Health (Australia) Market Value
| HPP Stock | 0.04 0.00 0.00% |
| Symbol | Health |
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 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 Health.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Health on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Health and Plant or generate 0.0% return on investment in Health over 30 days. Health is related to or competes with Ramsay Health, Regis Healthcare, Seven West, Cleanaway Waste, Event Hospitality, Austco Healthcare, and Super Retail. Health is entity of Australia. It is traded as Stock on AU exchange. More
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 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 Health and Plant upside and downside potential and time the market with a certain degree of confidence.
Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Health's standard deviation. In reality, there are many statistical measures that can use Health historical prices to predict the future Health's volatility.Health and Plant Backtested Returns
We have found three technical indicators for Health and Plant, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Health are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Health and Plant has perfect predictability. Overlapping area represents the amount of predictability between Health time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Health and Plant price movement. The serial correlation of 1.0 indicates that 100.0% of current Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Health and Plant lagged returns against current returns
Autocorrelation, which is 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 Health's stock expected returns. We can calculate the autocorrelation of Health returns to help us make a trade decision. For example, suppose you find that 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 |
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 Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Health stock over time.
Current vs Lagged Prices |
| Timeline |
Health Lagged Returns
When evaluating Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Health stock have on its future price. 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, Health autocorrelation shows the relationship between Health stock current value and its past values and can show if there is a momentum factor associated with investing in Health and Plant.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Health Stock Analysis
When running Health's price analysis, check to measure 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 Health is operating at the current time. Most of Health's value examination focuses on studying past and present price action to predict the probability of 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 Health's price. Additionally, you may evaluate how the addition of Health to your portfolios can decrease your overall portfolio volatility.