Community Health Systems Market Value
| 12543DBD1 | 90.08 9.63 9.66% |
| Symbol | Community |
Community '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 Community's bond 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 Community.
| 12/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in Community on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Community Health Systems or generate 0.0% return on investment in Community over 90 days. Community is related to or competes with Alaska Air, Black Mammoth, SkyWest, Ryanair Holdings, and Sun Country. More
Community 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 Community's bond 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 Community Health Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4015 |
Community Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Community's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Community's standard deviation. In reality, there are many statistical measures that can use Community historical prices to predict the future Community's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.3921 |
Community Health Systems Backtested Returns
Community Health Systems secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14 % return per unit of risk over the last 3 months. Community Health Systems exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Community's Mean Deviation of 0.4076, risk adjusted performance of (0.08), and Standard Deviation of 1.29 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Community are expected to decrease at a much lower rate. During the bear market, Community is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
Community Health Systems has very weak reverse predictability. Overlapping area represents the amount of predictability between Community time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st 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 Community Health Systems price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Community price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Community Health Systems lagged returns against current returns
Autocorrelation, which is Community bond'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 Community's bond expected returns. We can calculate the autocorrelation of Community returns to help us make a trade decision. For example, suppose you find that Community has exhibited high autocorrelation historically, and you observe that the bond 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 |
Community 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 Community bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Community bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Community bond over time.
Current vs Lagged Prices |
| Timeline |
Community Lagged Returns
When evaluating Community's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Community bond have on its future price. Community 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, Community autocorrelation shows the relationship between Community bond current value and its past values and can show if there is a momentum factor associated with investing in Community Health Systems.
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 Community Bond
Community financial ratios help investors to determine whether Community Bond 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 Community with respect to the benefits of owning Community security.