Comprehensive Healthcare Systems Stock Market Value
| CHS Stock | 0.01 0.01 100.00% |
| Symbol | Comprehensive |
Comprehensive Healthcare Price To Book Ratio
Comprehensive 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 Comprehensive 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 Comprehensive Healthcare.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Comprehensive Healthcare on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Comprehensive Healthcare Systems or generate 0.0% return on investment in Comprehensive Healthcare over 30 days. Comprehensive Healthcare is related to or competes with IShares Canadian, PHN Multi, Global X, Altagas Cum, EcoSynthetix, Financial, and Rubicon Organics. Comprehensive Healthcare is entity of Canada More
Comprehensive 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 Comprehensive 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 Comprehensive Healthcare Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1129 |
Comprehensive Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comprehensive Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comprehensive Healthcare's standard deviation. In reality, there are many statistical measures that can use Comprehensive Healthcare historical prices to predict the future Comprehensive Healthcare's volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 1.64 | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.33) |
Comprehensive Healthcare Backtested Returns
Comprehensive Healthcare is out of control given 3 months investment horizon. Comprehensive Healthcare secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.61% are justified by taking the suggested risk. Use Comprehensive Healthcare Risk Adjusted Performance of 0.1037, mean deviation of 2.98, and Standard Deviation of 12.31 to evaluate company specific risk that cannot be diversified away. Comprehensive Healthcare holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.14, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Comprehensive Healthcare are expected to decrease slowly. On the other hand, during market turmoil, Comprehensive Healthcare is expected to outperform it slightly. Use Comprehensive Healthcare standard deviation, skewness, as well as the relationship between the Skewness and day median price , to analyze future returns on Comprehensive Healthcare.
Auto-correlation | 0.00 |
No correlation between past and present
Comprehensive Healthcare Systems has no correlation between past and present. Overlapping area represents the amount of predictability between Comprehensive Healthcare time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Comprehensive Healthcare price movement. The serial correlation of 0.0 indicates that just 0.0% of current Comprehensive Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Comprehensive Healthcare lagged returns against current returns
Autocorrelation, which is Comprehensive 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 Comprehensive Healthcare's stock expected returns. We can calculate the autocorrelation of Comprehensive Healthcare returns to help us make a trade decision. For example, suppose you find that Comprehensive 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 |
Comprehensive 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 Comprehensive Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comprehensive Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comprehensive Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Comprehensive Healthcare Lagged Returns
When evaluating Comprehensive Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comprehensive Healthcare stock have on its future price. Comprehensive 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, Comprehensive Healthcare autocorrelation shows the relationship between Comprehensive Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Comprehensive Healthcare Systems.
Regressed Prices |
| Timeline |
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Additional Tools for Comprehensive Stock Analysis
When running Comprehensive Healthcare's price analysis, check to measure Comprehensive 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 Comprehensive Healthcare is operating at the current time. Most of Comprehensive Healthcare's value examination focuses on studying past and present price action to predict the probability of Comprehensive 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 Comprehensive Healthcare's price. Additionally, you may evaluate how the addition of Comprehensive Healthcare to your portfolios can decrease your overall portfolio volatility.