HEALTHADD (India) Market Value
| HEALTHADD | 143.60 2.30 1.58% |
| Symbol | HEALTHADD |
Please note, there is a significant difference between HEALTHADD's value and its price as these two are different measures arrived at by different means. Investors typically determine if HEALTHADD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEALTHADD'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.
HEALTHADD '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 HEALTHADD'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 HEALTHADD.
| 05/09/2025 |
| 08/07/2025 |
If you would invest 0.00 in HEALTHADD on May 9, 2025 and sell it all today you would earn a total of 0.00 from holding HEALTHADD or generate 0.0% return on investment in HEALTHADD over 90 days. HEALTHADD is related to or competes with Reliance Industries, HDFC Bank, Bharti Airtel, and Tata Consultancy. HEALTHADD is entity of India. It is traded as Stock on NSE exchange. More
HEALTHADD 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 HEALTHADD'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 HEALTHADD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9231 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.07 |
HEALTHADD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTHADD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEALTHADD's standard deviation. In reality, there are many statistical measures that can use HEALTHADD historical prices to predict the future HEALTHADD's volatility.| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HEALTHADD'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.
HEALTHADD Backtested Returns
At this point, HEALTHADD is very steady. HEALTHADD retains Efficiency (Sharpe Ratio) of 0.0947, which attests that the entity had a 0.0947 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HEALTHADD, which you can use to evaluate the volatility of the firm. Please check out HEALTHADD's Semi Deviation of 0.8853, coefficient of variation of 2143.38, and Market Risk Adjusted Performance of 0.0814 to validate if the risk estimate we provide is consistent with the expected return of 0.0691%. HEALTHADD has a performance score of 7 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HEALTHADD's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEALTHADD is expected to be smaller as well. HEALTHADD at this moment owns a risk of 0.73%. Please check out HEALTHADD coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if HEALTHADD will be following its current price history.
Auto-correlation | 0.62 |
Good predictability
HEALTHADD has good predictability. Overlapping area represents the amount of predictability between HEALTHADD time series from 9th of May 2025 to 23rd of June 2025 and 23rd of June 2025 to 7th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HEALTHADD price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current HEALTHADD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 5.37 |
HEALTHADD lagged returns against current returns
Autocorrelation, which is HEALTHADD 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 HEALTHADD's stock expected returns. We can calculate the autocorrelation of HEALTHADD returns to help us make a trade decision. For example, suppose you find that HEALTHADD 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 |
HEALTHADD 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 HEALTHADD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEALTHADD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEALTHADD stock over time.
Current vs Lagged Prices |
| Timeline |
HEALTHADD Lagged Returns
When evaluating HEALTHADD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEALTHADD stock have on its future price. HEALTHADD 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, HEALTHADD autocorrelation shows the relationship between HEALTHADD stock current value and its past values and can show if there is a momentum factor associated with investing in HEALTHADD.
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 HEALTHADD Stock
HEALTHADD financial ratios help investors to determine whether HEALTHADD 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 HEALTHADD with respect to the benefits of owning HEALTHADD security.