DaVita (Brazil) Market Value
| DVAI34 Stock | BRL 1,028 37.22 3.76% |
| Symbol | DaVita |
DaVita '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 DaVita'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 DaVita.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in DaVita on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding DaVita Inc or generate 0.0% return on investment in DaVita over 360 days. DaVita is related to or competes with Unifique Telecomunicaes, Ross Stores, Monster Beverage, Marfrig Global, Align Technology, Unity Software, and Delta Air. DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal dise... More
DaVita 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 DaVita'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 DaVita Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1248 | |||
| Maximum Drawdown | 28.4 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.71 |
DaVita Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DaVita's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DaVita's standard deviation. In reality, there are many statistical measures that can use DaVita historical prices to predict the future DaVita's volatility.| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.4465 | |||
| Total Risk Alpha | 0.0057 | |||
| Sortino Ratio | 0.0899 | |||
| Treynor Ratio | 1.48 |
DaVita Inc Backtested Returns
DaVita appears to be very steady, given 3 months investment horizon. DaVita Inc secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of volatility over the last 3 months. By inspecting DaVita's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize DaVita's Mean Deviation of 1.42, downside deviation of 4.02, and Market Risk Adjusted Performance of 1.49 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DaVita holds a performance score of 13. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, DaVita's returns are expected to increase less than the market. However, during the bear market, the loss of holding DaVita is expected to be smaller as well. Please check DaVita's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether DaVita's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
DaVita Inc has good predictability. Overlapping area represents the amount of predictability between DaVita time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 DaVita Inc price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current DaVita price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 4021.34 |
DaVita Inc lagged returns against current returns
Autocorrelation, which is DaVita 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 DaVita's stock expected returns. We can calculate the autocorrelation of DaVita returns to help us make a trade decision. For example, suppose you find that DaVita 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 |
DaVita 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 DaVita stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DaVita stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DaVita stock over time.
Current vs Lagged Prices |
| Timeline |
DaVita Lagged Returns
When evaluating DaVita's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DaVita stock have on its future price. DaVita 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, DaVita autocorrelation shows the relationship between DaVita stock current value and its past values and can show if there is a momentum factor associated with investing in DaVita Inc.
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 DaVita Stock
DaVita financial ratios help investors to determine whether DaVita 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 DaVita with respect to the benefits of owning DaVita security.