Apollo Hospitals (India) Market Value
| APOLLOHOSP | 6,935 192.60 2.86% |
| Symbol | Apollo |
Apollo Hospitals '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 Apollo Hospitals' 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 Apollo Hospitals.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Apollo Hospitals on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Apollo Hospitals Enterprise or generate 0.0% return on investment in Apollo Hospitals over 90 days. Apollo Hospitals is related to or competes with Alkali Metals, V Mart, Reliance Industrial, Lakshmi Finance, Future Retail, Ratnamani Metals, and Sarthak Metals. Apollo Hospitals is entity of India. It is traded as Stock on NSE exchange. More
Apollo Hospitals 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 Apollo Hospitals' 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 Apollo Hospitals Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.23 |
Apollo Hospitals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apollo Hospitals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apollo Hospitals' standard deviation. In reality, there are many statistical measures that can use Apollo Hospitals historical prices to predict the future Apollo Hospitals' volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.015 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1626 |
Apollo Hospitals Ent Backtested Returns
Apollo Hospitals is very steady at the moment. Apollo Hospitals Ent secures Sharpe Ratio (or Efficiency) of 0.0322, which signifies that the company had a 0.0322% return per unit of risk over the last 3 months. We have found thirty technical indicators for Apollo Hospitals Enterprise, which you can use to evaluate the volatility of the firm. Please confirm Apollo Hospitals' Mean Deviation of 0.9191, downside deviation of 1.3, and Risk Adjusted Performance of 0.0416 to double-check if the risk estimate we provide is consistent with the expected return of 0.0458%. Apollo Hospitals has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Apollo Hospitals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Apollo Hospitals is expected to be smaller as well. Apollo Hospitals Ent right now shows a risk of 1.42%. Please confirm Apollo Hospitals Ent semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Apollo Hospitals Ent will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
Apollo Hospitals Enterprise has below average predictability. Overlapping area represents the amount of predictability between Apollo Hospitals time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Apollo Hospitals Ent price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Apollo Hospitals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 22.7 K |
Apollo Hospitals Ent lagged returns against current returns
Autocorrelation, which is Apollo Hospitals 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 Apollo Hospitals' stock expected returns. We can calculate the autocorrelation of Apollo Hospitals returns to help us make a trade decision. For example, suppose you find that Apollo Hospitals 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 |
Apollo Hospitals 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 Apollo Hospitals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apollo Hospitals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apollo Hospitals stock over time.
Current vs Lagged Prices |
| Timeline |
Apollo Hospitals Lagged Returns
When evaluating Apollo Hospitals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apollo Hospitals stock have on its future price. Apollo Hospitals 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, Apollo Hospitals autocorrelation shows the relationship between Apollo Hospitals stock current value and its past values and can show if there is a momentum factor associated with investing in Apollo Hospitals Enterprise.
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 Apollo Stock
Apollo Hospitals financial ratios help investors to determine whether Apollo 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 Apollo with respect to the benefits of owning Apollo Hospitals security.