Devonian Health Group Stock Market Value
| GSD Stock | CAD 0.20 0.02 9.09% |
| Symbol | Devonian |
Devonian Health '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 Devonian Health'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 Devonian Health.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Devonian Health on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Devonian Health Group or generate 0.0% return on investment in Devonian Health over 30 days. Devonian Health is related to or competes with Premium Income, E L, Fairfax Financial, Fairfax Fin, Fairfax Financial, Fairfax Financial, and Fairfax Financial. Devonian Health Group Inc., a pharmaceutical company, engages in the development of botanical drugs More
Devonian Health 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 Devonian Health'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 Devonian Health Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.43 | |||
| Information Ratio | 0.0711 | |||
| Maximum Drawdown | 65.15 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 27.27 |
Devonian Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devonian Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devonian Health's standard deviation. In reality, there are many statistical measures that can use Devonian Health historical prices to predict the future Devonian Health's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.038 | |||
| Treynor Ratio | (0.70) |
Devonian Health Group Backtested Returns
Devonian Health appears to be out of control, given 3 months investment horizon. Devonian Health Group secures Sharpe Ratio (or Efficiency) of 0.0844, which denotes the company had a 0.0844% return per unit of risk over the last 3 months. By reviewing Devonian Health's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Devonian Health's Downside Deviation of 20.43, mean deviation of 4.85, and Coefficient Of Variation of 1211.99 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Devonian Health holds a performance score of 6. The firm shows a Beta (market volatility) of -1.26, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Devonian Health are expected to decrease by larger amounts. On the other hand, during market turmoil, Devonian Health is expected to outperform it. Please check Devonian Health's value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Devonian Health's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Devonian Health Group has insignificant predictability. Overlapping area represents the amount of predictability between Devonian Health time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Devonian Health Group price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Devonian Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Devonian Health Group lagged returns against current returns
Autocorrelation, which is Devonian Health 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 Devonian Health's stock expected returns. We can calculate the autocorrelation of Devonian Health returns to help us make a trade decision. For example, suppose you find that Devonian Health 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 |
Devonian Health 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 Devonian Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devonian Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devonian Health stock over time.
Current vs Lagged Prices |
| Timeline |
Devonian Health Lagged Returns
When evaluating Devonian Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devonian Health stock have on its future price. Devonian Health 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, Devonian Health autocorrelation shows the relationship between Devonian Health stock current value and its past values and can show if there is a momentum factor associated with investing in Devonian Health Group.
Regressed Prices |
| Timeline |
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Additional Tools for Devonian Stock Analysis
When running Devonian Health's price analysis, check to measure Devonian Health'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 Devonian Health is operating at the current time. Most of Devonian Health's value examination focuses on studying past and present price action to predict the probability of Devonian Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devonian Health's price. Additionally, you may evaluate how the addition of Devonian Health to your portfolios can decrease your overall portfolio volatility.