MyHealthChecked Plc (UK) Market Value
| MHC Stock | 12.00 0.25 2.04% |
| Symbol | MyHealthChecked |
MyHealthChecked Plc '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 MyHealthChecked Plc'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 MyHealthChecked Plc.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MyHealthChecked Plc on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MyHealthChecked Plc or generate 0.0% return on investment in MyHealthChecked Plc over 540 days. MyHealthChecked Plc is related to or competes with Toyota, SoftBank Group, State Bank, and MOL Hungarian. MyHealthChecked Plc is entity of United Kingdom More
MyHealthChecked Plc 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 MyHealthChecked Plc'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 MyHealthChecked Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 32.22 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 7.27 |
MyHealthChecked Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MyHealthChecked Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MyHealthChecked Plc's standard deviation. In reality, there are many statistical measures that can use MyHealthChecked Plc historical prices to predict the future MyHealthChecked Plc's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.0799 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.1919 |
MyHealthChecked Plc Backtested Returns
At this point, MyHealthChecked Plc is somewhat reliable. MyHealthChecked Plc has Sharpe Ratio of 0.0448, which conveys that the firm had a 0.0448% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MyHealthChecked Plc, which you can use to evaluate the volatility of the firm. Please verify MyHealthChecked Plc's mean deviation of 2.06, and Risk Adjusted Performance of 0.0487 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. MyHealthChecked Plc has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.04, which conveys a somewhat significant risk relative to the market. MyHealthChecked Plc returns are very sensitive to returns on the market. As the market goes up or down, MyHealthChecked Plc is expected to follow. MyHealthChecked Plc right now secures a risk of 3.99%. Please verify MyHealthChecked Plc standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if MyHealthChecked Plc will be following its current price movements.
Auto-correlation | 0.32 |
Below average predictability
MyHealthChecked Plc has below average predictability. Overlapping area represents the amount of predictability between MyHealthChecked Plc time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 MyHealthChecked Plc price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current MyHealthChecked Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
MyHealthChecked Plc lagged returns against current returns
Autocorrelation, which is MyHealthChecked Plc 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 MyHealthChecked Plc's stock expected returns. We can calculate the autocorrelation of MyHealthChecked Plc returns to help us make a trade decision. For example, suppose you find that MyHealthChecked Plc 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 |
MyHealthChecked Plc 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 MyHealthChecked Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MyHealthChecked Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MyHealthChecked Plc stock over time.
Current vs Lagged Prices |
| Timeline |
MyHealthChecked Plc Lagged Returns
When evaluating MyHealthChecked Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MyHealthChecked Plc stock have on its future price. MyHealthChecked Plc 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, MyHealthChecked Plc autocorrelation shows the relationship between MyHealthChecked Plc stock current value and its past values and can show if there is a momentum factor associated with investing in MyHealthChecked Plc.
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 MyHealthChecked Stock
MyHealthChecked Plc financial ratios help investors to determine whether MyHealthChecked 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 MyHealthChecked with respect to the benefits of owning MyHealthChecked Plc security.