NATIONAL HEALTHCARE (Germany) Market Value
| HTW Stock | EUR 103.00 1.00 0.96% |
| Symbol | NATIONAL |
NATIONAL 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 NATIONAL 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 NATIONAL HEALTHCARE.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in NATIONAL HEALTHCARE on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding NATIONAL HEALTHCARE or generate 0.0% return on investment in NATIONAL HEALTHCARE over 60 days. NATIONAL HEALTHCARE is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
NATIONAL 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 NATIONAL 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 NATIONAL HEALTHCARE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 4.17 |
NATIONAL HEALTHCARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NATIONAL HEALTHCARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NATIONAL HEALTHCARE's standard deviation. In reality, there are many statistical measures that can use NATIONAL HEALTHCARE historical prices to predict the future NATIONAL HEALTHCARE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.2029 |
NATIONAL HEALTHCARE Backtested Returns
NATIONAL HEALTHCARE has Sharpe Ratio of -0.0509, which conveys that the company had a -0.0509% return per unit of standard deviation over the last 3 months. NATIONAL HEALTHCARE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NATIONAL HEALTHCARE's mean deviation of 1.57, and Standard Deviation of 2.16 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NATIONAL HEALTHCARE are expected to decrease at a much lower rate. During the bear market, NATIONAL HEALTHCARE is likely to outperform the market. At this point, NATIONAL HEALTHCARE has a negative expected return of -0.11%. Please make sure to verify NATIONAL HEALTHCARE's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if NATIONAL HEALTHCARE performance from the past will be repeated at future time.
Auto-correlation | -0.15 |
Insignificant reverse predictability
NATIONAL HEALTHCARE has insignificant reverse predictability. Overlapping area represents the amount of predictability between NATIONAL HEALTHCARE 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 NATIONAL HEALTHCARE price movement. The serial correlation of -0.15 indicates that less than 15.0% of current NATIONAL HEALTHCARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 24.03 |
NATIONAL HEALTHCARE lagged returns against current returns
Autocorrelation, which is NATIONAL 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 NATIONAL HEALTHCARE's stock expected returns. We can calculate the autocorrelation of NATIONAL HEALTHCARE returns to help us make a trade decision. For example, suppose you find that NATIONAL 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 |
NATIONAL 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 NATIONAL HEALTHCARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NATIONAL HEALTHCARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NATIONAL HEALTHCARE stock over time.
Current vs Lagged Prices |
| Timeline |
NATIONAL HEALTHCARE Lagged Returns
When evaluating NATIONAL HEALTHCARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NATIONAL HEALTHCARE stock have on its future price. NATIONAL 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, NATIONAL HEALTHCARE autocorrelation shows the relationship between NATIONAL HEALTHCARE stock current value and its past values and can show if there is a momentum factor associated with investing in NATIONAL HEALTHCARE.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in NATIONAL Stock
When determining whether NATIONAL HEALTHCARE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NATIONAL HEALTHCARE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of National Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Healthcare Stock:Check out NATIONAL HEALTHCARE Correlation, NATIONAL HEALTHCARE Volatility and NATIONAL HEALTHCARE Alpha and Beta module to complement your research on NATIONAL HEALTHCARE. For information on how to trade NATIONAL Stock refer to our How to Trade NATIONAL Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
NATIONAL HEALTHCARE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.