Community Health Systems Stock Market Value
| CYH Stock | USD 3.03 0.07 2.36% |
| Symbol | Community |
Community Health Systems Price To Book Ratio
Is Community Health'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 Community Health. If investors know Community 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 Community Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.89) | Earnings Share (1.02) | Revenue Per Share 95.749 | Quarterly Revenue Growth 0.013 | Return On Assets 0.0373 |
The market value of Community Health Systems is measured differently than its book value, which is the value of Community that is recorded on the company's balance sheet. Investors also form their own opinion of Community Health's value that differs from its market value or its book value, called intrinsic value, which is Community Health'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 Community Health's market value can be influenced by many factors that don't directly affect Community Health'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 Community Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Community Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Community Health'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.
Community 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 Community Health'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 Community Health.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Community Health on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Community Health Systems or generate 0.0% return on investment in Community Health over 30 days. Community Health is related to or competes with Universal Health, HCA Holdings, Surgery Partners, Acadia Healthcare, Tenet Healthcare, US Physicalrapy, and DaVita HealthCare. Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States More
Community 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 Community Health'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 Community Health Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 35.03 | |||
| Value At Risk | (8.19) | |||
| Potential Upside | 6.17 |
Community Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Community Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Community Health's standard deviation. In reality, there are many statistical measures that can use Community Health historical prices to predict the future Community Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Community 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.
Community Health Systems Backtested Returns
Community Health Systems secures Sharpe Ratio (or Efficiency) of -0.0344, which signifies that the company had a -0.0344% return per unit of risk over the last 3 months. Community Health Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Community Health's Mean Deviation of 3.54, standard deviation of 5.34, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.32, 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, Community Health will likely underperform. Community Health Systems has an expected return of -0.19%. Please make sure to confirm Community Health Systems value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Community Health Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Community Health Systems has modest predictability. Overlapping area represents the amount of predictability between Community Health time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Community Health Systems price movement. The serial correlation of 0.52 indicates that about 52.0% of current Community Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Community Health Systems lagged returns against current returns
Autocorrelation, which is Community Health 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 Community Health's stock expected returns. We can calculate the autocorrelation of Community Health returns to help us make a trade decision. For example, suppose you find that Community Health 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 |
Community 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 Community Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Community Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Community Health stock over time.
Current vs Lagged Prices |
| Timeline |
Community Health Lagged Returns
When evaluating Community Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Community Health stock have on its future price. Community 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, Community Health autocorrelation shows the relationship between Community Health stock current value and its past values and can show if there is a momentum factor associated with investing in Community Health Systems.
Regressed Prices |
| Timeline |
Community Health Investors Sentiment
The influence of Community Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Community. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Community Health's public news can be used to forecast risks associated with an investment in Community. The trend in average sentiment can be used to explain how an investor holding Community can time the market purely based on public headlines and social activities around Community Health Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Community Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Community Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Community Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Community Health.
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 Community Health 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, Community Health's short interest history, or implied volatility extrapolated from Community Health options trading.
Pair Trading with Community Health
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 Community Health 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 Community Health will appreciate offsetting losses from the drop in the long position's value.Moving against Community Stock
| 0.8 | CICHF | China Construction Bank | PairCorr |
| 0.71 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.56 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.51 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.5 | OCEA | Ocean Biomedical | PairCorr |
The ability to find closely correlated positions to Community Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Health 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 Community Health - 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 Community Health Systems to buy it.
The correlation of Community Health 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 Community Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Health Systems 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 Community Health 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 Community Health Correlation, Community Health Volatility and Community Health Alpha and Beta module to complement your research on Community Health. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Community Stock analysis
When running Community Health's price analysis, check to measure Community 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 Community Health is operating at the current time. Most of Community Health's value examination focuses on studying past and present price action to predict the probability of Community 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 Community Health's price. Additionally, you may evaluate how the addition of Community Health to your portfolios can decrease your overall portfolio volatility.
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Community Health 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.