Max Healthcare (India) Market Value
| MAXHEALTH | 973.80 4.30 0.44% |
| Symbol | Max |
Max 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 Max 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 Max Healthcare.
| 03/15/2023 |
| 03/04/2025 |
If you would invest 0.00 in Max Healthcare on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Max Healthcare Institute or generate 0.0% return on investment in Max Healthcare over 720 days. Max Healthcare is related to or competes with Uniinfo Telecom, LT Technology, Syrma SGS, Shyam Telecom, Newgen Software, Compucom Software, and Sintex Plastics. Max Healthcare is entity of India. It is traded as Stock on NSE exchange. More
Max 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 Max 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 Max Healthcare Institute upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 3.73 |
Max Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Max Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Max Healthcare's standard deviation. In reality, there are many statistical measures that can use Max Healthcare historical prices to predict the future Max Healthcare's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.1876 | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Max Healthcare'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.
Max Healthcare Institute Backtested Returns
Max Healthcare Institute has Sharpe Ratio of -0.0425, which conveys that the firm had a -0.0425 % return per unit of risk over the last 3 months. Max Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Max Healthcare's Mean Deviation of 2.06, standard deviation of 2.63, and Risk Adjusted Performance of 0.0028 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Max Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Max Healthcare is expected to be smaller as well. At this point, Max Healthcare Institute has a negative expected return of -0.11%. Please make sure to verify Max Healthcare's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Max Healthcare Institute performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Max Healthcare Institute has good predictability. Overlapping area represents the amount of predictability between Max Healthcare time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 Max Healthcare Institute price movement. The serial correlation of 0.78 indicates that around 78.0% of current Max Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 14.2 K |
Max Healthcare Institute lagged returns against current returns
Autocorrelation, which is Max 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 Max Healthcare's stock expected returns. We can calculate the autocorrelation of Max Healthcare returns to help us make a trade decision. For example, suppose you find that Max 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 |
Max 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 Max Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Max Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Max Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Max Healthcare Lagged Returns
When evaluating Max Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Max Healthcare stock have on its future price. Max 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, Max Healthcare autocorrelation shows the relationship between Max Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Max Healthcare Institute.
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.Other Information on Investing in Max Stock
Max Healthcare financial ratios help investors to determine whether Max 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 Max with respect to the benefits of owning Max Healthcare security.