Metropolis Healthcare (India) Market Value
| METROPOLIS | 2,076 68.55 3.20% |
| Symbol | Metropolis |
Metropolis 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 Metropolis 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 Metropolis Healthcare.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Metropolis Healthcare on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Metropolis Healthcare Limited or generate 0.0% return on investment in Metropolis Healthcare over 720 days. Metropolis Healthcare is related to or competes with KNR Constructions, Generic Engineering, Styrenix Performance, General Insurance, Central Bank, and Garuda Construction. Metropolis Healthcare is entity of India More
Metropolis 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 Metropolis 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 Metropolis Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.12 |
Metropolis Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metropolis Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metropolis Healthcare's standard deviation. In reality, there are many statistical measures that can use Metropolis Healthcare historical prices to predict the future Metropolis Healthcare's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0413 |
Metropolis Healthcare Backtested Returns
Metropolis Healthcare has Sharpe Ratio of -0.0249, which conveys that the firm had a -0.0249% return per unit of risk over the last 3 months. Metropolis Healthcare exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metropolis Healthcare's Risk Adjusted Performance of 0.0127, downside deviation of 2.01, and Mean Deviation of 1.24 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, Metropolis Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metropolis Healthcare is expected to be smaller as well. At this point, Metropolis Healthcare has a negative expected return of -0.0421%. Please make sure to verify Metropolis Healthcare's potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Metropolis Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Metropolis Healthcare Limited has good predictability. Overlapping area represents the amount of predictability between Metropolis Healthcare time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 Metropolis Healthcare price movement. The serial correlation of 0.67 indicates that around 67.0% of current Metropolis Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 45.7 K |
Metropolis Healthcare lagged returns against current returns
Autocorrelation, which is Metropolis 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 Metropolis Healthcare's stock expected returns. We can calculate the autocorrelation of Metropolis Healthcare returns to help us make a trade decision. For example, suppose you find that Metropolis 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 |
Metropolis 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 Metropolis Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metropolis Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metropolis Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Metropolis Healthcare Lagged Returns
When evaluating Metropolis Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metropolis Healthcare stock have on its future price. Metropolis 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, Metropolis Healthcare autocorrelation shows the relationship between Metropolis Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Metropolis Healthcare 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 Metropolis Stock
Metropolis Healthcare financial ratios help investors to determine whether Metropolis 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 Metropolis with respect to the benefits of owning Metropolis Healthcare security.