Phreesia (Germany) Market Value
| 19P Stock | 23.80 1.60 7.21% |
| Symbol | Phreesia |
Phreesia '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 Phreesia'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 Phreesia.
| 10/26/2024 |
| 12/25/2024 |
Phreesia 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 Phreesia'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 Phreesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0616 | |||
| Maximum Drawdown | 19.59 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 5.62 |
Phreesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phreesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phreesia's standard deviation. In reality, there are many statistical measures that can use Phreesia historical prices to predict the future Phreesia's volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.2228 | |||
| Total Risk Alpha | 0.0998 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.2722 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phreesia'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.
Phreesia Backtested Returns
Phreesia appears to be not too volatile, given 3 months investment horizon. Phreesia maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Phreesia, which you can use to evaluate the volatility of the company. Please evaluate Phreesia's Risk Adjusted Performance of 0.067, semi deviation of 2.55, and Coefficient Of Variation of 1349.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Phreesia holds a performance score of 8. The company holds a Beta of 0.94, which implies possible diversification benefits within a given portfolio. Phreesia returns are very sensitive to returns on the market. As the market goes up or down, Phreesia is expected to follow. Please check Phreesia's jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Phreesia's historical price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Phreesia has average predictability. Overlapping area represents the amount of predictability between Phreesia time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Phreesia price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Phreesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 3.43 |
Phreesia lagged returns against current returns
Autocorrelation, which is Phreesia 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 Phreesia's stock expected returns. We can calculate the autocorrelation of Phreesia returns to help us make a trade decision. For example, suppose you find that Phreesia 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 |
Phreesia 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 Phreesia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phreesia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phreesia stock over time.
Current vs Lagged Prices |
| Timeline |
Phreesia Lagged Returns
When evaluating Phreesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phreesia stock have on its future price. Phreesia 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, Phreesia autocorrelation shows the relationship between Phreesia stock current value and its past values and can show if there is a momentum factor associated with investing in Phreesia.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Phreesia Stock Analysis
When running Phreesia's price analysis, check to measure Phreesia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phreesia is operating at the current time. Most of Phreesia's value examination focuses on studying past and present price action to predict the probability of Phreesia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phreesia's price. Additionally, you may evaluate how the addition of Phreesia to your portfolios can decrease your overall portfolio volatility.