Surgical Science (UK) Market Value
| 0AAU Stock | 144.90 0.30 0.21% |
| Symbol | Surgical |
Surgical Science '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 Surgical Science'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 Surgical Science.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Surgical Science on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Surgical Science Sweden or generate 0.0% return on investment in Surgical Science over 360 days. Surgical Science is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, MOL Hungarian, Reliance Industries, and SoftBank Group. Surgical Science is entity of United Kingdom More
Surgical Science 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 Surgical Science'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 Surgical Science Sweden upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0257 | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 5.69 |
Surgical Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surgical Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surgical Science's standard deviation. In reality, there are many statistical measures that can use Surgical Science historical prices to predict the future Surgical Science's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.2197 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | (1.35) |
Surgical Science Sweden Backtested Returns
Currently, Surgical Science Sweden is very steady. Surgical Science Sweden owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0409, which indicates the firm had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Surgical Science Sweden, which you can use to evaluate the volatility of the company. Please validate Surgical Science's Coefficient Of Variation of 1484.55, risk adjusted performance of 0.0592, and Semi Deviation of 2.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Surgical Science has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Surgical Science are expected to decrease at a much lower rate. During the bear market, Surgical Science is likely to outperform the market. Surgical Science Sweden right now has a risk of 3.07%. Please validate Surgical Science coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Surgical Science will be following its existing price patterns.
Auto-correlation | 0.50 |
Modest predictability
Surgical Science Sweden has modest predictability. Overlapping area represents the amount of predictability between Surgical Science time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Surgical Science Sweden price movement. The serial correlation of 0.5 indicates that about 50.0% of current Surgical Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 50.81 |
Surgical Science Sweden lagged returns against current returns
Autocorrelation, which is Surgical Science 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 Surgical Science's stock expected returns. We can calculate the autocorrelation of Surgical Science returns to help us make a trade decision. For example, suppose you find that Surgical Science 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 |
Surgical Science 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 Surgical Science stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surgical Science stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surgical Science stock over time.
Current vs Lagged Prices |
| Timeline |
Surgical Science Lagged Returns
When evaluating Surgical Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surgical Science stock have on its future price. Surgical Science 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, Surgical Science autocorrelation shows the relationship between Surgical Science stock current value and its past values and can show if there is a momentum factor associated with investing in Surgical Science Sweden.
Regressed Prices |
| Timeline |
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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.Additional Tools for Surgical Stock Analysis
When running Surgical Science's price analysis, check to measure Surgical Science'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 Surgical Science is operating at the current time. Most of Surgical Science's value examination focuses on studying past and present price action to predict the probability of Surgical Science's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surgical Science's price. Additionally, you may evaluate how the addition of Surgical Science to your portfolios can decrease your overall portfolio volatility.