Healthco Healthcare (Australia) Market Value
| HCW Stock | 0.99 0.02 2.06% |
| Symbol | Healthco |
Healthco 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 Healthco 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 Healthco Healthcare.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Healthco Healthcare on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Healthco Healthcare and or generate 0.0% return on investment in Healthco Healthcare over 720 days. Healthco Healthcare is related to or competes with Regis Healthcare, Pinnacle Investment, Event Hospitality, Carlton Investments, Fisher Paykel, Alternative Investment, and Argo Investments. More
Healthco 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 Healthco 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 Healthco Healthcare and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.08 |
Healthco Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthco Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthco Healthcare's standard deviation. In reality, there are many statistical measures that can use Healthco Healthcare historical prices to predict the future Healthco Healthcare's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.39) |
Healthco Healthcare and Backtested Returns
Healthco Healthcare and holds Efficiency (Sharpe) Ratio of -0.0792, which attests that the entity had a -0.0792 % return per unit of standard deviation over the last 3 months. Healthco Healthcare and exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Healthco Healthcare's risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.38) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Healthco Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Healthco Healthcare is expected to be smaller as well. At this point, Healthco Healthcare and has a negative expected return of -0.17%. Please make sure to check out Healthco Healthcare's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Healthco Healthcare and performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Healthco Healthcare and has very weak predictability. Overlapping area represents the amount of predictability between Healthco Healthcare time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 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 Healthco Healthcare and price movement. The serial correlation of 0.16 indicates that over 16.0% of current Healthco Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Healthco Healthcare and lagged returns against current returns
Autocorrelation, which is Healthco 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 Healthco Healthcare's stock expected returns. We can calculate the autocorrelation of Healthco Healthcare returns to help us make a trade decision. For example, suppose you find that Healthco 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 |
Healthco 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 Healthco Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthco Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthco Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Healthco Healthcare Lagged Returns
When evaluating Healthco Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthco Healthcare stock have on its future price. Healthco 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, Healthco Healthcare autocorrelation shows the relationship between Healthco Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Healthco Healthcare and.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Healthco Stock Analysis
When running Healthco Healthcare's price analysis, check to measure Healthco Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Healthco Healthcare is operating at the current time. Most of Healthco Healthcare's value examination focuses on studying past and present price action to predict the probability of Healthco Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Healthco Healthcare's price. Additionally, you may evaluate how the addition of Healthco Healthcare to your portfolios can decrease your overall portfolio volatility.