PureTech Health (UK) Market Value
| PRTC Stock | 171.20 9.20 5.68% |
| Symbol | PureTech |
PureTech 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 PureTech 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 PureTech Health.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PureTech Health on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PureTech Health plc or generate 0.0% return on investment in PureTech Health over 30 days. PureTech Health is related to or competes with FC Investment, Applied Materials, Herald Investment, TR Property, Summit Materials, and Investment. More
PureTech 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 PureTech 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 PureTech Health plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 3.02 |
PureTech Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PureTech Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PureTech Health's standard deviation. In reality, there are many statistical measures that can use PureTech Health historical prices to predict the future PureTech Health's volatility.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1608 |
PureTech Health plc Backtested Returns
Currently, PureTech Health plc is very steady. PureTech Health plc maintains Sharpe Ratio (i.e., Efficiency) of 0.0366, which implies the firm had a 0.0366% return per unit of risk over the last 3 months. We have found thirty technical indicators for PureTech Health plc, which you can use to evaluate the volatility of the company. Please check PureTech Health's Coefficient Of Variation of 2730.74, risk adjusted performance of 0.0346, and Semi Deviation of 1.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.0801%. PureTech Health has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PureTech Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding PureTech Health is expected to be smaller as well. PureTech Health plc right now holds a risk of 2.19%. Please check PureTech Health plc sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if PureTech Health plc will be following its historical price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
PureTech Health plc has very weak reverse predictability. Overlapping area represents the amount of predictability between PureTech Health time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 PureTech Health plc price movement. The serial correlation of -0.1 indicates that less than 10.0% of current PureTech Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 18.71 |
PureTech Health plc lagged returns against current returns
Autocorrelation, which is PureTech 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 PureTech Health's stock expected returns. We can calculate the autocorrelation of PureTech Health returns to help us make a trade decision. For example, suppose you find that PureTech 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 |
PureTech 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 PureTech Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PureTech Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PureTech Health stock over time.
Current vs Lagged Prices |
| Timeline |
PureTech Health Lagged Returns
When evaluating PureTech Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PureTech Health stock have on its future price. PureTech 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, PureTech Health autocorrelation shows the relationship between PureTech Health stock current value and its past values and can show if there is a momentum factor associated with investing in PureTech Health plc.
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 PureTech Stock Analysis
When running PureTech Health's price analysis, check to measure PureTech 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 PureTech Health is operating at the current time. Most of PureTech Health's value examination focuses on studying past and present price action to predict the probability of PureTech 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 PureTech Health's price. Additionally, you may evaluate how the addition of PureTech Health to your portfolios can decrease your overall portfolio volatility.