Induction Healthcare (UK) Market Value
| INHC Stock | 9.00 0.00 0.00% |
| Symbol | Induction |
Induction 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 Induction Healthcare'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 Induction Healthcare.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Induction Healthcare on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Induction Healthcare Group or generate 0.0% return on investment in Induction Healthcare over 300 days. Induction Healthcare is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and MOL Hungarian. Induction Healthcare is entity of United Kingdom More
Induction 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 Induction Healthcare'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 Induction Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.6 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Induction Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Induction Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Induction Healthcare's standard deviation. In reality, there are many statistical measures that can use Induction Healthcare historical prices to predict the future Induction Healthcare's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.11) |
Induction Healthcare Backtested Returns
Currently, Induction Healthcare Group is slightly risky. Induction Healthcare holds Efficiency (Sharpe) Ratio of 0.0172, which attests that the entity had a 0.0172% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Induction Healthcare, which you can use to evaluate the volatility of the firm. Please check out Induction Healthcare's Market Risk Adjusted Performance of (0.1), risk adjusted performance of (0.01), and Standard Deviation of 3.71 to validate if the risk estimate we provide is consistent with the expected return of 0.0609%. Induction Healthcare has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Induction Healthcare returns are very sensitive to returns on the market. As the market goes up or down, Induction Healthcare is expected to follow. Induction Healthcare right now retains a risk of 3.55%. Please check out Induction Healthcare coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Induction Healthcare will be following its current trending patterns.
Auto-correlation | 0.79 |
Good predictability
Induction Healthcare Group has good predictability. Overlapping area represents the amount of predictability between Induction Healthcare time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Induction Healthcare price movement. The serial correlation of 0.79 indicates that around 79.0% of current Induction Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 1.98 |
Induction Healthcare lagged returns against current returns
Autocorrelation, which is Induction Healthcare 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 Induction Healthcare's stock expected returns. We can calculate the autocorrelation of Induction Healthcare returns to help us make a trade decision. For example, suppose you find that Induction Healthcare 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 |
Induction 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 Induction Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Induction Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Induction Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Induction Healthcare Lagged Returns
When evaluating Induction Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Induction Healthcare stock have on its future price. Induction 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, Induction Healthcare autocorrelation shows the relationship between Induction Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Induction Healthcare Group.
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.Additional Tools for Induction Stock Analysis
When running Induction Healthcare's price analysis, check to measure Induction Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Induction Healthcare is operating at the current time. Most of Induction Healthcare's value examination focuses on studying past and present price action to predict the probability of Induction Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Induction Healthcare's price. Additionally, you may evaluate how the addition of Induction Healthcare to your portfolios can decrease your overall portfolio volatility.