Spire Healthcare (UK) Market Value
| SPI Stock | 229.50 0.50 0.22% |
| Symbol | Spire |
Spire 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 Spire 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 Spire Healthcare.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Spire Healthcare on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Spire Healthcare Group or generate 0.0% return on investment in Spire Healthcare over 720 days. Spire Healthcare is related to or competes with GlobalData PLC, European Metals, Extra Space, Power Metal, Datagroup, Gaztransport, and Future Metals. Spire Healthcare is entity of United Kingdom More
Spire 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 Spire 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 Spire Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9852 | |||
| Information Ratio | 0.0717 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.62 |
Spire Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spire Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spire Healthcare's standard deviation. In reality, there are many statistical measures that can use Spire Healthcare historical prices to predict the future Spire Healthcare's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | 0.0792 | |||
| Sortino Ratio | 0.0811 | |||
| Treynor Ratio | 0.7763 |
Spire Healthcare Backtested Returns
At this point, Spire Healthcare is very steady. Spire Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0671, which indicates the firm had a 0.0671 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Spire Healthcare Group, which you can use to evaluate the volatility of the company. Please validate Spire Healthcare's Risk Adjusted Performance of 0.0615, coefficient of variation of 1224.51, and Semi Deviation of 0.8593 to confirm if the risk estimate we provide is consistent with the expected return of 0.0742%. Spire Healthcare has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spire Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spire Healthcare is expected to be smaller as well. Spire Healthcare right now has a risk of 1.11%. Please validate Spire Healthcare jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if Spire Healthcare will be following its existing price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Spire Healthcare Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Spire Healthcare time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spire Healthcare price movement. The serial correlation of -0.18 indicates that over 18.0% of current Spire Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 142.12 |
Spire Healthcare lagged returns against current returns
Autocorrelation, which is Spire 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 Spire Healthcare's stock expected returns. We can calculate the autocorrelation of Spire Healthcare returns to help us make a trade decision. For example, suppose you find that Spire 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 |
Spire 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 Spire Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spire Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spire Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Spire Healthcare Lagged Returns
When evaluating Spire Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spire Healthcare stock have on its future price. Spire 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, Spire Healthcare autocorrelation shows the relationship between Spire Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Spire Healthcare Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Spire Stock
Spire Healthcare financial ratios help investors to determine whether Spire Stock 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 Spire with respect to the benefits of owning Spire Healthcare security.