Metro Healthcare (Indonesia) Market Value
| CARE Stock | IDR 156.00 6.00 4.00% |
| Symbol | Metro |
Metro 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 Metro 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 Metro Healthcare.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Metro Healthcare on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Metro Healthcare Indonesia or generate 0.0% return on investment in Metro Healthcare over 720 days. Metro Healthcare is related to or competes with Medikaloka Hermina, Sarana Meditama, Mitra Keluarga, Bhakti Multi, and Surya Permata. PT Metro Healthcare Indonesia Tbk operates and manages hospitals in Indonesia More
Metro 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 Metro 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 Metro Healthcare Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.2946 | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 7.78 |
Metro Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metro Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metro Healthcare's standard deviation. In reality, there are many statistical measures that can use Metro Healthcare historical prices to predict the future Metro Healthcare's volatility.| Risk Adjusted Performance | 0.2639 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | 0.5755 | |||
| Sortino Ratio | 0.5272 | |||
| Treynor Ratio | (22.31) |
Metro Healthcare Ind Backtested Returns
Metro Healthcare is very steady given 3 months investment horizon. Metro Healthcare Ind has Sharpe Ratio of 0.35, which conveys that the firm had a 0.35% return per unit of risk over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Metro Healthcare Ind Mean Deviation of 2.44, risk adjusted performance of 0.2639, and Downside Deviation of 1.85 to evaluate company specific risk that cannot be diversified away. Metro Healthcare holds a performance score of 27 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0492, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metro Healthcare are expected to decrease at a much lower rate. During the bear market, Metro Healthcare is likely to outperform the market. Use Metro Healthcare Ind treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Metro Healthcare Ind.
Auto-correlation | -0.25 |
Weak reverse predictability
Metro Healthcare Indonesia has weak reverse predictability. Overlapping area represents the amount of predictability between Metro Healthcare time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Metro Healthcare Ind price movement. The serial correlation of -0.25 indicates that over 25.0% of current Metro Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1315.34 |
Metro Healthcare Ind lagged returns against current returns
Autocorrelation, which is Metro 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 Metro Healthcare's stock expected returns. We can calculate the autocorrelation of Metro Healthcare returns to help us make a trade decision. For example, suppose you find that Metro 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 |
Metro 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 Metro Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metro Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metro Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Metro Healthcare Lagged Returns
When evaluating Metro Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metro Healthcare stock have on its future price. Metro 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, Metro Healthcare autocorrelation shows the relationship between Metro Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Metro Healthcare Indonesia.
Regressed Prices |
| Timeline |
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Metro Healthcare financial ratios help investors to determine whether Metro 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 Metro with respect to the benefits of owning Metro Healthcare security.