Performant Healthcare, Stock Market Value
| PHLT Stock | 2.36 0.04 1.67% |
| Symbol | Performant |
Is Business Services 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 Performant Healthcare,. If investors know Performant 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 Performant Healthcare, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Performant Healthcare, is measured differently than its book value, which is the value of Performant that is recorded on the company's balance sheet. Investors also form their own opinion of Performant Healthcare,'s value that differs from its market value or its book value, called intrinsic value, which is Performant Healthcare,'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 Performant Healthcare,'s market value can be influenced by many factors that don't directly affect Performant Healthcare,'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 Performant Healthcare,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Performant Healthcare, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performant Healthcare,'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.
Performant 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 Performant 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 Performant Healthcare,.
| 01/07/2025 |
| 02/06/2025 |
If you would invest 0.00 in Performant Healthcare, on January 7, 2025 and sell it all today you would earn a total of 0.00 from holding Performant Healthcare, or generate 0.0% return on investment in Performant Healthcare, over 30 days. Performant Healthcare, is related to or competes with Mosaic, Chemours, Cheche Group, Integral, Hawkins, Axalta Coating, and Codexis. Performant Healthcare, is entity of United States More
Performant 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 Performant 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 Performant Healthcare, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 5.19 |
Performant Healthcare, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Performant Healthcare,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Performant Healthcare,'s standard deviation. In reality, there are many statistical measures that can use Performant Healthcare, historical prices to predict the future Performant Healthcare,'s volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.57) |
Performant Healthcare, Backtested Returns
Performant Healthcare, maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15 % return per unit of risk over the last 3 months. Performant Healthcare, exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Performant Healthcare,'s Variance of 11.65, coefficient of variation of (675.21), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The company holds a Beta of 0.91, which implies possible diversification benefits within a given portfolio. Performant Healthcare, returns are very sensitive to returns on the market. As the market goes up or down, Performant Healthcare, is expected to follow. At this point, Performant Healthcare, has a negative expected return of -0.51%. Please make sure to check Performant Healthcare,'s treynor ratio and daily balance of power , to decide if Performant Healthcare, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Performant Healthcare, has weak predictability. Overlapping area represents the amount of predictability between Performant Healthcare, time series from 7th of January 2025 to 22nd of January 2025 and 22nd of January 2025 to 6th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Performant Healthcare, price movement. The serial correlation of 0.21 indicates that over 21.0% of current Performant Healthcare, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Performant Healthcare, lagged returns against current returns
Autocorrelation, which is Performant 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 Performant Healthcare,'s stock expected returns. We can calculate the autocorrelation of Performant Healthcare, returns to help us make a trade decision. For example, suppose you find that Performant 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 |
Performant 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 Performant Healthcare, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Performant Healthcare, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Performant Healthcare, stock over time.
Current vs Lagged Prices |
| Timeline |
Performant Healthcare, Lagged Returns
When evaluating Performant Healthcare,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Performant Healthcare, stock have on its future price. Performant 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, Performant Healthcare, autocorrelation shows the relationship between Performant Healthcare, stock current value and its past values and can show if there is a momentum factor associated with investing in Performant Healthcare,.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Performant Stock Analysis
When running Performant Healthcare,'s price analysis, check to measure Performant 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 Performant Healthcare, is operating at the current time. Most of Performant Healthcare,'s value examination focuses on studying past and present price action to predict the probability of Performant 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 Performant Healthcare,'s price. Additionally, you may evaluate how the addition of Performant Healthcare, to your portfolios can decrease your overall portfolio volatility.