Inspire Medical (Germany) Market Value
| 2DR Stock | EUR 193.25 4.00 2.03% |
| Symbol | Inspire |
Inspire Medical '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 Inspire Medical'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 Inspire Medical.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Inspire Medical on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Inspire Medical Systems or generate 0.0% return on investment in Inspire Medical over 30 days. Inspire Medical is related to or competes with Daito Trust, SALESFORCE INC, Sumitomo Mitsui, WIMFARM SA, Hanison Construction, and Federal Agricultural. Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimal... More
Inspire Medical 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 Inspire Medical'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 Inspire Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 3.98 |
Inspire Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Medical's standard deviation. In reality, there are many statistical measures that can use Inspire Medical historical prices to predict the future Inspire Medical's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.1026 | |||
| Total Risk Alpha | 0.1044 | |||
| Sortino Ratio | 0.0406 | |||
| Treynor Ratio | (0.61) |
Inspire Medical Systems Backtested Returns
At this point, Inspire Medical is very steady. Inspire Medical Systems holds Efficiency (Sharpe) Ratio of 0.0524, which attests that the entity had a 0.0524% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inspire Medical Systems, which you can use to evaluate the volatility of the firm. Please check out Inspire Medical's Market Risk Adjusted Performance of (0.60), downside deviation of 2.54, and Risk Adjusted Performance of 0.0442 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Inspire Medical has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Inspire Medical are expected to decrease at a much lower rate. During the bear market, Inspire Medical is likely to outperform the market. Inspire Medical Systems right now retains a risk of 2.48%. Please check out Inspire Medical jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Inspire Medical will be following its current trending patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Inspire Medical Systems has poor reverse predictability. Overlapping area represents the amount of predictability between Inspire Medical time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Inspire Medical Systems price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Inspire Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 58.86 |
Inspire Medical Systems lagged returns against current returns
Autocorrelation, which is Inspire Medical 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 Inspire Medical's stock expected returns. We can calculate the autocorrelation of Inspire Medical returns to help us make a trade decision. For example, suppose you find that Inspire Medical 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 |
Inspire Medical 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 Inspire Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Inspire Medical Lagged Returns
When evaluating Inspire Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Medical stock have on its future price. Inspire Medical 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, Inspire Medical autocorrelation shows the relationship between Inspire Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Inspire Medical Systems.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Inspire Stock
When determining whether Inspire Medical Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Inspire Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Inspire Medical Systems Stock. Highlighted below are key reports to facilitate an investment decision about Inspire Medical Systems Stock:Check out Inspire Medical Correlation, Inspire Medical Volatility and Inspire Medical Alpha and Beta module to complement your research on Inspire Medical. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Inspire Medical 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.