Allscripts Healthcare (Germany) Market Value
| AL21 Stock | 9.20 0.20 2.13% |
| Symbol | Allscripts |
Allscripts 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 Allscripts 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 Allscripts Healthcare.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Allscripts Healthcare on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Allscripts Healthcare Solutions or generate 0.0% return on investment in Allscripts Healthcare over 30 days. Allscripts Healthcare is related to or competes with DFS Furniture, Carsales, Air Lease, WT OFFSHORE, CARSALESCOM, INTER CARS, and Solstad Offshore. More
Allscripts 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 Allscripts 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 Allscripts Healthcare Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.37 | |||
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 5917.76 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 10.23 |
Allscripts Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allscripts Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allscripts Healthcare's standard deviation. In reality, there are many statistical measures that can use Allscripts Healthcare historical prices to predict the future Allscripts Healthcare's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 79.81 | |||
| Total Risk Alpha | (21.05) | |||
| Sortino Ratio | 3.35 | |||
| Treynor Ratio | 1.2 |
Allscripts Healthcare Backtested Returns
Allscripts Healthcare is out of control given 3 months investment horizon. Allscripts Healthcare secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 14.5% are justified by taking the suggested risk. Use Allscripts Healthcare Risk Adjusted Performance of 0.1032, mean deviation of 176.11, and Downside Deviation of 26.37 to evaluate company specific risk that cannot be diversified away. Allscripts Healthcare holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 73.89, which signifies 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, Allscripts Healthcare will likely underperform. Use Allscripts Healthcare jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on Allscripts Healthcare.
Auto-correlation | -0.07 |
Very weak reverse predictability
Allscripts Healthcare Solutions has very weak reverse predictability. Overlapping area represents the amount of predictability between Allscripts Healthcare time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Allscripts Healthcare price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Allscripts Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Allscripts Healthcare lagged returns against current returns
Autocorrelation, which is Allscripts 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 Allscripts Healthcare's stock expected returns. We can calculate the autocorrelation of Allscripts Healthcare returns to help us make a trade decision. For example, suppose you find that Allscripts 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 |
Allscripts 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 Allscripts Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allscripts Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allscripts Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Allscripts Healthcare Lagged Returns
When evaluating Allscripts Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allscripts Healthcare stock have on its future price. Allscripts 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, Allscripts Healthcare autocorrelation shows the relationship between Allscripts Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Allscripts Healthcare Solutions.
Regressed Prices |
| Timeline |
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Additional Tools for Allscripts Stock Analysis
When running Allscripts Healthcare's price analysis, check to measure Allscripts 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 Allscripts Healthcare is operating at the current time. Most of Allscripts Healthcare's value examination focuses on studying past and present price action to predict the probability of Allscripts 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 Allscripts Healthcare's price. Additionally, you may evaluate how the addition of Allscripts Healthcare to your portfolios can decrease your overall portfolio volatility.