Atrys Health (Spain) Market Value
| ATRY Stock | EUR 3.23 0.04 1.22% |
| Symbol | Atrys |
Atrys 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 Atrys 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 Atrys Health.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Atrys Health on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Atrys Health SL or generate 0.0% return on investment in Atrys Health over 30 days. Atrys Health is related to or competes with Laboratorios Farmaceuticos, Oryzon Genomics. Atrys Health, S.A., a biomedical company, provides diagnostic services and medical treatments More
Atrys 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 Atrys 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 Atrys Health SL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 3.74 |
Atrys Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atrys Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atrys Health's standard deviation. In reality, there are many statistical measures that can use Atrys Health historical prices to predict the future Atrys Health's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.43) |
Atrys Health SL Backtested Returns
Atrys Health SL secures Sharpe Ratio (or Efficiency) of -0.078, which signifies that the company had a -0.078% return per unit of risk over the last 3 months. Atrys Health SL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atrys Health's Standard Deviation of 1.76, mean deviation of 1.37, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atrys Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atrys Health is expected to be smaller as well. At this point, Atrys Health SL has a negative expected return of -0.14%. Please make sure to confirm Atrys Health's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Atrys Health SL performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Atrys Health SL has excellent reverse predictability. Overlapping area represents the amount of predictability between Atrys Health time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Atrys Health SL price movement. The serial correlation of -0.82 indicates that around 82.0% of current Atrys Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Atrys Health SL lagged returns against current returns
Autocorrelation, which is Atrys 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 Atrys Health's stock expected returns. We can calculate the autocorrelation of Atrys Health returns to help us make a trade decision. For example, suppose you find that Atrys 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 |
Atrys 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 Atrys Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atrys Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atrys Health stock over time.
Current vs Lagged Prices |
| Timeline |
Atrys Health Lagged Returns
When evaluating Atrys Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atrys Health stock have on its future price. Atrys 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, Atrys Health autocorrelation shows the relationship between Atrys Health stock current value and its past values and can show if there is a momentum factor associated with investing in Atrys Health SL.
Regressed Prices |
| Timeline |
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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 Atrys Stock
Atrys Health financial ratios help investors to determine whether Atrys 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 Atrys with respect to the benefits of owning Atrys Health security.