Global Health (India) Market Value
| MEDANTA Stock | 1,228 47.70 4.04% |
| Symbol | Global |
Global Health '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 Global Health'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 Global Health.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Global Health on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Global Health Limited or generate 0.0% return on investment in Global Health over 90 days. Global Health is related to or competes with Manaksia Coated, Shivalik Bimetal, Ankit Metal, Zuari Agro, Shyam Metalics, Dharani SugarsChemicals, and Indo Borax. Global Health is entity of India. It is traded as Stock on NSE exchange. More
Global Health 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 Global Health'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 Global Health Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.1035 | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 4.96 |
Global Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Health's standard deviation. In reality, there are many statistical measures that can use Global Health historical prices to predict the future Global Health's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | 0.119 | |||
| Total Risk Alpha | 0.4406 | |||
| Sortino Ratio | 0.1457 | |||
| Treynor Ratio | (0.36) |
Global Health Limited Backtested Returns
At this point, Global Health is very steady. Global Health Limited holds Efficiency (Sharpe) Ratio of 0.0678, which attests that the entity had a 0.0678 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Health Limited, which you can use to evaluate the volatility of the firm. Please check out Global Health's Market Risk Adjusted Performance of (0.35), downside deviation of 1.79, and Risk Adjusted Performance of 0.0672 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Global Health has a performance score of 5 on a scale of 0 to 100. 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, returns on owning Global Health are expected to decrease at a much lower rate. During the bear market, Global Health is likely to outperform the market. Global Health Limited right now retains a risk of 2.58%. Please check out Global Health treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Global Health will be following its current trending patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Global Health Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Global Health time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Global Health Limited price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Global Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2656.69 |
Global Health Limited lagged returns against current returns
Autocorrelation, which is Global Health 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 Global Health's stock expected returns. We can calculate the autocorrelation of Global Health returns to help us make a trade decision. For example, suppose you find that Global Health 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 |
Global Health 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 Global Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Health stock over time.
Current vs Lagged Prices |
| Timeline |
Global Health Lagged Returns
When evaluating Global Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Health stock have on its future price. Global Health 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, Global Health autocorrelation shows the relationship between Global Health stock current value and its past values and can show if there is a momentum factor associated with investing in Global Health Limited.
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 Global Stock
Global Health financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Health security.