Eyebright Medical's market value is the price at which a share of Eyebright Medical trades on a public exchange. It measures the collective expectations of Eyebright Medical Technology investors about its performance. Eyebright Medical is trading at 98.73 as of the 18th of January 2025, a 2.76 percent increase since the beginning of the trading day. The stock's open price was 96.08. With this module, you can estimate the performance of a buy and hold strategy of Eyebright Medical Technology and determine expected loss or profit from investing in Eyebright Medical over a given investment horizon. Check out Eyebright Medical Correlation, Eyebright Medical Volatility and Eyebright Medical Alpha and Beta module to complement your research on Eyebright Medical.
Please note, there is a significant difference between Eyebright Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eyebright Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eyebright Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Eyebright 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 Eyebright 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 Eyebright Medical.
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01/24/2024
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In 11 months and 26 days
01/18/2025
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If you would invest 0.00 in Eyebright Medical on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Eyebright Medical Technology or generate 0.0% return on investment in Eyebright Medical over 360 days. Eyebright Medical is related to or competes with Western Metal, Lonkey Industrial, APT Medical, Guangzhou Haozhi, Zhonghong Pulin, Nanjing Vishee, and Hengkang Medical. Eyebright Medical is entity of China. It is traded as Stock on SHG exchange. More
Eyebright 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 Eyebright 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 Eyebright Medical Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eyebright Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eyebright Medical's standard deviation. In reality, there are many statistical measures that can use Eyebright Medical historical prices to predict the future Eyebright Medical's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eyebright Medical. Your research has to be compared to or analyzed against Eyebright Medical's peers to derive any actionable benefits. When done correctly, Eyebright Medical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Eyebright Medical.
Eyebright Medical Backtested Returns
At this point, Eyebright Medical is very steady. Eyebright Medical secures Sharpe Ratio (or Efficiency) of 0.0324, which denotes the company had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eyebright Medical Technology, which you can use to evaluate the volatility of the firm. Please confirm Eyebright Medical's Downside Deviation of 2.36, coefficient of variation of 2635.65, and Mean Deviation of 2.29 to check if the risk estimate we provide is consistent with the expected return of 0.0923%. Eyebright Medical has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eyebright Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eyebright Medical is expected to be smaller as well. Eyebright Medical right now shows a risk of 2.85%. Please confirm Eyebright Medical market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Eyebright Medical will be following its price patterns.
Auto-correlation
-0.33
Poor reverse predictability
Eyebright Medical Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Eyebright Medical time series from 24th of January 2024 to 22nd of July 2024 and 22nd of July 2024 to 18th 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 Eyebright Medical price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Eyebright Medical price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
-0.53
Residual Average
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Price Variance
91.34
Eyebright Medical lagged returns against current returns
Autocorrelation, which is Eyebright 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 Eyebright Medical's stock expected returns. We can calculate the autocorrelation of Eyebright Medical returns to help us make a trade decision. For example, suppose you find that Eyebright 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
Eyebright 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 Eyebright Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eyebright Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eyebright Medical stock over time.
Current vs Lagged Prices
Timeline
Eyebright Medical Lagged Returns
When evaluating Eyebright Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eyebright Medical stock have on its future price. Eyebright 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, Eyebright Medical autocorrelation shows the relationship between Eyebright Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Eyebright Medical Technology.
Eyebright Medical financial ratios help investors to determine whether Eyebright Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eyebright with respect to the benefits of owning Eyebright Medical security.