Reliq Health Technologies Stock Market Value
| RQHTF Stock | USD 0.0001 0 90.91% |
| Symbol | Reliq |
Reliq 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 Reliq Health'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 Reliq Health.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Reliq Health on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Reliq Health Technologies or generate 0.0% return on investment in Reliq Health over 480 days. Reliq Health is related to or competes with EGF Theramed, Mitesco, Healthcare Triangle, Bullfrog, Cogstate, LifeMD Preferred, and Forian. Reliq Health Technologies Inc., a telemedicine company, develops virtual care solutions for the healthcare market More
Reliq 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 Reliq Health'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 Reliq Health Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1123 | |||
| Maximum Drawdown | 250.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 10.0 |
Reliq Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliq Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliq Health's standard deviation. In reality, there are many statistical measures that can use Reliq Health historical prices to predict the future Reliq Health's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 5.19 | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | 1.63 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reliq Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reliq Health Technologies Backtested Returns
Reliq Health is out of control given 3 months investment horizon. Reliq Health Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 20.15% are justified by taking the suggested risk. Use Reliq Health Coefficient Of Variation of 870.66, risk adjusted performance of 0.0928, and Variance of 2373.9 to evaluate company specific risk that cannot be diversified away. Reliq Health holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of 3.42, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Reliq Health will likely underperform. Use Reliq Health jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to analyze future returns on Reliq Health.
Auto-correlation | 0.78 |
Good predictability
Reliq Health Technologies has good predictability. Overlapping area represents the amount of predictability between Reliq Health time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Reliq Health Technologies price movement. The serial correlation of 0.78 indicates that around 78.0% of current Reliq Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Reliq Health Technologies lagged returns against current returns
Autocorrelation, which is Reliq Health 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 Reliq Health's pink sheet expected returns. We can calculate the autocorrelation of Reliq Health returns to help us make a trade decision. For example, suppose you find that Reliq Health 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 |
Reliq 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 Reliq Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliq Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliq Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Reliq Health Lagged Returns
When evaluating Reliq Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliq Health pink sheet have on its future price. Reliq 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, Reliq Health autocorrelation shows the relationship between Reliq Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Reliq Health Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Reliq Pink Sheet
Reliq Health financial ratios help investors to determine whether Reliq Pink Sheet 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 Reliq with respect to the benefits of owning Reliq Health security.