NORTHWELL HEALTHCARE INC Market Value
| 667274AC8 | 84.18 0.57 0.68% |
| Symbol | NORTHWELL |
NORTHWELL '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 NORTHWELL'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 NORTHWELL.
| 02/01/2025 |
| 03/03/2025 |
If you would invest 0.00 in NORTHWELL on February 1, 2025 and sell it all today you would earn a total of 0.00 from holding NORTHWELL HEALTHCARE INC or generate 0.0% return on investment in NORTHWELL over 30 days. NORTHWELL is related to or competes with Austevoll Seafood, Sun Country, Ryanair Holdings, Eastman Kodak, Smithfield Foods,, Tyson Foods, and NH Foods. More
NORTHWELL 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 NORTHWELL'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 NORTHWELL HEALTHCARE INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7952 | |||
| Information Ratio | 0.05 | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.67 |
NORTHWELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTHWELL's standard deviation. In reality, there are many statistical measures that can use NORTHWELL historical prices to predict the future NORTHWELL's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.0213 | |||
| Total Risk Alpha | 0.045 | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.1755 |
NORTHWELL HEALTHCARE INC Backtested Returns
NORTHWELL HEALTHCARE INC has Sharpe Ratio of -0.0218, which conveys that the entity had a -0.0218 % return per unit of standard deviation over the last 3 months. NORTHWELL exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORTHWELL's Risk Adjusted Performance of 0.0266, market risk adjusted performance of 0.1855, and Mean Deviation of 0.6537 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORTHWELL's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORTHWELL is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
NORTHWELL HEALTHCARE INC has excellent reverse predictability. Overlapping area represents the amount of predictability between NORTHWELL time series from 1st of February 2025 to 16th of February 2025 and 16th of February 2025 to 3rd 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 NORTHWELL HEALTHCARE INC price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current NORTHWELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
NORTHWELL HEALTHCARE INC lagged returns against current returns
Autocorrelation, which is NORTHWELL 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 NORTHWELL's bond expected returns. We can calculate the autocorrelation of NORTHWELL returns to help us make a trade decision. For example, suppose you find that NORTHWELL 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 |
NORTHWELL 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 NORTHWELL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTHWELL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTHWELL bond over time.
Current vs Lagged Prices |
| Timeline |
NORTHWELL Lagged Returns
When evaluating NORTHWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTHWELL bond have on its future price. NORTHWELL 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, NORTHWELL autocorrelation shows the relationship between NORTHWELL bond current value and its past values and can show if there is a momentum factor associated with investing in NORTHWELL HEALTHCARE INC.
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 NORTHWELL Bond
NORTHWELL financial ratios help investors to determine whether NORTHWELL 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 NORTHWELL with respect to the benefits of owning NORTHWELL security.