Carl Zeiss Meditec Stock Market Value
| CZMWY Stock | USD 60.76 2.56 4.40% |
| Symbol | Carl |
Carl Zeiss '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 Carl Zeiss' pink sheet 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 Carl Zeiss.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Carl Zeiss on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Carl Zeiss Meditec or generate 0.0% return on investment in Carl Zeiss over 60 days. Carl Zeiss is related to or competes with GlucoTrack, Sharps Technology, Utah Medical, Innovative Eyewear, and Microbot Medical. Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, the United States, Asia, and ... More
Carl Zeiss 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 Carl Zeiss' pink sheet 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 Carl Zeiss Meditec upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.58 |
Carl Zeiss Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carl Zeiss' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carl Zeiss' standard deviation. In reality, there are many statistical measures that can use Carl Zeiss historical prices to predict the future Carl Zeiss' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carl Zeiss' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Carl Zeiss Meditec Backtested Returns
Carl Zeiss Meditec secures Sharpe Ratio (or Efficiency) of -0.0746, which signifies that the company had a -0.0746% return per unit of risk over the last 3 months. Carl Zeiss Meditec exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carl Zeiss' Standard Deviation of 2.98, risk adjusted performance of (0.04), and Mean Deviation of 2.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Carl Zeiss returns are very sensitive to returns on the market. As the market goes up or down, Carl Zeiss is expected to follow. At this point, Carl Zeiss Meditec has a negative expected return of -0.22%. Please make sure to confirm Carl Zeiss' kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Carl Zeiss Meditec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Carl Zeiss Meditec has good predictability. Overlapping area represents the amount of predictability between Carl Zeiss time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Carl Zeiss Meditec price movement. The serial correlation of 0.79 indicates that around 79.0% of current Carl Zeiss price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 5.85 |
Carl Zeiss Meditec lagged returns against current returns
Autocorrelation, which is Carl Zeiss pink sheet'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 Carl Zeiss' pink sheet expected returns. We can calculate the autocorrelation of Carl Zeiss returns to help us make a trade decision. For example, suppose you find that Carl Zeiss has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Carl Zeiss 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 Carl Zeiss pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carl Zeiss pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carl Zeiss pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Carl Zeiss Lagged Returns
When evaluating Carl Zeiss' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carl Zeiss pink sheet have on its future price. Carl Zeiss 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, Carl Zeiss autocorrelation shows the relationship between Carl Zeiss pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carl Zeiss Meditec.
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 Carl Pink Sheet Analysis
When running Carl Zeiss' price analysis, check to measure Carl Zeiss' 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 Carl Zeiss is operating at the current time. Most of Carl Zeiss' value examination focuses on studying past and present price action to predict the probability of Carl Zeiss' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carl Zeiss' price. Additionally, you may evaluate how the addition of Carl Zeiss to your portfolios can decrease your overall portfolio volatility.