Resonance Health (Australia) Market Value
| RHT Stock | 0.04 0 5.00% |
| Symbol | Resonance |
Resonance 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 Resonance 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 Resonance Health.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Resonance Health on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Resonance Health or generate 0.0% return on investment in Resonance Health over 90 days. Resonance Health is related to or competes with Aneka Tambang, BHP, RIO Tinto, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Commonwealth Bank. Resonance Health is entity of Australia. It is traded as Stock on AU exchange. More
Resonance 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 Resonance 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 Resonance Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.17 | |||
| Information Ratio | (0.0002) | |||
| Maximum Drawdown | 23.59 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.5 |
Resonance Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resonance Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resonance Health's standard deviation. In reality, there are many statistical measures that can use Resonance Health historical prices to predict the future Resonance Health's volatility.| Risk Adjusted Performance | 0.0365 | |||
| Jensen Alpha | 0.0684 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.0002) | |||
| Treynor Ratio | 0.2767 |
Resonance Health Backtested Returns
Resonance Health appears to be out of control, given 3 months investment horizon. Resonance Health maintains Sharpe Ratio (i.e., Efficiency) of 0.0666, which implies the firm had a 0.0666 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Resonance Health, which you can use to evaluate the volatility of the company. Please evaluate Resonance Health's Coefficient Of Variation of 3274.82, semi deviation of 3.78, and Risk Adjusted Performance of 0.0365 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resonance Health holds a performance score of 5. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resonance Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resonance Health is expected to be smaller as well. Please check Resonance Health's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Resonance Health's historical price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Resonance Health has below average predictability. Overlapping area represents the amount of predictability between Resonance Health time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 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 Resonance Health price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Resonance Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resonance Health lagged returns against current returns
Autocorrelation, which is Resonance 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 Resonance Health's stock expected returns. We can calculate the autocorrelation of Resonance Health returns to help us make a trade decision. For example, suppose you find that Resonance 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 |
Resonance 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 Resonance Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resonance Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resonance Health stock over time.
Current vs Lagged Prices |
| Timeline |
Resonance Health Lagged Returns
When evaluating Resonance Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resonance Health stock have on its future price. Resonance 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, Resonance Health autocorrelation shows the relationship between Resonance Health stock current value and its past values and can show if there is a momentum factor associated with investing in Resonance Health.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Resonance Stock Analysis
When running Resonance Health's price analysis, check to measure Resonance 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 Resonance Health is operating at the current time. Most of Resonance Health's value examination focuses on studying past and present price action to predict the probability of Resonance 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 Resonance Health's price. Additionally, you may evaluate how the addition of Resonance Health to your portfolios can decrease your overall portfolio volatility.