National Health Scan Stock Market Value
| GEGR Stock | USD 0.03 0.01 25.00% |
| Symbol | National |
National Health '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 National Health'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 National Health.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in National Health on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding National Health Scan or generate 0.0% return on investment in National Health over 360 days. iWeb Corporation operates as a medical or healthcare industry business incubator More
National Health 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 National Health'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 National Health Scan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.11 | |||
| Information Ratio | 0.1099 | |||
| Maximum Drawdown | 151.52 | |||
| Value At Risk | (28.00) | |||
| Potential Upside | 38.89 |
National Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Health's standard deviation. In reality, there are many statistical measures that can use National Health historical prices to predict the future National Health's volatility.| Risk Adjusted Performance | 0.0978 | |||
| Jensen Alpha | 2.07 | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | 0.1359 | |||
| Treynor Ratio | 0.3925 |
National Health Scan Backtested Returns
National Health is out of control given 3 months investment horizon. National Health Scan has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.53% are justified by taking the suggested risk. Use National Health Scan Downside Deviation of 21.11, mean deviation of 14.9, and Risk Adjusted Performance of 0.0978 to evaluate company specific risk that cannot be diversified away. National Health holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 7.62, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, National Health will likely underperform. Use National Health Scan value at risk, as well as the relationship between the skewness and day typical price , to analyze future returns on National Health Scan.
Auto-correlation | -0.63 |
Very good reverse predictability
National Health Scan has very good reverse predictability. Overlapping area represents the amount of predictability between National Health time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 National Health Scan price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current National Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
National Health Scan lagged returns against current returns
Autocorrelation, which is National Health 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 National Health's pink sheet expected returns. We can calculate the autocorrelation of National Health returns to help us make a trade decision. For example, suppose you find that National Health 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 |
National Health 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 National Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
National Health Lagged Returns
When evaluating National Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Health pink sheet have on its future price. National Health 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, National Health autocorrelation shows the relationship between National Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in National Health Scan.
Regressed Prices |
| Timeline |
Pair Trading with National Health
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 National Health 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 National Health will appreciate offsetting losses from the drop in the long position's value.Moving against National Pink Sheet
The ability to find closely correlated positions to National Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Health 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 National Health - 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 National Health Scan to buy it.
The correlation of National Health 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 National Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Health Scan 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 National Health 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 National Pink Sheet Analysis
When running National Health's price analysis, check to measure National Health'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 National Health is operating at the current time. Most of National Health's value examination focuses on studying past and present price action to predict the probability of National Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Health's price. Additionally, you may evaluate how the addition of National Health to your portfolios can decrease your overall portfolio volatility.