Healthcare Stock Market Value
| HLTC Stock | USD 7.70 0.32 3.99% |
| Symbol | HealthCare |
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 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 HealthCare.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in HealthCare on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding HealthCare or generate 0.0% return on investment in HealthCare over 30 days. HealthCare is related to or competes with Joint Corp, LENSAR, Cardinal Health, Merit Medical, Tandem Diabetes, Albemarle, and Mosaic. Healthcare Trust, Inc. is a publicly registered real estate investment trust focused on acquiring a diversified portfoli... More
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 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 HealthCare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0984 | |||
| Maximum Drawdown | 339.86 |
HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HealthCare's standard deviation. In reality, there are many statistical measures that can use HealthCare historical prices to predict the future HealthCare's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 4.62 | |||
| Total Risk Alpha | 0.4853 | |||
| Treynor Ratio | (2.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 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.
HealthCare Backtested Returns
HealthCare is abnormally volatile given 3 months investment horizon. HealthCare holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1 % return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for nineteen different technical indicators, which can help you to evaluate if expected returns of 4.51% are justified by taking the suggested risk. Use HealthCare market risk adjusted performance of (2.87), and Risk Adjusted Performance of 0.0939 to evaluate company specific risk that cannot be diversified away. HealthCare holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.56, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning HealthCare are expected to decrease by larger amounts. On the other hand, during market turmoil, HealthCare is expected to outperform it. Use HealthCare total risk alpha, and the relationship between the standard deviation and rate of daily change , to analyze future returns on HealthCare.
Auto-correlation | 0.00 |
No correlation between past and present
HealthCare has no correlation between past and present. Overlapping area represents the amount of predictability between HealthCare time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. 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 price movement. The serial correlation of 0.0 indicates that just 0.0% of current HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
HealthCare lagged returns against current returns
Autocorrelation, which is 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 HealthCare's pink sheet expected returns. We can calculate the autocorrelation of HealthCare returns to help us make a trade decision. For example, suppose you find that 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 |
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 HealthCare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 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 HealthCare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
HealthCare Lagged Returns
When evaluating HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HealthCare pink sheet have on its future price. 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, HealthCare autocorrelation shows the relationship between HealthCare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in HealthCare.
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 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 security.