Sonic Healthcare Limited Stock Market Value
| SKHCF Stock | USD 17.95 0.91 5.34% |
| Symbol | Sonic |
Sonic 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 Sonic Healthcare'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 Sonic Healthcare.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Sonic Healthcare on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Sonic Healthcare Limited or generate 0.0% return on investment in Sonic Healthcare over 720 days. Sonic Healthcare is related to or competes with Lonza Group, Personalis, Applied DNA, and ProPhase Labs. Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health servic... More
Sonic 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 Sonic Healthcare'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 Sonic Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (7.18) | |||
| Potential Upside | 6.03 |
Sonic Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonic Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonic Healthcare's standard deviation. In reality, there are many statistical measures that can use Sonic Healthcare historical prices to predict the future Sonic Healthcare's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.1799 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sonic Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sonic Healthcare Backtested Returns
At this point, Sonic Healthcare is not too volatile. Sonic Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0288, which indicates the firm had a 0.0288% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Sonic Healthcare Limited, which you can use to evaluate the volatility of the company. Please validate Sonic Healthcare's Coefficient Of Variation of (6,418), variance of 10.91, and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0878%. Sonic Healthcare has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sonic Healthcare are expected to decrease at a much lower rate. During the bear market, Sonic Healthcare is likely to outperform the market. Sonic Healthcare right now has a risk of 3.05%. Please validate Sonic Healthcare potential upside, as well as the relationship between the daily balance of power and day typical price , to decide if Sonic Healthcare will be following its existing price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Sonic Healthcare Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Sonic Healthcare time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Sonic Healthcare price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Sonic Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Sonic Healthcare lagged returns against current returns
Autocorrelation, which is Sonic Healthcare 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 Sonic Healthcare's pink sheet expected returns. We can calculate the autocorrelation of Sonic Healthcare returns to help us make a trade decision. For example, suppose you find that Sonic Healthcare 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 |
Sonic 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 Sonic Healthcare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonic Healthcare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonic Healthcare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sonic Healthcare Lagged Returns
When evaluating Sonic Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonic Healthcare pink sheet have on its future price. Sonic 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, Sonic Healthcare autocorrelation shows the relationship between Sonic Healthcare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sonic Healthcare Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sonic Pink Sheet
Sonic Healthcare financial ratios help investors to determine whether Sonic Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sonic with respect to the benefits of owning Sonic Healthcare security.