Yatharth Hospital (India) Market Value
| YATHARTH | 594.65 4.55 0.76% |
| Symbol | Yatharth |
Yatharth Hospital '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 Yatharth Hospital'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 Yatharth Hospital.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Yatharth Hospital on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Yatharth Hospital Trauma or generate 0.0% return on investment in Yatharth Hospital over 720 days. Yatharth Hospital is related to or competes with Sri Havisha, Aster DM, Gallantt Ispat, Computer Age, Ortel Communications, and Blue Jet. Yatharth Hospital is entity of India. It is traded as Stock on NSE exchange. More
Yatharth Hospital 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 Yatharth Hospital'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 Yatharth Hospital Trauma upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0285 | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 4.9 |
Yatharth Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yatharth Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yatharth Hospital's standard deviation. In reality, there are many statistical measures that can use Yatharth Hospital historical prices to predict the future Yatharth Hospital's volatility.| Risk Adjusted Performance | 0.0681 | |||
| Jensen Alpha | 0.1906 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 1.9 |
Yatharth Hospital Trauma Backtested Returns
Yatharth Hospital appears to be very steady, given 3 months investment horizon. Yatharth Hospital Trauma shows Sharpe Ratio of 0.0958, which attests that the company had a 0.0958% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yatharth Hospital Trauma, which you can use to evaluate the volatility of the company. Please utilize Yatharth Hospital's Market Risk Adjusted Performance of 1.91, downside deviation of 2.32, and Mean Deviation of 1.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yatharth Hospital holds a performance score of 7. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yatharth Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yatharth Hospital is expected to be smaller as well. Please check Yatharth Hospital's potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Yatharth Hospital's historical returns will revert.
Auto-correlation | 0.35 |
Below average predictability
Yatharth Hospital Trauma has below average predictability. Overlapping area represents the amount of predictability between Yatharth Hospital time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Yatharth Hospital Trauma price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Yatharth Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1446.49 |
Yatharth Hospital Trauma lagged returns against current returns
Autocorrelation, which is Yatharth Hospital 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 Yatharth Hospital's stock expected returns. We can calculate the autocorrelation of Yatharth Hospital returns to help us make a trade decision. For example, suppose you find that Yatharth Hospital 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 |
Yatharth Hospital 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 Yatharth Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yatharth Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yatharth Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Yatharth Hospital Lagged Returns
When evaluating Yatharth Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yatharth Hospital stock have on its future price. Yatharth Hospital 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, Yatharth Hospital autocorrelation shows the relationship between Yatharth Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Yatharth Hospital Trauma.
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 Yatharth Stock Analysis
When running Yatharth Hospital's price analysis, check to measure Yatharth Hospital'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 Yatharth Hospital is operating at the current time. Most of Yatharth Hospital's value examination focuses on studying past and present price action to predict the probability of Yatharth Hospital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yatharth Hospital's price. Additionally, you may evaluate how the addition of Yatharth Hospital to your portfolios can decrease your overall portfolio volatility.