EHEALTH (Germany) Market Value
| M5V Stock | EUR 4.66 0.12 2.51% |
| Symbol | EHEALTH |
EHEALTH '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 EHEALTH'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 EHEALTH.
| 04/02/2023 |
| 11/22/2024 |
EHEALTH 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 EHEALTH'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 EHEALTH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0916 | |||
| Maximum Drawdown | 16.09 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 7.35 |
EHEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EHEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EHEALTH's standard deviation. In reality, there are many statistical measures that can use EHEALTH historical prices to predict the future EHEALTH's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.3144 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.101 | |||
| Treynor Ratio | 0.4054 |
EHEALTH Backtested Returns
EHEALTH appears to be moderately volatile, given 3 months investment horizon. EHEALTH secures Sharpe Ratio (or Efficiency) of 0.0993, which denotes the company had a 0.0993% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for EHEALTH, which you can use to evaluate the volatility of the firm. Please utilize EHEALTH's downside deviation of 3.14, and Mean Deviation of 2.58 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EHEALTH holds a performance score of 7. The firm shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. EHEALTH returns are very sensitive to returns on the market. As the market goes up or down, EHEALTH is expected to follow. Please check EHEALTH's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether EHEALTH's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
EHEALTH has very weak reverse predictability. Overlapping area represents the amount of predictability between EHEALTH time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 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 EHEALTH price movement. The serial correlation of -0.1 indicates that less than 10.0% of current EHEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
EHEALTH lagged returns against current returns
Autocorrelation, which is EHEALTH 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 EHEALTH's stock expected returns. We can calculate the autocorrelation of EHEALTH returns to help us make a trade decision. For example, suppose you find that EHEALTH 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 |
EHEALTH 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 EHEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EHEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EHEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
EHEALTH Lagged Returns
When evaluating EHEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EHEALTH stock have on its future price. EHEALTH 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, EHEALTH autocorrelation shows the relationship between EHEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in EHEALTH.
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 Information and Resources on Investing in EHEALTH Stock
When determining whether EHEALTH offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EHEALTH'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 Ehealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ehealth Stock:Check out EHEALTH Correlation, EHEALTH Volatility and EHEALTH Alpha and Beta module to complement your research on EHEALTH. For information on how to trade EHEALTH Stock refer to our How to Trade EHEALTH Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
EHEALTH 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.