Nutex Health Stock Market Value
| NUTX Stock | USD 32.91 1.02 3.20% |
| Symbol | Nutex |
Nutex Health Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nutex Health. If investors know Nutex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nutex Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.18) | Revenue Per Share 60.2 | Quarterly Revenue Growth 0.256 | Return On Assets 0.0376 | Return On Equity (0.35) |
The market value of Nutex Health is measured differently than its book value, which is the value of Nutex that is recorded on the company's balance sheet. Investors also form their own opinion of Nutex Health's value that differs from its market value or its book value, called intrinsic value, which is Nutex Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nutex Health's market value can be influenced by many factors that don't directly affect Nutex Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nutex Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nutex Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nutex Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nutex Health '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 Nutex Health'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 Nutex Health.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nutex Health on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nutex Health or generate 0.0% return on investment in Nutex Health over 180 days. Nutex Health is related to or competes with FOXO Technologies, Heartbeam, EUDA Health, Privia Health, Evolent Health, HealthStream, and Streamline Health. Nutex Health, Inc. operates as a technology-enabled healthcare services company More
Nutex Health 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 Nutex Health'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 Nutex Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.8 | |||
| Information Ratio | 0.1039 | |||
| Maximum Drawdown | 47.75 | |||
| Value At Risk | (9.19) | |||
| Potential Upside | 11.28 |
Nutex Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nutex Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nutex Health's standard deviation. In reality, there are many statistical measures that can use Nutex Health historical prices to predict the future Nutex Health's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.7137 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.133 | |||
| Treynor Ratio | 0.605 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nutex Health'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.
Nutex Health Backtested Returns
Nutex Health appears to be unstable, given 3 months investment horizon. Nutex Health has Sharpe Ratio of 0.0986, which conveys that the firm had a 0.0986% return per unit of risk over the last 3 months. By analyzing Nutex Health's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Nutex Health's Risk Adjusted Performance of 0.1022, downside deviation of 5.8, and Mean Deviation of 5.46 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nutex Health holds a performance score of 7. The company secures a Beta (Market Risk) of 1.47, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nutex Health will likely underperform. Please check Nutex Health's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Nutex Health's current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
Nutex Health has good predictability. Overlapping area represents the amount of predictability between Nutex Health time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Nutex Health price movement. The serial correlation of 0.77 indicates that around 77.0% of current Nutex Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 14.85 |
Nutex Health lagged returns against current returns
Autocorrelation, which is Nutex Health 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 Nutex Health's stock expected returns. We can calculate the autocorrelation of Nutex Health returns to help us make a trade decision. For example, suppose you find that Nutex Health 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 |
Nutex Health 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 Nutex Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nutex Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nutex Health stock over time.
Current vs Lagged Prices |
| Timeline |
Nutex Health Lagged Returns
When evaluating Nutex Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nutex Health stock have on its future price. Nutex Health 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, Nutex Health autocorrelation shows the relationship between Nutex Health stock current value and its past values and can show if there is a momentum factor associated with investing in Nutex Health.
Regressed Prices |
| Timeline |
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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 Nutex Stock Analysis
When running Nutex Health's price analysis, check to measure Nutex Health'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 Nutex Health is operating at the current time. Most of Nutex Health's value examination focuses on studying past and present price action to predict the probability of Nutex Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutex Health's price. Additionally, you may evaluate how the addition of Nutex Health to your portfolios can decrease your overall portfolio volatility.