Healixa Stock Market Value
| EMOR Stock | USD 0.06 0.01 18.00% |
| Symbol | Healixa |
Healixa '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 Healixa's pink sheet 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 Healixa.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Healixa on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Healixa or generate 0.0% return on investment in Healixa over 300 days. Healixa is related to or competes with GE HealthCare, Veeva Systems, Solventum Corp, HealthEquity, and Doximity. Healixa Inc. operates as a technology company with assets in both healthtech and fintech More
Healixa 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 Healixa's pink sheet 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 Healixa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.65 | |||
| Information Ratio | 0.0871 | |||
| Maximum Drawdown | 115.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Healixa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healixa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healixa's standard deviation. In reality, there are many statistical measures that can use Healixa historical prices to predict the future Healixa's volatility.| Risk Adjusted Performance | 0.0821 | |||
| Jensen Alpha | 1.84 | |||
| Total Risk Alpha | (1.01) | |||
| Sortino Ratio | 0.0733 | |||
| Treynor Ratio | (0.67) |
Healixa Backtested Returns
Healixa appears to be out of control, given 3 months investment horizon. Healixa holds Efficiency (Sharpe) Ratio of 0.0519, which attests that the entity had a 0.0519% return per unit of standard deviation over the last 3 months. By evaluating Healixa's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Healixa's market risk adjusted performance of (0.66), and Risk Adjusted Performance of 0.0821 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healixa holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -2.34, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Healixa are expected to decrease by larger amounts. On the other hand, during market turmoil, Healixa is expected to outperform it. Please check Healixa's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Healixa's current trending patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Healixa has poor reverse predictability. Overlapping area represents the amount of predictability between Healixa time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Healixa price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Healixa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Healixa lagged returns against current returns
Autocorrelation, which is Healixa pink sheet'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 Healixa's pink sheet expected returns. We can calculate the autocorrelation of Healixa returns to help us make a trade decision. For example, suppose you find that Healixa has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Healixa 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 Healixa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healixa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healixa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Healixa Lagged Returns
When evaluating Healixa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healixa pink sheet have on its future price. Healixa 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, Healixa autocorrelation shows the relationship between Healixa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Healixa.
Regressed Prices |
| Timeline |
Pair Trading with Healixa
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Healixa position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Healixa will appreciate offsetting losses from the drop in the long position's value.Moving against Healixa Pink Sheet
| 0.63 | NVDA | NVIDIA | PairCorr |
| 0.56 | MTHRF | M3 Inc | PairCorr |
| 0.46 | AIBBU | AIB Acquisition Corp | PairCorr |
| 0.44 | HQY | HealthEquity | PairCorr |
The ability to find closely correlated positions to Healixa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Healixa when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Healixa - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Healixa to buy it.
The correlation of Healixa is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Healixa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Healixa moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Healixa can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Healixa Pink Sheet Analysis
When running Healixa's price analysis, check to measure Healixa'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 Healixa is operating at the current time. Most of Healixa's value examination focuses on studying past and present price action to predict the probability of Healixa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Healixa's price. Additionally, you may evaluate how the addition of Healixa to your portfolios can decrease your overall portfolio volatility.