Healthlead Public (Thailand) Market Value
| HL Stock | 8.75 0.30 3.55% |
| Symbol | Healthlead |
Healthlead Public '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 Healthlead Public'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 Healthlead Public.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Healthlead Public on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Healthlead Public or generate 0.0% return on investment in Healthlead Public over 30 days. Healthlead Public is related to or competes with Dohome Public, Humanica Public, Jay Mart, and Siam Global. More
Healthlead Public 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 Healthlead Public'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 Healthlead Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.112 | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.68 |
Healthlead Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthlead Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthlead Public's standard deviation. In reality, there are many statistical measures that can use Healthlead Public historical prices to predict the future Healthlead Public's volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.3417 | |||
| Total Risk Alpha | 0.0641 | |||
| Sortino Ratio | 0.1179 | |||
| Treynor Ratio | (1.15) |
Healthlead Public Backtested Returns
Healthlead Public appears to be not too volatile, given 3 months investment horizon. Healthlead Public 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. We have found thirty technical indicators for Healthlead Public, which you can use to evaluate the volatility of the firm. Please utilize Healthlead Public's risk adjusted performance of 0.135, and Market Risk Adjusted Performance of (1.14) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthlead Public holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Healthlead Public are expected to decrease at a much lower rate. During the bear market, Healthlead Public is likely to outperform the market. Please check Healthlead Public's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether Healthlead Public's current trending patterns will revert.
Auto-correlation | -0.9 |
Excellent reverse predictability
Healthlead Public has excellent reverse predictability. Overlapping area represents the amount of predictability between Healthlead Public time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Healthlead Public price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Healthlead Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Healthlead Public lagged returns against current returns
Autocorrelation, which is Healthlead Public 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 Healthlead Public's stock expected returns. We can calculate the autocorrelation of Healthlead Public returns to help us make a trade decision. For example, suppose you find that Healthlead Public 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 |
Healthlead Public 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 Healthlead Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthlead Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthlead Public stock over time.
Current vs Lagged Prices |
| Timeline |
Healthlead Public Lagged Returns
When evaluating Healthlead Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthlead Public stock have on its future price. Healthlead Public 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, Healthlead Public autocorrelation shows the relationship between Healthlead Public stock current value and its past values and can show if there is a momentum factor associated with investing in Healthlead Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Healthlead Stock
Healthlead Public financial ratios help investors to determine whether Healthlead 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 Healthlead with respect to the benefits of owning Healthlead Public security.