Global Healthcare's market value is the price at which a share of Global Healthcare stock trades on a public exchange. It measures the collective expectations of Global Healthcare REIT investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Global Healthcare REIT and determine expected loss or profit from investing in Global Healthcare over a given investment horizon. Check out Global Healthcare Correlation, Global Healthcare Volatility and Global Healthcare Alpha and Beta module to complement your research on Global Healthcare.
Please note, there is a significant difference between Global Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Healthcare'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.
Global 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 Global 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 Global Healthcare.
No Change 0.00
In 30 days
If you would invest 0.00 in Global Healthcare on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Global Healthcare REIT or generate 0.0% return on investment in Global Healthcare over 30 days. Global Healthcare is related to or competes with Sphere Entertainment, Hanover Foods, Tyson Foods, Reservoir Media, NH Foods, Albertsons Companies, and Sovos Brands. was organized with the intent of operating as a real estate investment trust for the purpose of investing in real estate... More
Global 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 Global 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 Global Healthcare REIT upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Healthcare's standard deviation. In reality, there are many statistical measures that can use Global Healthcare historical prices to predict the future Global Healthcare's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Global Healthcare'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. Please use the tools below to analyze the current value of Global Healthcare in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Global Healthcare. Your research has to be compared to or analyzed against Global Healthcare's peers to derive any actionable benefits. When done correctly, Global Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Global Healthcare REIT.
Global Healthcare REIT Backtested Returns
Global Healthcare REIT holds Efficiency (Sharpe) Ratio of -0.0075, which attests that the entity had -0.0075% return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Global Healthcare REIT exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Global Healthcare's Market Risk Adjusted Performance of (0.37), risk adjusted performance of 0.0044, and Standard Deviation of 7.17 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Healthcare returns are expected to increase less than the market. However, during the bear market, the loss on holding Global Healthcare will be expected to be smaller as well. Even though it is essential to pay attention to Global Healthcare REIT current price history, it is always good to be careful when utilizing equity current price movements. Global Healthcare REIT has an expected return of -0.053%. Please make sure to check out Global Healthcare information ratio, skewness, as well as the relationship between the Skewness and day typical price to decide if Global Healthcare REIT performance from the past will be repeated at some point in the near future.
Good reverse predictability
Global Healthcare REIT has good reverse predictability. Overlapping area represents the amount of predictability between Global Healthcare time series from 26th of January 2024 to 10th of February 2024 and 10th of February 2024 to 25th of February 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 Global Healthcare REIT price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Global Healthcare price fluctuation can be explain by its past prices.
Spearman Rank Test
Global Healthcare REIT lagged returns against current returns
Autocorrelation, which is Global 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 Global Healthcare's pink sheet expected returns. We can calculate the autocorrelation of Global Healthcare returns to help us make a trade decision. For example, suppose you find that Global Healthcare pink sheet 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 stock movement to match the lagging time series.
Current and Lagged Values
Global 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 Global Healthcare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global 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 Global Healthcare pink sheet over time.
Current vs Lagged Prices
Global Healthcare Lagged Returns
When evaluating Global Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Healthcare pink sheet have on its future price. Global 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, Global Healthcare autocorrelation shows the relationship between Global Healthcare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Healthcare REIT.
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Check out Global Healthcare Correlation, Global Healthcare Volatility and Global Healthcare Alpha and Beta module to complement your research on Global Healthcare. Note that the Global Healthcare REIT information on this page should be used as a complementary analysis to other Global Healthcare'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Global Pink Sheet analysis
When running Global Healthcare's price analysis, check to measure Global 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 Global Healthcare is operating at the current time. Most of Global Healthcare's value examination focuses on studying past and present price action to predict the probability of Global 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 Global Healthcare's price. Additionally, you may evaluate how the addition of Global Healthcare to your portfolios can decrease your overall portfolio volatility.
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Global Healthcare technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Global Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Global Healthcare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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