Predictmedix Financials
| PMEDF Stock | USD 0.01 0 10.00% |
Predictmedix |
Predictmedix Stock Summary
Predictmedix competes with Artivion, Anika Therapeutics, Sight Sciences, Orthofix Medical, and Avanos Medical. Predictmedix Inc., an artificial intelligence company, develops AI powered technologies for general workplace health and safety, and health care industry. The company was formerly known as Cultivar Holdings Inc. and changed its name to Predictmedix Inc. in April 2020. Predictmedix is traded on OTC Exchange in the United States.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| Business Address | 77 King Street |
| Sector | Healthcare |
| Industry | Medical Devices |
| Benchmark | Dow Jones Industrial |
| Website | www.predictmedix.com |
| Phone | 778 229 4319 |
| Currency | USD - US Dollar |
Predictmedix Key Financial Ratios
There are many critical financial ratios that Predictmedix's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Predictmedix reports annually and quarterly.| Return On Equity | -2.0 | |||
| Return On Asset | -0.8 | |||
| Beta | 2.08 | |||
| Z Score | -3.3 |
Predictmedix Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Predictmedix's current stock value. Our valuation model uses many indicators to compare Predictmedix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Predictmedix competition to find correlations between indicators driving Predictmedix's intrinsic value. More Info.Predictmedix is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Predictmedix's earnings, one of the primary drivers of an investment's value.Predictmedix Systematic Risk
Predictmedix's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Predictmedix volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Predictmedix correlated with the market. If Beta is less than 0 Predictmedix generally moves in the opposite direction as compared to the market. If Predictmedix Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Predictmedix is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Predictmedix is generally in the same direction as the market. If Beta > 1 Predictmedix moves generally in the same direction as, but more than the movement of the benchmark.
Predictmedix December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Predictmedix help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Predictmedix. We use our internally-developed statistical techniques to arrive at the intrinsic value of Predictmedix based on widely used predictive technical indicators. In general, we focus on analyzing Predictmedix Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Predictmedix's daily price indicators and compare them against related drivers.
| Downside Deviation | 22.98 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 155.83 | |||
| Value At Risk | (25.09) | |||
| Potential Upside | 50.0 |
Complementary Tools for Predictmedix Pink Sheet analysis
When running Predictmedix's price analysis, check to measure Predictmedix'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 Predictmedix is operating at the current time. Most of Predictmedix's value examination focuses on studying past and present price action to predict the probability of Predictmedix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Predictmedix's price. Additionally, you may evaluate how the addition of Predictmedix to your portfolios can decrease your overall portfolio volatility.
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