Hca Holdings Etf Market Value
| HCA Etf | USD 326.65 4.76 1.48% |
| Symbol | HCA |
The market value of HCA Holdings is measured differently than its book value, which is the value of HCA that is recorded on the company's balance sheet. Investors also form their own opinion of HCA Holdings' value that differs from its market value or its book value, called intrinsic value, which is HCA Holdings' 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 HCA Holdings' market value can be influenced by many factors that don't directly affect HCA Holdings' 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 HCA Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if HCA Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCA Holdings' 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.
HCA Holdings '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 HCA Holdings' etf 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 HCA Holdings.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in HCA Holdings on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding HCA Holdings or generate 0.0% return on investment in HCA Holdings over 90 days. HCA Holdings is related to or competes with Acadia Healthcare, Tenet Healthcare, US Physicalrapy, DaVita HealthCare, Universal Health, Community Health, and Surgery Partners. HCA Healthcare, Inc., through its subsidiaries, provides health care services company in the United States More
HCA Holdings 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 HCA Holdings' etf 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 HCA Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.49 |
HCA Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCA Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCA Holdings' standard deviation. In reality, there are many statistical measures that can use HCA Holdings historical prices to predict the future HCA Holdings' volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HCA Holdings' 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.
HCA Holdings Backtested Returns
We consider HCA Holdings very steady. HCA Holdings retains Efficiency (Sharpe Ratio) of 0.0694, which attests that the etf had a 0.0694% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HCA Holdings, which you can use to evaluate the volatility of the entity. Please check out HCA Holdings' Semi Deviation of 1.3, market risk adjusted performance of (0.56), and Coefficient Of Variation of 1576.06 to validate if the risk estimate we provide is consistent with the expected return of 0.0947%. The entity owns a Beta (Systematic Risk) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HCA Holdings are expected to decrease at a much lower rate. During the bear market, HCA Holdings is likely to outperform the market.
Auto-correlation | -0.62 |
Very good reverse predictability
HCA Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between HCA Holdings time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th of May 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 HCA Holdings price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current HCA Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 93.65 |
HCA Holdings lagged returns against current returns
Autocorrelation, which is HCA Holdings etf'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 HCA Holdings' etf expected returns. We can calculate the autocorrelation of HCA Holdings returns to help us make a trade decision. For example, suppose you find that HCA Holdings has exhibited high autocorrelation historically, and you observe that the etf 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 |
HCA Holdings 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 HCA Holdings etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCA Holdings etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCA Holdings etf over time.
Current vs Lagged Prices |
| Timeline |
HCA Holdings Lagged Returns
When evaluating HCA Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCA Holdings etf have on its future price. HCA Holdings 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, HCA Holdings autocorrelation shows the relationship between HCA Holdings etf current value and its past values and can show if there is a momentum factor associated with investing in HCA Holdings.
Regressed Prices |
| Timeline |
HCA Holdings Implied Volatility | 29.34 |
HCA Holdings' implied volatility exposes the market's sentiment of HCA Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if HCA Holdings' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that HCA Holdings stock will not fluctuate a lot when HCA Holdings' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HCA Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HCA Holdings' short interest history, or implied volatility extrapolated from HCA Holdings options trading.
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Try AI Portfolio ArchitectCheck out HCA Holdings Correlation, HCA Holdings Volatility and HCA Holdings Alpha and Beta module to complement your research on HCA Holdings. For information on how to trade HCA Etf refer to our How to Trade HCA Etf guide.Note that the HCA Holdings information on this page should be used as a complementary analysis to other HCA Holdings' 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
HCA Holdings technical etf 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, etf market cycles, or different charting patterns.