Life Healthcare (South Africa) Market Value
| LHC Stock | 1,668 74.00 4.25% |
| Symbol | Life |
Life 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 Life 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 Life Healthcare.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Life Healthcare on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Life Healthcare or generate 0.0% return on investment in Life Healthcare over 30 days. Life Healthcare is related to or competes with Kap Industrial, Frontier Transport, Harmony Gold, Reinet Investments, Bytes Technology, and E Media. More
Life 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 Life 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 Life Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.117 | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.4 |
Life Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Life Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Life Healthcare's standard deviation. In reality, there are many statistical measures that can use Life Healthcare historical prices to predict the future Life Healthcare's volatility.| Risk Adjusted Performance | 0.1471 | |||
| Jensen Alpha | 0.3197 | |||
| Total Risk Alpha | 0.0529 | |||
| Sortino Ratio | 0.1511 | |||
| Treynor Ratio | 2.87 |
Life Healthcare Backtested Returns
Life Healthcare appears to be very steady, given 3 months investment horizon. Life Healthcare has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Life Healthcare, which you can use to evaluate the volatility of the firm. Please exercise Life Healthcare's Downside Deviation of 1.44, mean deviation of 1.35, and Risk Adjusted Performance of 0.1471 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Life Healthcare holds a performance score of 10. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Life Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Life Healthcare is expected to be smaller as well. Please check Life Healthcare's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Life Healthcare's current price movements will revert.
Auto-correlation | 0.65 |
Good predictability
Life Healthcare has good predictability. Overlapping area represents the amount of predictability between Life Healthcare time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Life Healthcare price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Life Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 974.58 |
Life Healthcare lagged returns against current returns
Autocorrelation, which is Life 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 Life Healthcare's stock expected returns. We can calculate the autocorrelation of Life Healthcare returns to help us make a trade decision. For example, suppose you find that Life 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 |
Life 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 Life Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Life Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Life Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Life Healthcare Lagged Returns
When evaluating Life Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Life Healthcare stock have on its future price. Life 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, Life Healthcare autocorrelation shows the relationship between Life Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Life 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 Life Stock
Life Healthcare financial ratios help investors to determine whether Life 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 Life with respect to the benefits of owning Life Healthcare security.