Ramsay Health (Australia) Market Value
| RHC Stock | 38.03 1.02 2.61% |
| Symbol | Ramsay |
Ramsay 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 Ramsay 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 Ramsay Health.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Ramsay Health on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Ramsay Health Care or generate 0.0% return on investment in Ramsay Health over 690 days. Ramsay Health is related to or competes with PM Capital, Macquarie Group, Wam Leaders, and Staude Capital. Ramsay Health is entity of Australia. It is traded as Stock on AU exchange. More
Ramsay 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 Ramsay 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 Ramsay Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.27 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.71 |
Ramsay Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramsay Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramsay Health's standard deviation. In reality, there are many statistical measures that can use Ramsay Health historical prices to predict the future Ramsay Health's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.5976 |
Ramsay Health Care Backtested Returns
Ramsay Health Care maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Ramsay Health Care exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ramsay Health's Variance of 2.61, coefficient of variation of (574.66), and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The company holds a Beta of -0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ramsay Health are expected to decrease at a much lower rate. During the bear market, Ramsay Health is likely to outperform the market. At this point, Ramsay Health Care has a negative expected return of -0.19%. Please make sure to check Ramsay Health's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Ramsay Health Care performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Ramsay Health Care has very good predictability. Overlapping area represents the amount of predictability between Ramsay Health time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Ramsay Health Care price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Ramsay Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 22.88 |
Ramsay Health Care lagged returns against current returns
Autocorrelation, which is Ramsay 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 Ramsay Health's stock expected returns. We can calculate the autocorrelation of Ramsay Health returns to help us make a trade decision. For example, suppose you find that Ramsay 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 |
Ramsay 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 Ramsay Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramsay Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramsay Health stock over time.
Current vs Lagged Prices |
| Timeline |
Ramsay Health Lagged Returns
When evaluating Ramsay Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramsay Health stock have on its future price. Ramsay 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, Ramsay Health autocorrelation shows the relationship between Ramsay Health stock current value and its past values and can show if there is a momentum factor associated with investing in Ramsay Health Care.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ramsay Stock Analysis
When running Ramsay Health's price analysis, check to measure Ramsay 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 Ramsay Health is operating at the current time. Most of Ramsay Health's value examination focuses on studying past and present price action to predict the probability of Ramsay 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 Ramsay Health's price. Additionally, you may evaluate how the addition of Ramsay Health to your portfolios can decrease your overall portfolio volatility.