Worldwide Healthcare (UK) Market Value
| WWH Stock | 327.50 0.50 0.15% |
| Symbol | Worldwide |
Worldwide 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 Worldwide 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 Worldwide Healthcare.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Worldwide Healthcare on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Worldwide Healthcare Trust or generate 0.0% return on investment in Worldwide Healthcare over 180 days. Worldwide Healthcare is related to or competes with Catalyst Media, Oncimmune Holdings, Invesco Health, Coor Service, Surgical Science, Mereo BioPharma, and SPDR SP. Worldwide Healthcare is entity of United Kingdom More
Worldwide 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 Worldwide 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 Worldwide Healthcare Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.26 |
Worldwide Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worldwide Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worldwide Healthcare's standard deviation. In reality, there are many statistical measures that can use Worldwide Healthcare historical prices to predict the future Worldwide Healthcare's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.42) |
Worldwide Healthcare Backtested Returns
Worldwide Healthcare shows Sharpe Ratio of -0.17, which attests that the company had a -0.17% return per unit of risk over the last 3 months. Worldwide Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Worldwide Healthcare's Mean Deviation of 0.6241, market risk adjusted performance of (0.41), and Standard Deviation of 0.8567 to validate the risk estimate we provide. The firm maintains a market beta of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Worldwide Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Worldwide Healthcare is expected to be smaller as well. At this point, Worldwide Healthcare has a negative expected return of -0.15%. Please make sure to check out Worldwide Healthcare's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Worldwide Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Worldwide Healthcare Trust has good reverse predictability. Overlapping area represents the amount of predictability between Worldwide Healthcare time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Worldwide Healthcare price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Worldwide Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 116.64 |
Worldwide Healthcare lagged returns against current returns
Autocorrelation, which is Worldwide 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 Worldwide Healthcare's stock expected returns. We can calculate the autocorrelation of Worldwide Healthcare returns to help us make a trade decision. For example, suppose you find that Worldwide 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 |
Worldwide 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 Worldwide Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worldwide Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worldwide Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Worldwide Healthcare Lagged Returns
When evaluating Worldwide Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worldwide Healthcare stock have on its future price. Worldwide 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, Worldwide Healthcare autocorrelation shows the relationship between Worldwide Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Worldwide Healthcare Trust.
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 Worldwide Stock
Worldwide Healthcare financial ratios help investors to determine whether Worldwide 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 Worldwide with respect to the benefits of owning Worldwide Healthcare security.