HEALTHCARE REAL's market value is the price at which a share of HEALTHCARE REAL trades on a public exchange. It measures the collective expectations of HEALTHCARE REAL A investors about its performance. HEALTHCARE REAL is trading at 17.40 as of the 28th of November 2024. This is a 0.58% up since the beginning of the trading day. The stock's lowest day price was 16.7. With this module, you can estimate the performance of a buy and hold strategy of HEALTHCARE REAL A and determine expected loss or profit from investing in HEALTHCARE REAL over a given investment horizon. Check out Risk vs Return Analysis 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 board of governors.
Symbol
HEALTHCARE
HEALTHCARE REAL '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 HEALTHCARE REAL'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 HEALTHCARE REAL.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in HEALTHCARE REAL on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HEALTHCARE REAL A or generate 0.0% return on investment in HEALTHCARE REAL over 30 days.
HEALTHCARE REAL 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 HEALTHCARE REAL'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 HEALTHCARE REAL A 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 HEALTHCARE REAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTHCARE REAL's standard deviation. In reality, there are many statistical measures that can use HEALTHCARE REAL historical prices to predict the future HEALTHCARE REAL's volatility.
At this point, HEALTHCARE REAL is very steady. HEALTHCARE REAL A retains Efficiency (Sharpe Ratio) of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HEALTHCARE REAL, which you can use to evaluate the volatility of the firm. Please check out HEALTHCARE REAL's Semi Deviation of 1.2, market risk adjusted performance of 0.6078, and Coefficient Of Variation of 799.31 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. HEALTHCARE REAL has a performance score of 9 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEALTHCARE REAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEALTHCARE REAL is expected to be smaller as well. HEALTHCARE REAL A at this moment owns a risk of 1.49%. Please check out HEALTHCARE REAL A semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if HEALTHCARE REAL A will be following its current price history.
Auto-correlation
0.79
Good predictability
HEALTHCARE REAL A has good predictability. Overlapping area represents the amount of predictability between HEALTHCARE REAL time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 HEALTHCARE REAL A price movement. The serial correlation of 0.79 indicates that around 79.0% of current HEALTHCARE REAL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.79
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.15
HEALTHCARE REAL A lagged returns against current returns
Autocorrelation, which is HEALTHCARE REAL 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 HEALTHCARE REAL's stock expected returns. We can calculate the autocorrelation of HEALTHCARE REAL returns to help us make a trade decision. For example, suppose you find that HEALTHCARE REAL 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
HEALTHCARE REAL 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 HEALTHCARE REAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTHCARE REAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTHCARE REAL stock over time.
Current vs Lagged Prices
Timeline
HEALTHCARE REAL Lagged Returns
When evaluating HEALTHCARE REAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTHCARE REAL stock have on its future price. HEALTHCARE REAL 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, HEALTHCARE REAL autocorrelation shows the relationship between HEALTHCARE REAL stock current value and its past values and can show if there is a momentum factor associated with investing in HEALTHCARE REAL A.