Regis Healthcare (Australia) Market Value
| REG Stock | 6.70 0.26 4.04% |
| Symbol | Regis |
Regis 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 Regis 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 Regis Healthcare.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Regis Healthcare on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Regis Healthcare or generate 0.0% return on investment in Regis Healthcare over 180 days. Regis Healthcare is related to or competes with PM Capital, Macquarie Group, Wam Leaders, and Staude Capital. Regis Healthcare is entity of Australia. It is traded as Stock on AU exchange. More
Regis 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 Regis 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 Regis Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.275 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 4.09 |
Regis Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Regis Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Regis Healthcare's standard deviation. In reality, there are many statistical measures that can use Regis Healthcare historical prices to predict the future Regis Healthcare's volatility.| Risk Adjusted Performance | 0.2673 | |||
| Jensen Alpha | 0.6436 | |||
| Total Risk Alpha | 0.3552 | |||
| Sortino Ratio | 0.3208 | |||
| Treynor Ratio | 3.13 |
Regis Healthcare Backtested Returns
Regis Healthcare appears to be somewhat reliable, given 3 months investment horizon. Regis Healthcare maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32% return per unit of risk over the last 3 months. By analyzing Regis Healthcare's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Regis Healthcare's Semi Deviation of 0.9388, coefficient of variation of 293.65, and Risk Adjusted Performance of 0.2673 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Regis Healthcare holds a performance score of 25. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Regis Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Regis Healthcare is expected to be smaller as well. Please check Regis Healthcare's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Regis Healthcare's historical price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Regis Healthcare has modest predictability. Overlapping area represents the amount of predictability between Regis Healthcare 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 Regis Healthcare price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Regis Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Regis Healthcare lagged returns against current returns
Autocorrelation, which is Regis 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 Regis Healthcare's stock expected returns. We can calculate the autocorrelation of Regis Healthcare returns to help us make a trade decision. For example, suppose you find that Regis 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 |
Regis 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 Regis Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Regis Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Regis Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Regis Healthcare Lagged Returns
When evaluating Regis Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Regis Healthcare stock have on its future price. Regis 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, Regis Healthcare autocorrelation shows the relationship between Regis Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Regis Healthcare.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Regis Stock Analysis
When running Regis Healthcare's price analysis, check to measure Regis 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 Regis Healthcare is operating at the current time. Most of Regis Healthcare's value examination focuses on studying past and present price action to predict the probability of Regis 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 Regis Healthcare's price. Additionally, you may evaluate how the addition of Regis Healthcare to your portfolios can decrease your overall portfolio volatility.