Molina Healthcare Stock Market Value
| MOH Stock | USD 297.90 1.30 0.44% |
| Symbol | Molina |
Molina Healthcare Price To Book Ratio
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Molina Healthcare. If investors know Molina will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Molina Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.342 | Earnings Share 19.66 | Revenue Per Share 649.831 | Quarterly Revenue Growth 0.174 | Return On Assets 0.069 |
The market value of Molina Healthcare is measured differently than its book value, which is the value of Molina that is recorded on the company's balance sheet. Investors also form their own opinion of Molina Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Molina Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Molina Healthcare's market value can be influenced by many factors that don't directly affect Molina Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Molina Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Molina Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Molina Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Molina 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 Molina 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 Molina Healthcare.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Molina Healthcare on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Molina Healthcare or generate 0.0% return on investment in Molina Healthcare over 180 days. Molina Healthcare is related to or competes with Humana, Cigna Corp, Elevance Health, Centene Corp, UnitedHealth Group, and Alignment Healthcare. Molina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid ... More
Molina 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 Molina 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 Molina Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 21.48 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.52 |
Molina Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Molina Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Molina Healthcare's standard deviation. In reality, there are many statistical measures that can use Molina Healthcare historical prices to predict the future Molina Healthcare's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (3.27) |
Molina Healthcare Backtested Returns
Molina Healthcare has Sharpe Ratio of -0.0644, which conveys that the firm had a -0.0644% return per unit of risk over the last 3 months. Molina Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Molina Healthcare's Standard Deviation of 3.41, risk adjusted performance of (0.04), and Mean Deviation of 2.01 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0638, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Molina Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Molina Healthcare is expected to be smaller as well. At this point, Molina Healthcare has a negative expected return of -0.22%. Please make sure to verify Molina Healthcare's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Molina Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Molina Healthcare has poor reverse predictability. Overlapping area represents the amount of predictability between Molina Healthcare time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Molina Healthcare price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Molina Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 469.37 |
Molina Healthcare lagged returns against current returns
Autocorrelation, which is Molina 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 Molina Healthcare's stock expected returns. We can calculate the autocorrelation of Molina Healthcare returns to help us make a trade decision. For example, suppose you find that Molina 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 |
Molina 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 Molina Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Molina Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Molina Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Molina Healthcare Lagged Returns
When evaluating Molina Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Molina Healthcare stock have on its future price. Molina 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, Molina Healthcare autocorrelation shows the relationship between Molina Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Molina Healthcare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Molina Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Molina 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 Molina Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Molina Healthcare Stock:Check out Molina Healthcare Correlation, Molina Healthcare Volatility and Molina Healthcare Alpha and Beta module to complement your research on Molina Healthcare. For more detail on how to invest in Molina Stock please use our How to Invest in Molina Healthcare guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Molina 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.