Global Healthcare Reit Stock Market Value
| GBCS Stock | USD 1.70 0.34 25.00% |
| Symbol | Global |
Global 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 Global Healthcare'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 Global Healthcare.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Global Healthcare on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Global Healthcare REIT or generate 0.0% return on investment in Global Healthcare over 90 days. Global Healthcare is related to or competes with Smart REIT, Phillips Edison, Simon Property, Inventrust Properties, Site Centers, Kite Realty, and Brixmor Property. was organized with the intent of operating as a real estate investment trust for the purpose of investing in real estate... More
Global 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 Global Healthcare'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 Global Healthcare REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 37.45 | |||
| Value At Risk | (11.50) | |||
| Potential Upside | 9.38 |
Global Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Healthcare's standard deviation. In reality, there are many statistical measures that can use Global Healthcare historical prices to predict the future Global Healthcare's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Global Healthcare REIT Backtested Returns
Global Healthcare REIT holds Efficiency (Sharpe) Ratio of -0.0115, which attests that the entity had a -0.0115% return per unit of risk over the last 3 months. Global Healthcare REIT exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Healthcare's Market Risk Adjusted Performance of (0.50), risk adjusted performance of 1.0E-4, and Standard Deviation of 5.97 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Healthcare is expected to be smaller as well. At this point, Global Healthcare REIT has a negative expected return of -0.0705%. Please make sure to check out Global Healthcare's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Global Healthcare REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Global Healthcare REIT has below average predictability. Overlapping area represents the amount of predictability between Global Healthcare time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Global Healthcare REIT price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Global Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Global Healthcare REIT lagged returns against current returns
Autocorrelation, which is Global Healthcare 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 Global Healthcare's pink sheet expected returns. We can calculate the autocorrelation of Global Healthcare returns to help us make a trade decision. For example, suppose you find that Global Healthcare 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 |
Global 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 Global Healthcare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Healthcare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Healthcare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Healthcare Lagged Returns
When evaluating Global Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Healthcare pink sheet have on its future price. Global 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, Global Healthcare autocorrelation shows the relationship between Global Healthcare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Healthcare REIT.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Global Pink Sheet Analysis
When running Global Healthcare's price analysis, check to measure Global 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 Global Healthcare is operating at the current time. Most of Global Healthcare's value examination focuses on studying past and present price action to predict the probability of Global 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 Global Healthcare's price. Additionally, you may evaluate how the addition of Global Healthcare to your portfolios can decrease your overall portfolio volatility.