IHH Healthcare (Malaysia) Market Value
| 5225 Stock | 7.17 0.01 0.14% |
| Symbol | IHH |
IHH 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 IHH 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 IHH Healthcare.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in IHH Healthcare on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding IHH Healthcare Bhd or generate 0.0% return on investment in IHH Healthcare over 30 days. IHH Healthcare is related to or competes with KPJ Healthcare, Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, and Sunzen Biotech. More
IHH 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 IHH 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 IHH Healthcare Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.1 |
IHH Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IHH Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IHH Healthcare's standard deviation. In reality, there are many statistical measures that can use IHH Healthcare historical prices to predict the future IHH Healthcare's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.1174 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.75) |
IHH Healthcare Bhd Backtested Returns
As of now, IHH Stock is not too volatile. IHH Healthcare Bhd holds Efficiency (Sharpe) Ratio of 0.0947, which attests that the entity had a 0.0947% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for IHH Healthcare Bhd, which you can use to evaluate the volatility of the firm. Please check out IHH Healthcare's Market Risk Adjusted Performance of (0.74), semi deviation of 0.9725, and Risk Adjusted Performance of 0.0733 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. IHH Healthcare has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IHH Healthcare are expected to decrease at a much lower rate. During the bear market, IHH Healthcare is likely to outperform the market. IHH Healthcare Bhd now retains a risk of 1.1%. Please check out IHH Healthcare downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if IHH Healthcare will be following its current trending patterns.
Auto-correlation | -0.57 |
Good reverse predictability
IHH Healthcare Bhd has good reverse predictability. Overlapping area represents the amount of predictability between IHH Healthcare time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 IHH Healthcare Bhd price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current IHH Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
IHH Healthcare Bhd lagged returns against current returns
Autocorrelation, which is IHH 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 IHH Healthcare's stock expected returns. We can calculate the autocorrelation of IHH Healthcare returns to help us make a trade decision. For example, suppose you find that IHH 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 |
IHH 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 IHH Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IHH Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IHH Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
IHH Healthcare Lagged Returns
When evaluating IHH Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IHH Healthcare stock have on its future price. IHH 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, IHH Healthcare autocorrelation shows the relationship between IHH Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in IHH Healthcare Bhd.
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 IHH Stock
IHH Healthcare financial ratios help investors to determine whether IHH 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 IHH with respect to the benefits of owning IHH Healthcare security.