Ge Healthcare Technologies Stock Market Value
| GEHC Stock | 83.22 0.22 0.27% |
| Symbol | GEHC |
GE HealthCare Techno Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GE HealthCare. If investors know GEHC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GE HealthCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.242 | Dividend Share 0.12 | Earnings Share 3.65 | Revenue Per Share 42.916 | Quarterly Revenue Growth 0.009 |
The market value of GE HealthCare Techno is measured differently than its book value, which is the value of GEHC that is recorded on the company's balance sheet. Investors also form their own opinion of GE HealthCare's value that differs from its market value or its book value, called intrinsic value, which is GE HealthCare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GE HealthCare's market value can be influenced by many factors that don't directly affect GE HealthCare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GE HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if GE HealthCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GE HealthCare'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.
GE 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 GE 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 GE HealthCare.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GE HealthCare on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding GE HealthCare Technologies or generate 0.0% return on investment in GE HealthCare over 30 days. GE HealthCare is related to or competes with Teladoc, Veeva Systems, 10X Genomics, Progyny, Schrodinger, Doximity, and American Well. GE HealthCare is entity of United States More
GE 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 GE 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 GE HealthCare Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.66 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.26 |
GE HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GE HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GE HealthCare's standard deviation. In reality, there are many statistical measures that can use GE HealthCare historical prices to predict the future GE HealthCare's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.20) |
GE HealthCare Techno Backtested Returns
GE HealthCare Techno retains Efficiency (Sharpe Ratio) of -0.0177, which attests that the entity had a -0.0177% return per unit of price deviation over the last 3 months. GE HealthCare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GE HealthCare's Coefficient Of Variation of (8,350), market risk adjusted performance of (0.19), and Information Ratio of (0.11) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GE HealthCare's returns are expected to increase less than the market. However, during the bear market, the loss of holding GE HealthCare is expected to be smaller as well. At this point, GE HealthCare Techno has a negative expected return of -0.0243%. Please make sure to check out GE HealthCare's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if GE HealthCare Techno performance from the past will be repeated sooner or later.
Auto-correlation | -0.05 |
Very weak reverse predictability
GE HealthCare Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between GE HealthCare time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 GE HealthCare Techno price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current GE HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
GE HealthCare Techno lagged returns against current returns
Autocorrelation, which is GE 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 GE HealthCare's stock expected returns. We can calculate the autocorrelation of GE HealthCare returns to help us make a trade decision. For example, suppose you find that GE 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 |
GE 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 GE HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GE HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GE HealthCare stock over time.
Current vs Lagged Prices |
| Timeline |
GE HealthCare Lagged Returns
When evaluating GE HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GE HealthCare stock have on its future price. GE 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, GE HealthCare autocorrelation shows the relationship between GE HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in GE HealthCare Technologies.
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.When determining whether GE HealthCare Techno offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GE HealthCare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ge Healthcare Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ge Healthcare Technologies Stock:Check out GE HealthCare Correlation, GE HealthCare Volatility and GE HealthCare Alpha and Beta module to complement your research on GE HealthCare. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
GE HealthCare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.