Adapthealth Corp Stock Market Value
| AHCO Stock | USD 9.88 0.04 0.41% |
| Symbol | Adapthealth |
Adapthealth Corp Price To Book Ratio
Is Adapthealth Corp's industry 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 Adapthealth Corp. If investors know Adapthealth 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 Adapthealth Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.31) | Revenue Per Share 23.854 | Quarterly Revenue Growth 0.1 | Return On Assets 0.0335 | Return On Equity (0.37) |
The market value of Adapthealth Corp is measured differently than its book value, which is the value of Adapthealth that is recorded on the company's balance sheet. Investors also form their own opinion of Adapthealth Corp's value that differs from its market value or its book value, called intrinsic value, which is Adapthealth Corp'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 Adapthealth Corp's market value can be influenced by many factors that don't directly affect Adapthealth Corp'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 Adapthealth Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adapthealth Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adapthealth Corp'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.
Adapthealth Corp '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 Adapthealth Corp'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 Adapthealth Corp.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Adapthealth Corp on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Adapthealth Corp or generate 0.0% return on investment in Adapthealth Corp over 30 days. Adapthealth Corp is related to or competes with Axogen, Artivion, Integer Holdings, Paragon 28, LivaNova PLC, Anika Therapeutics, and Orthofix Medical. AdaptHealth Corp., together with its subsidiaries, provides home medical equipment , medical supplies, and home and rela... More
Adapthealth Corp 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 Adapthealth Corp'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 Adapthealth Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.121 | |||
| Maximum Drawdown | 35.97 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.42 |
Adapthealth Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adapthealth Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adapthealth Corp's standard deviation. In reality, there are many statistical measures that can use Adapthealth Corp historical prices to predict the future Adapthealth Corp's volatility.| Risk Adjusted Performance | 0.0937 | |||
| Jensen Alpha | 0.4553 | |||
| Total Risk Alpha | 0.1204 | |||
| Sortino Ratio | 0.1997 | |||
| Treynor Ratio | 0.229 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adapthealth Corp'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.
Adapthealth Corp Backtested Returns
Adapthealth Corp appears to be somewhat reliable, given 3 months investment horizon. Adapthealth Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. By analyzing Adapthealth Corp's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Adapthealth Corp's mean deviation of 2.8, and Risk Adjusted Performance of 0.0937 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adapthealth Corp holds a performance score of 11. The firm shows a Beta (market volatility) of 2.83, which signifies 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, Adapthealth Corp will likely underperform. Please check Adapthealth Corp's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Adapthealth Corp's price patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Adapthealth Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Adapthealth Corp time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th of April 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 Adapthealth Corp price movement. The serial correlation of -0.84 indicates that around 84.0% of current Adapthealth Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Adapthealth Corp lagged returns against current returns
Autocorrelation, which is Adapthealth Corp 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 Adapthealth Corp's stock expected returns. We can calculate the autocorrelation of Adapthealth Corp returns to help us make a trade decision. For example, suppose you find that Adapthealth Corp 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 |
Adapthealth Corp 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 Adapthealth Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adapthealth Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adapthealth Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Adapthealth Corp Lagged Returns
When evaluating Adapthealth Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adapthealth Corp stock have on its future price. Adapthealth Corp 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, Adapthealth Corp autocorrelation shows the relationship between Adapthealth Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Adapthealth Corp.
Regressed Prices |
| Timeline |
Pair Trading with Adapthealth Corp
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 Adapthealth Corp 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 Adapthealth Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Adapthealth Stock
| 0.74 | ENSG | Ensign Group Financial Report 24th of April 2024 | PairCorr |
Moving against Adapthealth Stock
| 0.87 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | INNV | InnovAge Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.81 | EKSO | Ekso Bionics Holdings Financial Report 25th of April 2024 | PairCorr |
| 0.81 | LUCY | Innovative Eyewear | PairCorr |
| 0.81 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Adapthealth Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adapthealth Corp 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 Adapthealth Corp - 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 Adapthealth Corp to buy it.
The correlation of Adapthealth Corp 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 Adapthealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adapthealth Corp 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 Adapthealth Corp 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.Check out Adapthealth Corp Correlation, Adapthealth Corp Volatility and Adapthealth Corp Alpha and Beta module to complement your research on Adapthealth Corp. To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.Note that the Adapthealth Corp information on this page should be used as a complementary analysis to other Adapthealth Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Adapthealth Stock analysis
When running Adapthealth Corp's price analysis, check to measure Adapthealth Corp'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 Adapthealth Corp is operating at the current time. Most of Adapthealth Corp's value examination focuses on studying past and present price action to predict the probability of Adapthealth Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adapthealth Corp's price. Additionally, you may evaluate how the addition of Adapthealth Corp to your portfolios can decrease your overall portfolio volatility.
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Adapthealth Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.