Ramsay Health (Australia) Market Value
| RHCPA Preferred Stock | 105.71 0.21 0.20% |
| Symbol | Ramsay |
Ramsay 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 Ramsay Health's preferred 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 Ramsay Health.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Ramsay Health on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Ramsay Health Care or generate 0.0% return on investment in Ramsay Health over 720 days. Ramsay Health is related to or competes with Summerset Group, Oceania Healthcare, Pointsbet Holdings, Sims, and De Grey. More
Ramsay 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 Ramsay Health's preferred 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 Ramsay Health Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2219 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.3996 |
Ramsay Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramsay Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramsay Health's standard deviation. In reality, there are many statistical measures that can use Ramsay Health historical prices to predict the future Ramsay Health's volatility.| Risk Adjusted Performance | 0.1019 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 2.42 |
Ramsay Health Care Backtested Returns
At this point, Ramsay Health is very steady. Ramsay Health Care maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ramsay Health Care, which you can use to evaluate the volatility of the company. Please check Ramsay Health's Downside Deviation of 0.2219, standard deviation of 0.2229, and Risk Adjusted Performance of 0.1019 to confirm if the risk estimate we provide is consistent with the expected return of 0.0386%. Ramsay Health has a performance score of 13 on a scale of 0 to 100. The company holds a Beta of 0.0117, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ramsay Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ramsay Health is expected to be smaller as well. Ramsay Health Care right now holds a risk of 0.22%. Please check Ramsay Health Care expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Ramsay Health Care will be following its historical price patterns.
Auto-correlation | 0.87 |
Very good predictability
Ramsay Health Care has very good predictability. Overlapping area represents the amount of predictability between Ramsay Health time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Ramsay Health Care price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Ramsay Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 4.15 |
Ramsay Health Care lagged returns against current returns
Autocorrelation, which is Ramsay Health preferred 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 Ramsay Health's preferred stock expected returns. We can calculate the autocorrelation of Ramsay Health returns to help us make a trade decision. For example, suppose you find that Ramsay Health has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Ramsay 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 Ramsay Health preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramsay Health preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramsay Health preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Ramsay Health Lagged Returns
When evaluating Ramsay Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramsay Health preferred stock have on its future price. Ramsay 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, Ramsay Health autocorrelation shows the relationship between Ramsay Health preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Ramsay Health Care.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ramsay Preferred Stock
Ramsay Health financial ratios help investors to determine whether Ramsay Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ramsay with respect to the benefits of owning Ramsay Health security.