Ramsay Health Care Stock Market Value
| RMYHY Stock | USD 6.27 0.30 4.57% |
| 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 pink sheet 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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ramsay Health on October 24, 2024 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 30 days. Ramsay Health is related to or competes with Medical Facilities, Fresenius, and Nova Leap. The company also offers health care services to public and private patients 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 pink sheet 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 | (0.13) | |||
| Maximum Drawdown | 20.29 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 4.08 |
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 | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.79) |
Ramsay Health Care Backtested Returns
Ramsay Health Care maintains Sharpe Ratio (i.e., Efficiency) of -0.0831, which implies the firm had a -0.0831% return per unit of risk over the last 3 months. Ramsay Health Care exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ramsay Health's Variance of 6.29, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,213) to confirm the risk estimate we provide. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ramsay Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ramsay Health is expected to be smaller as well. At this point, Ramsay Health Care has a negative expected return of -0.21%. Please make sure to check Ramsay Health's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Ramsay Health Care performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Ramsay Health Care has modest predictability. Overlapping area represents the amount of predictability between Ramsay Health time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Ramsay Health Care price movement. The serial correlation of 0.53 indicates that about 53.0% of current Ramsay Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ramsay Health Care lagged returns against current returns
Autocorrelation, which is Ramsay Health pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramsay Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramsay Health pink sheet 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 pink sheet 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 pink sheet 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 |
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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 Ramsay Pink Sheet 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.