Henry Schein (Germany) Market Value
| HS2 Stock | EUR 73.24 0.16 0.22% |
| Symbol | Henry |
Henry Schein '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 Henry Schein'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 Henry Schein.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Henry Schein on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Henry Schein or generate 0.0% return on investment in Henry Schein over 210 days. Henry Schein is related to or competes with MCEWEN MINING, Zijin Mining, LION ONE, Motorcar Parts, Natural Health, GRUPO CARSO-A1, and Evolution Mining. Henry Schein, Inc. provides health care products and services to dental practitioners and laboratories, physician practi... More
Henry Schein 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 Henry Schein'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 Henry Schein upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0495 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 3.42 |
Henry Schein Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henry Schein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henry Schein's standard deviation. In reality, there are many statistical measures that can use Henry Schein historical prices to predict the future Henry Schein's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.1323 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | 0.3303 |
Henry Schein Backtested Returns
Henry Schein appears to be very steady, given 3 months investment horizon. Henry Schein holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Henry Schein, which you can use to evaluate the volatility of the firm. Please utilize Henry Schein's Downside Deviation of 1.47, risk adjusted performance of 0.1027, and Market Risk Adjusted Performance of 0.3403 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Henry Schein holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Henry Schein's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henry Schein is expected to be smaller as well. Please check Henry Schein's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Henry Schein's current trending patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Henry Schein has poor reverse predictability. Overlapping area represents the amount of predictability between Henry Schein time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Henry Schein price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Henry Schein price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 9.05 |
Henry Schein lagged returns against current returns
Autocorrelation, which is Henry Schein 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 Henry Schein's stock expected returns. We can calculate the autocorrelation of Henry Schein returns to help us make a trade decision. For example, suppose you find that Henry Schein 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 |
Henry Schein 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 Henry Schein stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henry Schein stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henry Schein stock over time.
Current vs Lagged Prices |
| Timeline |
Henry Schein Lagged Returns
When evaluating Henry Schein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henry Schein stock have on its future price. Henry Schein 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, Henry Schein autocorrelation shows the relationship between Henry Schein stock current value and its past values and can show if there is a momentum factor associated with investing in Henry Schein.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Henry Stock
When determining whether Henry Schein offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Henry Schein's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Henry Schein Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Henry Schein Stock:Check out Henry Schein Correlation, Henry Schein Volatility and Henry Schein Alpha and Beta module to complement your research on Henry Schein. For more detail on how to invest in Henry Stock please use our How to Invest in Henry Schein guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Henry Schein 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.