Life Healthcare Group Stock Market Value
| LTGHY Stock | USD 3.58 0.04 1.13% |
| Symbol | Life |
Life 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 Life Healthcare's pink sheet 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 Life Healthcare.
| 09/24/2024 |
| 12/23/2024 |
If you would invest 0.00 in Life Healthcare on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Life Healthcare Group or generate 0.0% return on investment in Life Healthcare over 90 days. Life Healthcare is related to or competes with Medical Facilities, Ramsay Health, and Nova Leap. Life Healthcare Group Holdings Limited, together with its subsidiaries, operates private hospitals in South Africa, Cana... More
Life 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 Life Healthcare's pink sheet 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 Life Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0027 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.75 |
Life Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Life Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Life Healthcare's standard deviation. In reality, there are many statistical measures that can use Life Healthcare historical prices to predict the future Life Healthcare's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | 0.0222 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0022 | |||
| Treynor Ratio | 0.0957 |
Life Healthcare Group Backtested Returns
Life Healthcare Group has Sharpe Ratio of -0.0117, which conveys that the firm had a -0.0117% return per unit of risk over the last 3 months. Life Healthcare exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Life Healthcare's Risk Adjusted Performance of 0.0192, mean deviation of 1.96, and Downside Deviation of 2.98 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Life Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Life Healthcare is expected to be smaller as well. At this point, Life Healthcare Group has a negative expected return of -0.0292%. Please make sure to verify Life Healthcare's semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Life Healthcare Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Life Healthcare Group has modest predictability. Overlapping area represents the amount of predictability between Life Healthcare time series from 24th of September 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Life Healthcare Group price movement. The serial correlation of 0.54 indicates that about 54.0% of current Life Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Life Healthcare Group lagged returns against current returns
Autocorrelation, which is Life Healthcare pink sheet'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 Life Healthcare's pink sheet expected returns. We can calculate the autocorrelation of Life Healthcare returns to help us make a trade decision. For example, suppose you find that Life Healthcare has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Life 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 Life Healthcare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Life Healthcare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Life Healthcare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Life Healthcare Lagged Returns
When evaluating Life Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Life Healthcare pink sheet have on its future price. Life 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, Life Healthcare autocorrelation shows the relationship between Life Healthcare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Life Healthcare Group.
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.Additional Tools for Life Pink Sheet Analysis
When running Life Healthcare's price analysis, check to measure Life Healthcare'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 Life Healthcare is operating at the current time. Most of Life Healthcare's value examination focuses on studying past and present price action to predict the probability of Life Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Life Healthcare's price. Additionally, you may evaluate how the addition of Life Healthcare to your portfolios can decrease your overall portfolio volatility.