HEALTH CARE REIT Market Value
| 42217KAX4 | 101.56 9.14 8.26% |
| Symbol | HEALTH |
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 HEALTH's bond 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 HEALTH.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HEALTH on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HEALTH CARE REIT or generate 0.0% return on investment in HEALTH over 30 days. HEALTH is related to or competes with 00108WAF7, 90331HPL1, Nasdaq, Vertiv Holdings, IONQ, NVIDIA, and Microsoft. More
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 HEALTH's bond 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 HEALTH CARE REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 1.65 |
HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTH's standard deviation. In reality, there are many statistical measures that can use HEALTH historical prices to predict the future HEALTH's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.68) |
HEALTH CARE REIT Backtested Returns
HEALTH CARE REIT retains Efficiency (Sharpe Ratio) of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. HEALTH exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEALTH's Coefficient Of Variation of (1,796), variance of 4.52, and Market Risk Adjusted Performance of (0.67) to validate the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEALTH is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
HEALTH CARE REIT has very weak predictability. Overlapping area represents the amount of predictability between HEALTH time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 HEALTH CARE REIT price movement. The serial correlation of 0.19 indicates that over 19.0% of current HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
HEALTH CARE REIT lagged returns against current returns
Autocorrelation, which is HEALTH bond'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 HEALTH's bond expected returns. We can calculate the autocorrelation of HEALTH returns to help us make a trade decision. For example, suppose you find that HEALTH has exhibited high autocorrelation historically, and you observe that the bond 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 |
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 HEALTH bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTH bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTH bond over time.
Current vs Lagged Prices |
| Timeline |
HEALTH Lagged Returns
When evaluating HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTH bond have on its future price. 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, HEALTH autocorrelation shows the relationship between HEALTH bond current value and its past values and can show if there is a momentum factor associated with investing in HEALTH CARE REIT.
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 HEALTH Bond
HEALTH financial ratios help investors to determine whether HEALTH Bond 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 HEALTH with respect to the benefits of owning HEALTH security.