Healthcare Services (Germany) Market Value
| HS1 Stock | EUR 10.60 0.20 1.92% |
| Symbol | Healthcare |
Healthcare Services '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 Services' 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 Services.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Healthcare Services on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Healthcare Services Group or generate 0.0% return on investment in Healthcare Services over 720 days. Healthcare Services is related to or competes with Air Lease, SPARTAN STORES, Sixt Leasing, FUYO GENERAL, Qurate Retail, and CapitaLand Investment. Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry... More
Healthcare Services 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 Services' 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 Services Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.74 |
Healthcare Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Services' standard deviation. In reality, there are many statistical measures that can use Healthcare Services historical prices to predict the future Healthcare Services' volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.1596 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0391 | |||
| Treynor Ratio | 0.5331 |
Healthcare Services Backtested Returns
At this point, Healthcare Services is not too volatile. Healthcare Services holds Efficiency (Sharpe) Ratio of 0.081, which attests that the entity had a 0.081% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Healthcare Services, which you can use to evaluate the volatility of the firm. Please check out Healthcare Services' market risk adjusted performance of 0.5431, and Risk Adjusted Performance of 0.0779 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Healthcare Services has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Healthcare Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Healthcare Services is expected to be smaller as well. Healthcare Services right now retains a risk of 2.21%. Please check out Healthcare Services semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Healthcare Services will be following its current trending patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Healthcare Services Group has virtually no predictability. Overlapping area represents the amount of predictability between Healthcare Services time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Healthcare Services price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Healthcare Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Healthcare Services lagged returns against current returns
Autocorrelation, which is Healthcare Services 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 Services' stock expected returns. We can calculate the autocorrelation of Healthcare Services returns to help us make a trade decision. For example, suppose you find that Healthcare Services 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 Services 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 Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Services stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Services Lagged Returns
When evaluating Healthcare Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Services stock have on its future price. Healthcare Services 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 Services autocorrelation shows the relationship between Healthcare Services stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Services Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Healthcare Stock
When determining whether Healthcare Services is a strong investment it is important to analyze Healthcare Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Healthcare Services' future performance. For an informed investment choice regarding Healthcare Stock, refer to the following important reports:Check out Healthcare Services Correlation, Healthcare Services Volatility and Healthcare Services Alpha and Beta module to complement your research on Healthcare Services. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Healthcare Services technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.