GUARDANT HEALTH (Germany) Market Value
| 5GH Stock | EUR 33.99 0.36 1.07% |
| Symbol | GUARDANT |
GUARDANT HEALTH '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 GUARDANT HEALTH'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 GUARDANT HEALTH.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in GUARDANT HEALTH on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding GUARDANT HEALTH CL or generate 0.0% return on investment in GUARDANT HEALTH over 450 days. GUARDANT HEALTH is related to or competes with Danaher, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, 2G ENERGY, and NorAm Drilling. Guardant Health, Inc., a precision oncology company, provides blood tests, data sets, and analytics in the United States... More
GUARDANT HEALTH 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 GUARDANT HEALTH'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 GUARDANT HEALTH CL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 20.42 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 8.18 |
GUARDANT HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GUARDANT HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GUARDANT HEALTH's standard deviation. In reality, there are many statistical measures that can use GUARDANT HEALTH historical prices to predict the future GUARDANT HEALTH's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.3908 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1445 | |||
| Treynor Ratio | 0.4276 |
GUARDANT HEALTH CL Backtested Returns
GUARDANT HEALTH appears to be not too volatile, given 3 months investment horizon. GUARDANT HEALTH CL retains Efficiency (Sharpe Ratio) of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By reviewing GUARDANT HEALTH's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize GUARDANT HEALTH's Market Risk Adjusted Performance of 0.4376, semi deviation of 2.48, and Coefficient Of Variation of 754.84 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GUARDANT HEALTH holds a performance score of 12. The company owns a Beta (Systematic Risk) of 1.27, which attests to 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, GUARDANT HEALTH will likely underperform. Please check GUARDANT HEALTH's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether GUARDANT HEALTH's current price history will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
GUARDANT HEALTH CL has very weak reverse predictability. Overlapping area represents the amount of predictability between GUARDANT HEALTH time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 GUARDANT HEALTH CL price movement. The serial correlation of -0.06 indicates that barely 6.0% of current GUARDANT HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 18.93 |
GUARDANT HEALTH CL lagged returns against current returns
Autocorrelation, which is GUARDANT HEALTH 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 GUARDANT HEALTH's stock expected returns. We can calculate the autocorrelation of GUARDANT HEALTH returns to help us make a trade decision. For example, suppose you find that GUARDANT HEALTH 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 |
GUARDANT HEALTH 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 GUARDANT HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GUARDANT HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GUARDANT HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
GUARDANT HEALTH Lagged Returns
When evaluating GUARDANT HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GUARDANT HEALTH stock have on its future price. GUARDANT HEALTH 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, GUARDANT HEALTH autocorrelation shows the relationship between GUARDANT HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in GUARDANT HEALTH CL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GUARDANT Stock
GUARDANT HEALTH financial ratios help investors to determine whether GUARDANT Stock 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 GUARDANT with respect to the benefits of owning GUARDANT HEALTH security.