Fortis Healthcare (India) Market Value
| FORTIS Stock | 628.55 47.35 8.15% |
| Symbol | Fortis |
Fortis 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 Fortis 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 Fortis Healthcare.
| 10/02/2024 |
| 01/30/2025 |
If you would invest 0.00 in Fortis Healthcare on October 2, 2024 and sell it all today you would earn a total of 0.00 from holding Fortis Healthcare Limited or generate 0.0% return on investment in Fortis Healthcare over 120 days. Fortis Healthcare is related to or competes with Cholamandalam Investment, Bajaj Holdings, Tata Investment, Reliance Home, Kalyani Investment, Bombay Burmah, and Repco Home. Fortis Healthcare is entity of India. It is traded as Stock on NSE exchange. More
Fortis 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 Fortis 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 Fortis Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0241 | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.48 |
Fortis Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortis Healthcare's standard deviation. In reality, there are many statistical measures that can use Fortis Healthcare historical prices to predict the future Fortis Healthcare's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1318 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0252 | |||
| Treynor Ratio | 8.42 |
Fortis Healthcare Backtested Returns
At this point, Fortis Healthcare is very steady. Fortis Healthcare secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortis Healthcare Limited, which you can use to evaluate the volatility of the firm. Please confirm Fortis Healthcare's Mean Deviation of 1.87, downside deviation of 2.31, and Coefficient Of Variation of 1687.15 to check if the risk estimate we provide is consistent with the expected return of 0.0111%. The firm shows a Beta (market volatility) of 0.0158, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortis Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortis Healthcare is expected to be smaller as well. Fortis Healthcare right now shows a risk of 2.43%. Please confirm Fortis Healthcare value at risk, as well as the relationship between the skewness and day median price , to decide if Fortis Healthcare will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Fortis Healthcare Limited has good reverse predictability. Overlapping area represents the amount of predictability between Fortis Healthcare time series from 2nd of October 2024 to 1st of December 2024 and 1st of December 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortis Healthcare price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Fortis Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1440.16 |
Fortis Healthcare lagged returns against current returns
Autocorrelation, which is Fortis 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 Fortis Healthcare's stock expected returns. We can calculate the autocorrelation of Fortis Healthcare returns to help us make a trade decision. For example, suppose you find that Fortis 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 |
Fortis 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 Fortis Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortis Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortis Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Fortis Healthcare Lagged Returns
When evaluating Fortis Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortis Healthcare stock have on its future price. Fortis 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, Fortis Healthcare autocorrelation shows the relationship between Fortis Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Fortis Healthcare Limited.
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 Fortis Stock
Fortis Healthcare financial ratios help investors to determine whether Fortis 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 Fortis with respect to the benefits of owning Fortis Healthcare security.