Healthcare Global (India) Market Value
| HCG Stock | 473.05 4.75 1.01% |
| Symbol | Healthcare |
Healthcare Global '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 Healthcare Global'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 Healthcare Global.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Healthcare Global on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Healthcare Global Enterprises or generate 0.0% return on investment in Healthcare Global over 90 days. Healthcare Global is related to or competes with Indian Railway, Cholamandalam Financial, Reliance Industries, Tata Consultancy, and Piramal Enterprises. Healthcare Global is entity of India. It is traded as Stock on NSE exchange. More
Healthcare Global 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 Healthcare Global'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 Healthcare Global Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.138 | |||
| Maximum Drawdown | 10.07 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.92 |
Healthcare Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Global's standard deviation. In reality, there are many statistical measures that can use Healthcare Global historical prices to predict the future Healthcare Global's volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.3093 | |||
| Total Risk Alpha | 0.0823 | |||
| Sortino Ratio | 0.2085 | |||
| Treynor Ratio | 0.5655 |
Healthcare Global Backtested Returns
Healthcare Global appears to be very steady, given 3 months investment horizon. Healthcare Global holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Healthcare Global, which you can use to evaluate the volatility of the firm. Please utilize Healthcare Global's risk adjusted performance of 0.1627, and Market Risk Adjusted Performance of 0.5755 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthcare Global holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Healthcare Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Healthcare Global is expected to be smaller as well. Please check Healthcare Global's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Healthcare Global's current trending patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Healthcare Global Enterprises has modest predictability. Overlapping area represents the amount of predictability between Healthcare Global 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 Healthcare Global price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Healthcare Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 290.1 |
Healthcare Global lagged returns against current returns
Autocorrelation, which is Healthcare Global 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 Healthcare Global's stock expected returns. We can calculate the autocorrelation of Healthcare Global returns to help us make a trade decision. For example, suppose you find that Healthcare Global 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 |
Healthcare Global 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 Healthcare Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Global stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Global Lagged Returns
When evaluating Healthcare Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Global stock have on its future price. Healthcare Global 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, Healthcare Global autocorrelation shows the relationship between Healthcare Global stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Global Enterprises.
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 Healthcare Stock
Healthcare Global financial ratios help investors to determine whether Healthcare 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 Healthcare with respect to the benefits of owning Healthcare Global security.