Healthcare Integrated Technologies Stock Market Value
| HITC Stock | USD 0.12 0.02 20.00% |
| Symbol | Healthcare |
Healthcare Integrated '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 Integrated'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 Healthcare Integrated.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Healthcare Integrated on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Healthcare Integrated Technologies or generate 0.0% return on investment in Healthcare Integrated over 180 days. Healthcare Integrated is related to or competes with GE HealthCare, Veeva Systems, Solventum Corp, Doximity, and HealthEquity. Healthcare Integrated Technologies, Inc., through its subsidiary, develops healthcare technology solutions to integrate ... More
Healthcare Integrated 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 Integrated'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 Healthcare Integrated Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.7 | |||
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 40.33 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 15.79 |
Healthcare Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Integrated's standard deviation. In reality, there are many statistical measures that can use Healthcare Integrated historical prices to predict the future Healthcare Integrated's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.9081 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Healthcare Integrated'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.
Healthcare Integrated Backtested Returns
Healthcare Integrated appears to be out of control, given 3 months investment horizon. Healthcare Integrated holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of standard deviation over the last 3 months. By evaluating Healthcare Integrated's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please utilize Healthcare Integrated's risk adjusted performance of 0.0826, and Market Risk Adjusted Performance of (0.45) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthcare Integrated holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -1.54, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Healthcare Integrated are expected to decrease by larger amounts. On the other hand, during market turmoil, Healthcare Integrated is expected to outperform it. Please check Healthcare Integrated's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Healthcare Integrated's current trending patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Healthcare Integrated Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Healthcare Integrated time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Integrated price movement. The serial correlation of -0.68 indicates that around 68.0% of current Healthcare Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Healthcare Integrated lagged returns against current returns
Autocorrelation, which is Healthcare Integrated 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 Healthcare Integrated's pink sheet expected returns. We can calculate the autocorrelation of Healthcare Integrated returns to help us make a trade decision. For example, suppose you find that Healthcare Integrated 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 |
Healthcare Integrated 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 Integrated pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Integrated pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Integrated pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Integrated Lagged Returns
When evaluating Healthcare Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Integrated pink sheet have on its future price. Healthcare Integrated 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 Integrated autocorrelation shows the relationship between Healthcare Integrated pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Integrated Technologies.
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 Pink Sheet
Healthcare Integrated financial ratios help investors to determine whether Healthcare Pink Sheet 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 Integrated security.