HEALTHCARE TRPFD (Germany) Market Value

4ON Stock   13.00  0.30  2.36%   
HEALTHCARE TRPFD's market value is the price at which a share of HEALTHCARE TRPFD trades on a public exchange. It measures the collective expectations of HEALTHCARE TRPFD SH investors about its performance. HEALTHCARE TRPFD is trading at 13.00 as of the 22nd of December 2024. This is a 2.36% up since the beginning of the trading day. The stock's lowest day price was 13.0.
With this module, you can estimate the performance of a buy and hold strategy of HEALTHCARE TRPFD SH and determine expected loss or profit from investing in HEALTHCARE TRPFD over a given investment horizon. Check out HEALTHCARE TRPFD Correlation, HEALTHCARE TRPFD Volatility and HEALTHCARE TRPFD Alpha and Beta module to complement your research on HEALTHCARE TRPFD.
Symbol

Please note, there is a significant difference between HEALTHCARE TRPFD's value and its price as these two are different measures arrived at by different means. Investors typically determine if HEALTHCARE TRPFD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEALTHCARE TRPFD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

HEALTHCARE TRPFD '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 HEALTHCARE TRPFD'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 HEALTHCARE TRPFD.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in HEALTHCARE TRPFD on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding HEALTHCARE TRPFD SH or generate 0.0% return on investment in HEALTHCARE TRPFD over 60 days. HEALTHCARE TRPFD is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More

HEALTHCARE TRPFD 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 HEALTHCARE TRPFD'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 HEALTHCARE TRPFD SH upside and downside potential and time the market with a certain degree of confidence.

HEALTHCARE TRPFD Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTHCARE TRPFD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTHCARE TRPFD's standard deviation. In reality, there are many statistical measures that can use HEALTHCARE TRPFD historical prices to predict the future HEALTHCARE TRPFD's volatility.
Hype
Prediction
LowEstimatedHigh
10.7512.7014.65
Details
Intrinsic
Valuation
LowRealHigh
10.6812.6314.58
Details
Naive
Forecast
LowNextHigh
10.2512.2014.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.4413.5814.72
Details

HEALTHCARE TRPFD Backtested Returns

At this point, HEALTHCARE TRPFD is not too volatile. HEALTHCARE TRPFD retains Efficiency (Sharpe Ratio) of 0.0235, which attests that the entity had a 0.0235% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for HEALTHCARE TRPFD, which you can use to evaluate the volatility of the firm. Please check out HEALTHCARE TRPFD's Market Risk Adjusted Performance of 0.0995, semi deviation of 1.78, and Coefficient Of Variation of 2834.81 to validate if the risk estimate we provide is consistent with the expected return of 0.0453%. HEALTHCARE TRPFD has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HEALTHCARE TRPFD's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEALTHCARE TRPFD is expected to be smaller as well. HEALTHCARE TRPFD at this moment owns a risk of 1.93%. Please check out HEALTHCARE TRPFD SH semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if HEALTHCARE TRPFD SH will be following its current price history.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

HEALTHCARE TRPFD SH has insignificant reverse predictability. Overlapping area represents the amount of predictability between HEALTHCARE TRPFD time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 HEALTHCARE TRPFD price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HEALTHCARE TRPFD price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test0.09
Residual Average0.0
Price Variance0.23

HEALTHCARE TRPFD lagged returns against current returns

Autocorrelation, which is HEALTHCARE TRPFD 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 HEALTHCARE TRPFD's stock expected returns. We can calculate the autocorrelation of HEALTHCARE TRPFD returns to help us make a trade decision. For example, suppose you find that HEALTHCARE TRPFD 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  

HEALTHCARE TRPFD 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 HEALTHCARE TRPFD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTHCARE TRPFD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTHCARE TRPFD stock over time.
   Current vs Lagged Prices   
       Timeline  

HEALTHCARE TRPFD Lagged Returns

When evaluating HEALTHCARE TRPFD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTHCARE TRPFD stock have on its future price. HEALTHCARE TRPFD 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, HEALTHCARE TRPFD autocorrelation shows the relationship between HEALTHCARE TRPFD stock current value and its past values and can show if there is a momentum factor associated with investing in HEALTHCARE TRPFD SH.
   Regressed Prices   
       Timeline  

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Other Information on Investing in HEALTHCARE Stock

HEALTHCARE TRPFD financial ratios help investors to determine whether HEALTHCARE 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 HEALTHCARE with respect to the benefits of owning HEALTHCARE TRPFD security.