Inst Diagnosti (Chile) Market Value
| INDISA Stock | CLP 1,591 4.40 0.28% |
| Symbol | Inst |
Inst Diagnosti '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 Inst Diagnosti'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 Inst Diagnosti.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Inst Diagnosti on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Inst Diagnosti or generate 0.0% return on investment in Inst Diagnosti over 30 days. Inst Diagnosti is related to or competes with Banco De, LATAM Airlines, and Multiexport Foods. Instituto de Diagnstico S.A. provides healthcare services in various medical specialties and sub-specialties in Chile More
Inst Diagnosti 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 Inst Diagnosti'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 Inst Diagnosti upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0542 | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.5 |
Inst Diagnosti Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inst Diagnosti's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inst Diagnosti's standard deviation. In reality, there are many statistical measures that can use Inst Diagnosti historical prices to predict the future Inst Diagnosti's volatility.| Risk Adjusted Performance | 0.0815 | |||
| Jensen Alpha | 0.1052 | |||
| Total Risk Alpha | 0.0247 | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | 0.322 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inst Diagnosti'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.
Inst Diagnosti Backtested Returns
Inst Diagnosti appears to be very steady, given 3 months investment horizon. Inst Diagnosti holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inst Diagnosti, which you can use to evaluate the volatility of the firm. Please utilize Inst Diagnosti's Downside Deviation of 1.25, market risk adjusted performance of 0.332, and Risk Adjusted Performance of 0.0815 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inst Diagnosti holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inst Diagnosti's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inst Diagnosti is expected to be smaller as well. Please check Inst Diagnosti's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Inst Diagnosti's current trending patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Inst Diagnosti has modest reverse predictability. Overlapping area represents the amount of predictability between Inst Diagnosti time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Inst Diagnosti price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Inst Diagnosti price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
Inst Diagnosti lagged returns against current returns
Autocorrelation, which is Inst Diagnosti 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 Inst Diagnosti's stock expected returns. We can calculate the autocorrelation of Inst Diagnosti returns to help us make a trade decision. For example, suppose you find that Inst Diagnosti 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 |
Inst Diagnosti 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 Inst Diagnosti stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inst Diagnosti stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inst Diagnosti stock over time.
Current vs Lagged Prices |
| Timeline |
Inst Diagnosti Lagged Returns
When evaluating Inst Diagnosti's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inst Diagnosti stock have on its future price. Inst Diagnosti 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, Inst Diagnosti autocorrelation shows the relationship between Inst Diagnosti stock current value and its past values and can show if there is a momentum factor associated with investing in Inst Diagnosti.
Regressed Prices |
| Timeline |
Pair Trading with Inst Diagnosti
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inst Diagnosti position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inst Diagnosti will appreciate offsetting losses from the drop in the long position's value.Moving together with Inst Stock
Moving against Inst Stock
The ability to find closely correlated positions to Inst Diagnosti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inst Diagnosti when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inst Diagnosti - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inst Diagnosti to buy it.
The correlation of Inst Diagnosti is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inst Diagnosti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inst Diagnosti moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inst Diagnosti can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Inst Stock
Inst Diagnosti financial ratios help investors to determine whether Inst 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 Inst with respect to the benefits of owning Inst Diagnosti security.