaries, provides health care services company in the United States More
HCA 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 HCA 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 HCA Healthcare, 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 HCA Healthcare,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCA Healthcare,'s standard deviation. In reality, there are many statistical measures that can use HCA Healthcare, historical prices to predict the future HCA Healthcare,'s volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HCA Healthcare,. Your research has to be compared to or analyzed against HCA Healthcare,'s peers to derive any actionable benefits. When done correctly, HCA Healthcare,'s competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HCA Healthcare,.
HCA Healthcare, Backtested Returns
HCA Healthcare, retains Efficiency (Sharpe Ratio) of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. HCA Healthcare, exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HCA Healthcare,'s Variance of 4.11, market risk adjusted performance of (2.77), and Coefficient Of Variation of (801.27) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0947, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HCA Healthcare,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding HCA Healthcare, is expected to be smaller as well. At this point, HCA Healthcare, has a negative expected return of -0.23%. Please make sure to check out HCA Healthcare,'s coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if HCA Healthcare, performance from the past will be repeated at some future date.
Auto-correlation
-0.81
Excellent reverse predictability
HCA Healthcare, has excellent reverse predictability. Overlapping area represents the amount of predictability between HCA Healthcare, time series from 6th of July 2024 to 4th of October 2024 and 4th of October 2024 to 2nd 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 HCA Healthcare, price movement. The serial correlation of -0.81 indicates that around 81.0% of current HCA Healthcare, price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.81
Spearman Rank Test
-0.89
Residual Average
0.0
Price Variance
59.16
HCA Healthcare, lagged returns against current returns
Autocorrelation, which is HCA 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 HCA Healthcare,'s stock expected returns. We can calculate the autocorrelation of HCA Healthcare, returns to help us make a trade decision. For example, suppose you find that HCA 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
HCA 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 HCA Healthcare, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCA Healthcare, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCA Healthcare, stock over time.
Current vs Lagged Prices
Timeline
HCA Healthcare, Lagged Returns
When evaluating HCA Healthcare,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCA Healthcare, stock have on its future price. HCA 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, HCA Healthcare, autocorrelation shows the relationship between HCA Healthcare, stock current value and its past values and can show if there is a momentum factor associated with investing in HCA Healthcare,.
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.
HCA Healthcare, financial ratios help investors to determine whether HCA 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 HCA with respect to the benefits of owning HCA Healthcare, security.