DaVita (Germany) Market Value
| TRL Stock | EUR 156.80 0.45 0.29% |
| Symbol | DaVita |
DaVita '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 DaVita'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 DaVita.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in DaVita on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding DaVita Inc or generate 0.0% return on investment in DaVita over 180 days. DaVita is related to or competes with Sabra Health, SHIP HEALTHCARE, INFORMATION SVC, MICRONIC MYDATA, Public Storage, Ramsay Health, and Data3. DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal dise... More
DaVita 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 DaVita'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 DaVita Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0379 | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.07 |
DaVita Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DaVita's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DaVita's standard deviation. In reality, there are many statistical measures that can use DaVita historical prices to predict the future DaVita's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.171 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.737 |
DaVita Inc Backtested Returns
DaVita appears to be very steady, given 3 months investment horizon. DaVita Inc secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for DaVita Inc, which you can use to evaluate the volatility of the firm. Please utilize DaVita's Downside Deviation of 2.01, mean deviation of 1.5, and Market Risk Adjusted Performance of 0.747 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DaVita holds a performance score of 9. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, DaVita's returns are expected to increase less than the market. However, during the bear market, the loss of holding DaVita is expected to be smaller as well. Please check DaVita's value at risk, expected short fall, rate of daily change, as well as the relationship between the downside variance and kurtosis , to make a quick decision on whether DaVita's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
DaVita Inc has modest predictability. Overlapping area represents the amount of predictability between DaVita time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 DaVita Inc price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current DaVita price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 52.58 |
DaVita Inc lagged returns against current returns
Autocorrelation, which is DaVita 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 DaVita's stock expected returns. We can calculate the autocorrelation of DaVita returns to help us make a trade decision. For example, suppose you find that DaVita 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 |
DaVita 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 DaVita stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DaVita stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DaVita stock over time.
Current vs Lagged Prices |
| Timeline |
DaVita Lagged Returns
When evaluating DaVita's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DaVita stock have on its future price. DaVita 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, DaVita autocorrelation shows the relationship between DaVita stock current value and its past values and can show if there is a momentum factor associated with investing in DaVita Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DaVita Stock
DaVita financial ratios help investors to determine whether DaVita 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 DaVita with respect to the benefits of owning DaVita security.