Austco Healthcare (Australia) Market Value
| AHC Stock | 0.25 0.01 4.17% |
| Symbol | Austco |
Austco 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 Austco 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 Austco Healthcare.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Austco Healthcare on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Austco Healthcare or generate 0.0% return on investment in Austco Healthcare over 30 days. Austco Healthcare is related to or competes with FSA, Tamawood, Rea, CSL, Macquarie, Xero, and Pro Medicus. Austco Healthcare is entity of Australia More
Austco 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 Austco 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 Austco Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.49 | |||
| Information Ratio | 0.059 | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.55 |
Austco Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austco Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austco Healthcare's standard deviation. In reality, there are many statistical measures that can use Austco Healthcare historical prices to predict the future Austco Healthcare's volatility.| Risk Adjusted Performance | 0.0844 | |||
| Jensen Alpha | 0.3255 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0407 | |||
| Treynor Ratio | (1.48) |
Austco Healthcare Backtested Returns
Austco Healthcare appears to be out of control, given 3 months investment horizon. Austco Healthcare secures Sharpe Ratio (or Efficiency) of 0.0797, which signifies that the company had a 0.0797% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Austco Healthcare, which you can use to evaluate the volatility of the firm. Please makes use of Austco Healthcare's Mean Deviation of 2.13, downside deviation of 4.49, and Risk Adjusted Performance of 0.0844 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Austco Healthcare holds a performance score of 6. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Austco Healthcare are expected to decrease at a much lower rate. During the bear market, Austco Healthcare is likely to outperform the market. Please check Austco Healthcare's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Austco Healthcare's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Austco Healthcare has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Austco Healthcare time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Austco Healthcare price movement. The serial correlation of -0.72 indicates that around 72.0% of current Austco Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Austco Healthcare lagged returns against current returns
Autocorrelation, which is Austco 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 Austco Healthcare's stock expected returns. We can calculate the autocorrelation of Austco Healthcare returns to help us make a trade decision. For example, suppose you find that Austco 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 |
Austco 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 Austco Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austco Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austco Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Austco Healthcare Lagged Returns
When evaluating Austco Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austco Healthcare stock have on its future price. Austco 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, Austco Healthcare autocorrelation shows the relationship between Austco Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Austco Healthcare.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Austco Stock Analysis
When running Austco Healthcare's price analysis, check to measure Austco 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 Austco Healthcare is operating at the current time. Most of Austco Healthcare's value examination focuses on studying past and present price action to predict the probability of Austco 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 Austco Healthcare's price. Additionally, you may evaluate how the addition of Austco Healthcare to your portfolios can decrease your overall portfolio volatility.