Phreesia (Germany) Market Value
| 19P Stock | EUR 23.00 0.40 1.71% |
| Symbol | Phreesia |
Phreesia '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 Phreesia'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 Phreesia.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Phreesia on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Phreesia or generate 0.0% return on investment in Phreesia over 30 days. Phreesia is related to or competes with ELMOS SEMICONDUCTOR, ARROW ELECTRONICS, TT Electronics, KIMBALL ELECTRONICS, Tower Semiconductor, Taiwan Semiconductor, and AOI Electronics. Phreesia, Inc. provides an integrated SaaS-based software and payment platform for the healthcare industry in the United... More
Phreesia 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 Phreesia'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 Phreesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.24 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 31.52 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.33 |
Phreesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phreesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phreesia's standard deviation. In reality, there are many statistical measures that can use Phreesia historical prices to predict the future Phreesia's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.12 | |||
| Total Risk Alpha | 0.0483 | |||
| Sortino Ratio | 0.0335 | |||
| Treynor Ratio | 0.0851 |
Phreesia Backtested Returns
Phreesia appears to be somewhat reliable, given 3 months investment horizon. Phreesia maintains Sharpe Ratio (i.e., Efficiency) of 0.0554, which implies the firm had a 0.0554% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Phreesia, which you can use to evaluate the volatility of the company. Please evaluate Phreesia's Coefficient Of Variation of 2263.33, semi deviation of 3.63, and Risk Adjusted Performance of 0.0431 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Phreesia holds a performance score of 4. The company holds a Beta of 1.95, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Phreesia will likely underperform. Please check Phreesia's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Phreesia's historical price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Phreesia has very good predictability. Overlapping area represents the amount of predictability between Phreesia time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 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 Phreesia price movement. The serial correlation of 0.85 indicates that around 85.0% of current Phreesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Phreesia lagged returns against current returns
Autocorrelation, which is Phreesia 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 Phreesia's stock expected returns. We can calculate the autocorrelation of Phreesia returns to help us make a trade decision. For example, suppose you find that Phreesia 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 |
Phreesia 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 Phreesia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phreesia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phreesia stock over time.
Current vs Lagged Prices |
| Timeline |
Phreesia Lagged Returns
When evaluating Phreesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phreesia stock have on its future price. Phreesia 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, Phreesia autocorrelation shows the relationship between Phreesia stock current value and its past values and can show if there is a momentum factor associated with investing in Phreesia.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Phreesia Stock
When determining whether Phreesia is a strong investment it is important to analyze Phreesia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Phreesia's future performance. For an informed investment choice regarding Phreesia Stock, refer to the following important reports:Check out Phreesia Correlation, Phreesia Volatility and Phreesia Alpha and Beta module to complement your research on Phreesia. For more detail on how to invest in Phreesia Stock please use our How to Invest in Phreesia guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Phreesia 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.