Medigus Ltd. Short Interest Update
| MDGSDelisted Stock | USD 1.73 0.01 0.58% |
Slightly above 53% of Medigus' investor base is interested to short. The analysis of current outlook of investing in Medigus Ltd ADR suggests that many traders are impartial regarding Medigus' prospects. Medigus' investing sentiment can be driven by a variety of factors including economic data, Medigus' earnings reports, geopolitical events, and overall market trends.
Medigus |
Medigus Ltd. was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 27,000 shares, an increase of 382.1 percent from the May 31st total of 5,600 shares. Based on an average daily trading volume, of 70,400 shares, the days-to-cover ratio is
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Medigus Fundamental Analysis
We analyze Medigus' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Medigus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Medigus based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Medigus is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Medigus Ltd ADR Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Medigus stock to make a market-neutral strategy. Peer analysis of Medigus could also be used in its relative valuation, which is a method of valuing Medigus by comparing valuation metrics with similar companies.
Peers
Medigus Related Equities
| NSYS | Nortech Systems | 11.65 | ||||
| DCTH | Delcath Systems | 5.88 | ||||
| ICCM | Icecure Medical | 5.06 | ||||
| SSKN | STRATA Skin | 3.96 | ||||
| FNA | Paragon 28 | 3.20 | ||||
| BWAY | Brainsway | 1.96 | ||||
| RSLS | ReShape Lifesciences | 1.78 | ||||
| BJDX | Bluejay Diagnostics | 0.57 | ||||
| BRSYF | BrainsWay | 0.00 | ||||
| SRDX | SurModics | 0.23 | ||||
| IRIX | IRIDEX | 0.56 | ||||
| NXL | Nexalin Technology | 2.11 | ||||
| TNON | Tenon Medical | 2.14 | ||||
| NUWE | Nuwellis | 3.62 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Medigus Stock
If you are still planning to invest in Medigus Ltd ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Medigus' history and understand the potential risks before investing.
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