Healthcare Realty Trust Stock Market Value
| HR Stock | USD 18.32 0.16 0.87% |
| Symbol | Healthcare |
Healthcare Realty Trust Price To Book Ratio
Is Diversified REITs 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 Healthcare Realty. If investors know Healthcare 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 Healthcare Realty 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 (0.77) | Dividend Share 1.24 | Earnings Share (1.60) | Revenue Per Share 3.459 | Quarterly Revenue Growth (0.08) |
The market value of Healthcare Realty Trust is measured differently than its book value, which is the value of Healthcare that is recorded on the company's balance sheet. Investors also form their own opinion of Healthcare Realty's value that differs from its market value or its book value, called intrinsic value, which is Healthcare Realty'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 Healthcare Realty's market value can be influenced by many factors that don't directly affect Healthcare Realty'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 Healthcare Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Healthcare Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthcare Realty'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 Realty '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 Realty'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 Realty.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Healthcare Realty on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Healthcare Realty Trust or generate 0.0% return on investment in Healthcare Realty over 30 days. Healthcare Realty is related to or competes with Healthpeak Properties, Sabra Healthcare, Community Healthcare, Universal Health, Global Medical, CareTrust REIT, and Welltower. Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing inc... More
Healthcare Realty 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 Realty'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 Realty Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.89 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.01 |
Healthcare Realty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Realty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Realty's standard deviation. In reality, there are many statistical measures that can use Healthcare Realty historical prices to predict the future Healthcare Realty's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0834 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (5.18) |
Healthcare Realty Trust Backtested Returns
Currently, Healthcare Realty Trust is very steady. Healthcare Realty Trust holds Efficiency (Sharpe) Ratio of 0.0476, which attests that the entity had a 0.0476% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Healthcare Realty Trust, which you can use to evaluate the volatility of the firm. Please check out Healthcare Realty's market risk adjusted performance of (5.17), and Risk Adjusted Performance of 0.0522 to validate if the risk estimate we provide is consistent with the expected return of 0.0709%. Healthcare Realty has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0157, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Healthcare Realty are expected to decrease at a much lower rate. During the bear market, Healthcare Realty is likely to outperform the market. Healthcare Realty Trust right now retains a risk of 1.49%. Please check out Healthcare Realty coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Healthcare Realty will be following its current trending patterns.
Auto-correlation | 0.64 |
Good predictability
Healthcare Realty Trust has good predictability. Overlapping area represents the amount of predictability between Healthcare Realty time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Realty Trust price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Healthcare Realty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Healthcare Realty Trust lagged returns against current returns
Autocorrelation, which is Healthcare Realty 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 Realty's stock expected returns. We can calculate the autocorrelation of Healthcare Realty returns to help us make a trade decision. For example, suppose you find that Healthcare Realty 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 Realty 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 Realty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Realty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Realty stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Realty Lagged Returns
When evaluating Healthcare Realty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Realty stock have on its future price. Healthcare Realty 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 Realty autocorrelation shows the relationship between Healthcare Realty stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Realty Trust.
Regressed Prices |
| Timeline |
Pair Trading with Healthcare Realty
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Healthcare Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Healthcare Realty will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Healthcare Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Healthcare Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Healthcare Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Healthcare Realty Trust to buy it.
The correlation of Healthcare Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Healthcare Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Healthcare Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Healthcare Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Healthcare Stock Analysis
When running Healthcare Realty's price analysis, check to measure Healthcare Realty'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 Healthcare Realty is operating at the current time. Most of Healthcare Realty's value examination focuses on studying past and present price action to predict the probability of Healthcare Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Healthcare Realty's price. Additionally, you may evaluate how the addition of Healthcare Realty to your portfolios can decrease your overall portfolio volatility.