Ramsay Health Care Stock Market Value
| RMYHY Stock | USD 8.02 0.98 10.89% |
| Symbol | Ramsay |
Ramsay 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 Ramsay 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 Ramsay Health.
| 04/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Ramsay Health on April 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ramsay Health Care or generate 0.0% return on investment in Ramsay Health over 30 days. Ramsay Health is related to or competes with Encompass Health, Enhabit, Concord Medical, Ensign, Acadia Healthcare, Select Medical, and Addus HomeCare. The company also offers health care services to public and private patients More
Ramsay 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 Ramsay 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 Ramsay Health Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 5.46 |
Ramsay Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramsay Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramsay Health's standard deviation. In reality, there are many statistical measures that can use Ramsay Health historical prices to predict the future Ramsay Health's volatility.| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0631 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ramsay 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.
Ramsay Health Care Backtested Returns
We consider Ramsay Health slightly risky. Ramsay Health Care maintains Sharpe Ratio (i.e., Efficiency) of 0.0254, which implies the firm had a 0.0254% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ramsay Health Care, which you can use to evaluate the volatility of the company. Please check Ramsay Health's Semi Deviation of 2.68, risk adjusted performance of 0.0253, and Coefficient Of Variation of 3502.76 to confirm if the risk estimate we provide is consistent with the expected return of 0.0899%. Ramsay Health has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.39, 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, Ramsay Health will likely underperform. Ramsay Health Care right now holds a risk of 3.54%. Please check Ramsay Health Care value at risk, as well as the relationship between the kurtosis and period momentum indicator , to decide if Ramsay Health Care will be following its historical price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Ramsay Health Care has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ramsay Health time series from 17th of April 2024 to 2nd of May 2024 and 2nd of May 2024 to 17th 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 Ramsay Health Care price movement. The serial correlation of -0.19 indicates that over 19.0% of current Ramsay Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Ramsay Health Care lagged returns against current returns
Autocorrelation, which is Ramsay 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 Ramsay Health's pink sheet expected returns. We can calculate the autocorrelation of Ramsay Health returns to help us make a trade decision. For example, suppose you find that Ramsay 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 |
Ramsay 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 Ramsay Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramsay 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 Ramsay Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ramsay Health Lagged Returns
When evaluating Ramsay Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramsay Health pink sheet have on its future price. Ramsay 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, Ramsay Health autocorrelation shows the relationship between Ramsay Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ramsay Health Care.
Regressed Prices |
| Timeline |
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Check out Ramsay Health Correlation, Ramsay Health Volatility and Ramsay Health Alpha and Beta module to complement your research on Ramsay Health. Note that the Ramsay Health Care information on this page should be used as a complementary analysis to other Ramsay Health'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Ramsay Pink Sheet analysis
When running Ramsay Health's price analysis, check to measure Ramsay Health'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 Ramsay Health is operating at the current time. Most of Ramsay Health's value examination focuses on studying past and present price action to predict the probability of Ramsay Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ramsay Health's price. Additionally, you may evaluate how the addition of Ramsay Health to your portfolios can decrease your overall portfolio volatility.
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Ramsay Health 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.