HCA Healthcare (Germany) Market Value
| 2BH Stock | EUR 300.90 1.10 0.36% |
| Symbol | HCA |
HCA 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 HCA 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 HCA Healthcare.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in HCA Healthcare on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding HCA Healthcare or generate 0.0% return on investment in HCA Healthcare over 360 days. HCA Healthcare is related to or competes with Ramsay Health, Universal Health, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, BANK HANDLOWY, and Norsk Hydro. HCA Healthcare, Inc., through its subsidiaries, provides health care services More
HCA 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 HCA 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 HCA Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.19 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.18 |
HCA Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCA Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCA Healthcare's standard deviation. In reality, there are many statistical measures that can use HCA Healthcare historical prices to predict the future HCA Healthcare's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (2.78) |
HCA Healthcare Backtested Returns
HCA Healthcare retains Efficiency (Sharpe Ratio) of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. HCA Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HCA Healthcare's Market Risk Adjusted Performance of (2.77), coefficient of variation of (956.94), and Variance of 3.89 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0776, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HCA Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding HCA Healthcare is expected to be smaller as well. At this point, HCA Healthcare has a negative expected return of -0.22%. Please make sure to check out HCA Healthcare's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if HCA Healthcare performance from the past will be repeated at some future date.
Auto-correlation | 0.53 |
Modest predictability
HCA Healthcare has modest predictability. Overlapping area represents the amount of predictability between HCA Healthcare time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 HCA Healthcare price movement. The serial correlation of 0.53 indicates that about 53.0% of current HCA Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 579.33 |
HCA Healthcare lagged returns against current returns
Autocorrelation, which is HCA 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 HCA Healthcare's stock expected returns. We can calculate the autocorrelation of HCA Healthcare returns to help us make a trade decision. For example, suppose you find that HCA 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 |
HCA 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 HCA Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCA Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCA Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
HCA Healthcare Lagged Returns
When evaluating HCA Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCA Healthcare stock have on its future price. HCA 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, HCA Healthcare autocorrelation shows the relationship between HCA Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in HCA Healthcare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HCA Stock
HCA Healthcare financial ratios help investors to determine whether HCA 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 HCA with respect to the benefits of owning HCA Healthcare security.