Spire Healthcare (UK) Market Value
| SPI Stock | 225.50 6.00 2.73% |
| Symbol | Spire |
Spire 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 Spire Healthcare'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 Spire Healthcare.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Spire Healthcare on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Spire Healthcare Group or generate 0.0% return on investment in Spire Healthcare over 30 days. Spire Healthcare is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, MOL Hungarian, and OTP Bank. Spire Healthcare is entity of United Kingdom More
Spire 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 Spire Healthcare'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 Spire Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.62 |
Spire Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spire Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spire Healthcare's standard deviation. In reality, there are many statistical measures that can use Spire Healthcare historical prices to predict the future Spire Healthcare's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 1.65 |
Spire Healthcare Backtested Returns
Spire Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Spire Healthcare Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spire Healthcare's Variance of 1.69, coefficient of variation of (756.93), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spire Healthcare are expected to decrease at a much lower rate. During the bear market, Spire Healthcare is likely to outperform the market. At this point, Spire Healthcare has a negative expected return of -0.17%. Please make sure to validate Spire Healthcare's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Spire Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Spire Healthcare Group has below average predictability. Overlapping area represents the amount of predictability between Spire Healthcare time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Spire Healthcare price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Spire Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 10.88 |
Spire Healthcare lagged returns against current returns
Autocorrelation, which is Spire Healthcare 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 Spire Healthcare's stock expected returns. We can calculate the autocorrelation of Spire Healthcare returns to help us make a trade decision. For example, suppose you find that Spire Healthcare 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 |
Spire 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 Spire Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spire Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spire Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Spire Healthcare Lagged Returns
When evaluating Spire Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spire Healthcare stock have on its future price. Spire 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, Spire Healthcare autocorrelation shows the relationship between Spire Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Spire Healthcare Group.
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.Other Information on Investing in Spire Stock
Spire Healthcare financial ratios help investors to determine whether Spire Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spire with respect to the benefits of owning Spire Healthcare security.