Change Stock Market Value

CHNG
 Stock
  

USD 27.42  0.03  0.11%   

Change Healthcare's market value is the price at which a share of Change Healthcare stock trades on a public exchange. It measures the collective expectations of Change Healthcare investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Change Healthcare and determine expected loss or profit from investing in Change Healthcare over a given investment horizon. Continue to Change Healthcare Correlation, Change Healthcare Volatility and Change Healthcare Alpha and Beta module to complement your research on Change Healthcare.
Symbol


Is Change 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 Change Healthcare. If investors know Change 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 Change Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Change Healthcare is measured differently than its book value, which is the value of Change that is recorded on the company's balance sheet. Investors also form their own opinion of Change Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Change 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 Change Healthcare's market value can be influenced by many factors that don't directly affect Change 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 Change Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Change Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Change 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.

Change 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 Change 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 Change Healthcare.
0.00
08/31/2022
No Change 0.00  0.0 
In 30 days
09/30/2022
0.00
If you would invest  0.00  in Change Healthcare on August 31, 2022 and sell it all today you would earn a total of 0.00 from holding Change Healthcare or generate 0.0% return on investment in Change Healthcare over 30 days. Change Healthcare is related to or competes with Amazon. Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to en... More

Change 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 Change 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 Change Healthcare upside and downside potential and time the market with a certain degree of confidence.

Change Healthcare Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Change Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Change Healthcare's standard deviation. In reality, there are many statistical measures that can use Change Healthcare historical prices to predict the future Change Healthcare's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Change 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. Please use the tools below to analyze the current value of Change Healthcare in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.3627.4628.56
Details
Intrinsic
Valuation
LowReal ValueHigh
27.3128.4129.51
Details
Naive
Forecast
LowNext ValueHigh
26.8227.9229.02
Details
5 Analysts
Consensus
LowTarget PriceHigh
25.7525.8126.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Change Healthcare. Your research has to be compared to or analyzed against Change Healthcare's peers to derive any actionable benefits. When done correctly, Change Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Change Healthcare.

Change Healthcare Backtested Returns

Change Healthcare appears to be very steady, given 3 months investment horizon. Change Healthcare secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had 0.23% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Change Healthcare, which you can use to evaluate the future volatility of the firm. Please makes use of Change Healthcare's mean deviation of 0.7259, and Risk Adjusted Performance of 0.2433 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Change Healthcare holds a performance score of 17. The firm shows a Beta (market volatility) of 0.1446, which signifies not very significant fluctuations relative to the market. Let's try to break down what Change's beta means in this case. As returns on the market increase, Change Healthcare returns are expected to increase less than the market. However, during the bear market, the loss on holding Change Healthcare will be expected to be smaller as well. Although it is vital to follow Change Healthcare historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Change Healthcare technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of Change Healthcare value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall to make a quick decision on whether Change Healthcare price patterns will revert.

Auto-correlation

    
  0.78  

Good predictability

Change Healthcare has good predictability. Overlapping area represents the amount of predictability between Change Healthcare time series from 31st of August 2022 to 15th of September 2022 and 15th of September 2022 to 30th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Change Healthcare price movement. The serial correlation of 0.78 indicates that around 78.0% of current Change Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.81
Residual Average0.0
Price Variance0.65

Change Healthcare lagged returns against current returns

Autocorrelation, which is Change 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 Change Healthcare's stock expected returns. We can calculate the autocorrelation of Change Healthcare returns to help us make a trade decision. For example, suppose you find that Change Healthcare stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Change 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 Change Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Change Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Change Healthcare stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Change Healthcare Lagged Returns

When evaluating Change Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Change Healthcare stock have on its future price. Change 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, Change Healthcare autocorrelation shows the relationship between Change Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Change Healthcare.
   Regressed Prices   
Share
       Timeline  

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 Change Healthcare 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, Change Healthcare's short interest history, or implied volatility extrapolated from Change Healthcare options trading.

Pair Trading with Change 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 Change 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 Change Healthcare will appreciate offsetting losses from the drop in the long position's value.

Moving against Change Healthcare

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The ability to find closely correlated positions to Change 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 Change 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 Change 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 Change Healthcare to buy it.
The correlation of Change Healthcare is a statistical measure of how it moves in relation to other equities. 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 Change Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Change 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 Change 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.
Pair CorrelationCorrelation Matching
Continue to Change Healthcare Correlation, Change Healthcare Volatility and Change Healthcare Alpha and Beta module to complement your research on Change Healthcare. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running Change Healthcare price analysis, check to measure Change 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 Change Healthcare is operating at the current time. Most of Change Healthcare's value examination focuses on studying past and present price action to predict the probability of Change Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Change Healthcare's price. Additionally, you may evaluate how the addition of Change Healthcare to your portfolios can decrease your overall portfolio volatility.
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Change 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.
A focus of Change Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Change Healthcare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...