Sonic Healthcare (Australia) Market Value
| SHL Stock | 28.14 0.35 1.23% |
| Symbol | Sonic |
Sonic 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 Sonic 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 Sonic Healthcare.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Sonic Healthcare on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Sonic Healthcare or generate 0.0% return on investment in Sonic Healthcare over 30 days. Sonic Healthcare is related to or competes with Regis Healthcare, and Fisher Paykel. Sonic Healthcare is entity of Australia. It is traded as Stock on AU exchange. More
Sonic 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 Sonic 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 Sonic Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.74 |
Sonic Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonic Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonic Healthcare's standard deviation. In reality, there are many statistical measures that can use Sonic Healthcare historical prices to predict the future Sonic Healthcare's volatility.| Risk Adjusted Performance | 0.0255 | |||
| Jensen Alpha | 0.0252 | |||
| Total Risk Alpha | 0.0311 | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | 0.0436 |
Sonic Healthcare Backtested Returns
Sonic Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0198, which indicates the firm had a -0.0198 % return per unit of risk over the last 3 months. Sonic Healthcare exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonic Healthcare's Coefficient Of Variation of 3252.76, semi deviation of 0.9926, and Risk Adjusted Performance of 0.0255 to confirm the risk estimate we provide. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sonic Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonic Healthcare is expected to be smaller as well. At this point, Sonic Healthcare has a negative expected return of -0.0202%. Please make sure to validate Sonic Healthcare's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Sonic Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Sonic Healthcare has below average predictability. Overlapping area represents the amount of predictability between Sonic Healthcare time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Sonic Healthcare price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sonic Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Sonic Healthcare lagged returns against current returns
Autocorrelation, which is Sonic 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 Sonic Healthcare's stock expected returns. We can calculate the autocorrelation of Sonic Healthcare returns to help us make a trade decision. For example, suppose you find that Sonic 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 |
Sonic 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 Sonic Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonic Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonic Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Sonic Healthcare Lagged Returns
When evaluating Sonic Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonic Healthcare stock have on its future price. Sonic 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, Sonic Healthcare autocorrelation shows the relationship between Sonic Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Sonic Healthcare.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sonic Stock Analysis
When running Sonic Healthcare's price analysis, check to measure Sonic Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sonic Healthcare is operating at the current time. Most of Sonic Healthcare's value examination focuses on studying past and present price action to predict the probability of Sonic Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonic Healthcare's price. Additionally, you may evaluate how the addition of Sonic Healthcare to your portfolios can decrease your overall portfolio volatility.