Medical Facilities Stock Market Value
| DR Stock | CAD 16.18 0.31 1.95% |
| Symbol | Medical |
Medical Facilities Price To Book Ratio
Medical Facilities '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 Medical Facilities' 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 Medical Facilities.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Medical Facilities on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Medical Facilities or generate 0.0% return on investment in Medical Facilities over 30 days. Medical Facilities is related to or competes with Extendicare, Sienna Senior, Rogers Sugar, Chemtrade Logistics, and Exchange Income. Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulato... More
Medical Facilities 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 Medical Facilities' 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 Medical Facilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.36 |
Medical Facilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Facilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Facilities' standard deviation. In reality, there are many statistical measures that can use Medical Facilities historical prices to predict the future Medical Facilities' volatility.| Risk Adjusted Performance | 0.1315 | |||
| Jensen Alpha | 0.2506 | |||
| Total Risk Alpha | 0.0014 | |||
| Sortino Ratio | 0.1049 | |||
| Treynor Ratio | (8.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medical Facilities' 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.
Medical Facilities Backtested Returns
Medical Facilities appears to be not too volatile, given 3 months investment horizon. Medical Facilities has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Medical Facilities, which you can use to evaluate the volatility of the firm. Please exercise Medical Facilities' Mean Deviation of 1.11, risk adjusted performance of 0.1315, and Downside Deviation of 1.2 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Medical Facilities holds a performance score of 13. The company secures a Beta (Market Risk) of -0.029, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Medical Facilities are expected to decrease at a much lower rate. During the bear market, Medical Facilities is likely to outperform the market. Please check Medical Facilities' standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Medical Facilities' current price movements will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Medical Facilities has weak reverse predictability. Overlapping area represents the amount of predictability between Medical Facilities time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Medical Facilities price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Medical Facilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Medical Facilities lagged returns against current returns
Autocorrelation, which is Medical Facilities 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 Medical Facilities' stock expected returns. We can calculate the autocorrelation of Medical Facilities returns to help us make a trade decision. For example, suppose you find that Medical Facilities 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 |
Medical Facilities 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 Medical Facilities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical Facilities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medical Facilities stock over time.
Current vs Lagged Prices |
| Timeline |
Medical Facilities Lagged Returns
When evaluating Medical Facilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Facilities stock have on its future price. Medical Facilities 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, Medical Facilities autocorrelation shows the relationship between Medical Facilities stock current value and its past values and can show if there is a momentum factor associated with investing in Medical Facilities.
Regressed Prices |
| Timeline |
Pair Trading with Medical Facilities
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medical Facilities position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medical Facilities will appreciate offsetting losses from the drop in the long position's value.Moving together with Medical Stock
Moving against Medical Stock
The ability to find closely correlated positions to Medical Facilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medical Facilities when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medical Facilities - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medical Facilities to buy it.
The correlation of Medical Facilities is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medical Facilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medical Facilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medical Facilities can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Medical Stock
Medical Facilities financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Facilities security.