Davita Healthcare Partners Stock Market Value
| DVA Stock | USD 127.82 1.71 1.36% |
| Symbol | DaVita |
DaVita HealthCare Price To Book Ratio
Is DaVita HealthCare'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 DaVita HealthCare. If investors know DaVita 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 DaVita HealthCare 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 1.2 | Earnings Share 7.42 | Revenue Per Share 133.717 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0592 |
The market value of DaVita HealthCare is measured differently than its book value, which is the value of DaVita that is recorded on the company's balance sheet. Investors also form their own opinion of DaVita HealthCare's value that differs from its market value or its book value, called intrinsic value, which is DaVita HealthCare'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 DaVita HealthCare's market value can be influenced by many factors that don't directly affect DaVita HealthCare'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 DaVita HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if DaVita HealthCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DaVita 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.
DaVita 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 DaVita 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 DaVita HealthCare.
| 05/01/2022 |
| 04/20/2024 |
If you would invest 0.00 in DaVita HealthCare on May 1, 2022 and sell it all today you would earn a total of 0.00 from holding DaVita HealthCare Partners or generate 0.0% return on investment in DaVita HealthCare over 720 days. DaVita HealthCare is related to or competes with Certara, HealthStream, Evolent Health, Streamline Health, Definitive Healthcare, Simulations Plus, and Agiliti. DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure More
DaVita 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 DaVita 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 DaVita HealthCare Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.1237 | |||
| Maximum Drawdown | 11.5 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 3.76 |
DaVita HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DaVita HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DaVita HealthCare's standard deviation. In reality, there are many statistical measures that can use DaVita HealthCare historical prices to predict the future DaVita HealthCare's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.2399 | |||
| Total Risk Alpha | 0.0764 | |||
| Sortino Ratio | 0.1976 | |||
| Treynor Ratio | 0.3303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DaVita 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.
DaVita HealthCare Backtested Returns
DaVita HealthCare appears to be very steady, given 3 months investment horizon. DaVita HealthCare secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for DaVita HealthCare Partners, which you can use to evaluate the volatility of the firm. Please utilize DaVita HealthCare's Market Risk Adjusted Performance of 0.3403, downside deviation of 1.19, and Mean Deviation of 1.26 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DaVita HealthCare holds a performance score of 13. The firm shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. DaVita HealthCare returns are very sensitive to returns on the market. As the market goes up or down, DaVita HealthCare is expected to follow. Please check DaVita HealthCare's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether DaVita HealthCare's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
DaVita HealthCare Partners has insignificant reverse predictability. Overlapping area represents the amount of predictability between DaVita HealthCare time series from 1st of May 2022 to 26th of April 2023 and 26th of April 2023 to 20th 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 DaVita HealthCare price movement. The serial correlation of -0.19 indicates that over 19.0% of current DaVita HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 237.34 |
DaVita HealthCare lagged returns against current returns
Autocorrelation, which is DaVita 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 DaVita HealthCare's stock expected returns. We can calculate the autocorrelation of DaVita HealthCare returns to help us make a trade decision. For example, suppose you find that DaVita 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 |
DaVita 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 DaVita HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DaVita HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DaVita HealthCare stock over time.
Current vs Lagged Prices |
| Timeline |
DaVita HealthCare Lagged Returns
When evaluating DaVita HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DaVita HealthCare stock have on its future price. DaVita 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, DaVita HealthCare autocorrelation shows the relationship between DaVita HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in DaVita HealthCare Partners.
Regressed Prices |
| Timeline |
Pair Trading with DaVita HealthCare
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 DaVita HealthCare 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 DaVita HealthCare will appreciate offsetting losses from the drop in the long position's value.Moving together with DaVita Stock
| 0.95 | ELMD | Electromed | PairCorr |
| 0.85 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.88 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
Moving against DaVita Stock
| 0.93 | IVP | Inspire Veterinary | PairCorr |
| 0.8 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.8 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.79 | NVST | Envista Holdings Corp Financial Report 1st of May 2024 | PairCorr |
| 0.77 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to DaVita HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DaVita HealthCare 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 DaVita HealthCare - 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 DaVita HealthCare Partners to buy it.
The correlation of DaVita HealthCare 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 DaVita HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DaVita HealthCare 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 DaVita HealthCare 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 DaVita HealthCare Correlation, DaVita HealthCare Volatility and DaVita HealthCare Alpha and Beta module to complement your research on DaVita HealthCare. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for DaVita Stock analysis
When running DaVita HealthCare's price analysis, check to measure DaVita 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 DaVita HealthCare is operating at the current time. Most of DaVita HealthCare's value examination focuses on studying past and present price action to predict the probability of DaVita 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 DaVita HealthCare's price. Additionally, you may evaluate how the addition of DaVita HealthCare to your portfolios can decrease your overall portfolio volatility.
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DaVita HealthCare 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.