HEALTHSTREAM (HL5SG) (Germany) Market Value
| HL5 Stock | 30.60 0.20 0.65% |
| Symbol | HEALTHSTREAM |
HEALTHSTREAM (HL5SG) '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 HEALTHSTREAM (HL5SG)'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 HEALTHSTREAM (HL5SG).
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in HEALTHSTREAM (HL5SG) on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding HEALTHSTREAM or generate 0.0% return on investment in HEALTHSTREAM (HL5SG) over 60 days. HEALTHSTREAM (HL5SG) is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
HEALTHSTREAM (HL5SG) 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 HEALTHSTREAM (HL5SG)'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 HEALTHSTREAM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.1654 | |||
| Maximum Drawdown | 10.61 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.68 |
HEALTHSTREAM (HL5SG) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTHSTREAM (HL5SG)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTHSTREAM (HL5SG)'s standard deviation. In reality, there are many statistical measures that can use HEALTHSTREAM (HL5SG) historical prices to predict the future HEALTHSTREAM (HL5SG)'s volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.3154 | |||
| Total Risk Alpha | 0.2848 | |||
| Sortino Ratio | 0.1736 | |||
| Treynor Ratio | (1.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HEALTHSTREAM (HL5SG)'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.
HEALTHSTREAM (HL5SG) Backtested Returns
HEALTHSTREAM (HL5SG) appears to be very steady, given 3 months investment horizon. HEALTHSTREAM (HL5SG) retains Efficiency (Sharpe Ratio) of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for HEALTHSTREAM (HL5SG), which you can use to evaluate the volatility of the firm. Please utilize HEALTHSTREAM (HL5SG)'s Coefficient Of Variation of 562.6, market risk adjusted performance of (1.26), and Semi Deviation of 1.3 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HEALTHSTREAM (HL5SG) holds a performance score of 14. The company owns a Beta (Systematic Risk) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HEALTHSTREAM (HL5SG) are expected to decrease at a much lower rate. During the bear market, HEALTHSTREAM (HL5SG) is likely to outperform the market. Please check HEALTHSTREAM (HL5SG)'s information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether HEALTHSTREAM (HL5SG)'s current price history will revert.
Auto-correlation | 0.37 |
Below average predictability
HEALTHSTREAM has below average predictability. Overlapping area represents the amount of predictability between HEALTHSTREAM (HL5SG) time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 HEALTHSTREAM (HL5SG) price movement. The serial correlation of 0.37 indicates that just about 37.0% of current HEALTHSTREAM (HL5SG) price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
HEALTHSTREAM (HL5SG) lagged returns against current returns
Autocorrelation, which is HEALTHSTREAM (HL5SG) 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 HEALTHSTREAM (HL5SG)'s stock expected returns. We can calculate the autocorrelation of HEALTHSTREAM (HL5SG) returns to help us make a trade decision. For example, suppose you find that HEALTHSTREAM (HL5SG) 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 |
HEALTHSTREAM (HL5SG) 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 HEALTHSTREAM (HL5SG) stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTHSTREAM (HL5SG) stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTHSTREAM (HL5SG) stock over time.
Current vs Lagged Prices |
| Timeline |
HEALTHSTREAM (HL5SG) Lagged Returns
When evaluating HEALTHSTREAM (HL5SG)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTHSTREAM (HL5SG) stock have on its future price. HEALTHSTREAM (HL5SG) 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, HEALTHSTREAM (HL5SG) autocorrelation shows the relationship between HEALTHSTREAM (HL5SG) stock current value and its past values and can show if there is a momentum factor associated with investing in HEALTHSTREAM.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for HEALTHSTREAM Stock Analysis
When running HEALTHSTREAM (HL5SG)'s price analysis, check to measure HEALTHSTREAM (HL5SG)'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 HEALTHSTREAM (HL5SG) is operating at the current time. Most of HEALTHSTREAM (HL5SG)'s value examination focuses on studying past and present price action to predict the probability of HEALTHSTREAM (HL5SG)'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HEALTHSTREAM (HL5SG)'s price. Additionally, you may evaluate how the addition of HEALTHSTREAM (HL5SG) to your portfolios can decrease your overall portfolio volatility.