Electromed Stock Market Value
| ELMD Stock | USD 28.07 1.14 3.90% |
| Symbol | Electromed |
Electromed Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electromed. If investors know Electromed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.809 | Earnings Share 0.72 | Revenue Per Share 6.39 | Quarterly Revenue Growth 0.09 | Return On Assets 0.0839 |
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electromed's market value can be influenced by many factors that don't directly affect Electromed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed'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.
Electromed '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 Electromed'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 Electromed.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Electromed on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Electromed or generate 0.0% return on investment in Electromed over 30 days. Electromed is related to or competes with Neuropace, Orthopediatrics Corp, SurModics, Paragon 28, LivaNova PLC, Pulmonx Corp, and Iradimed. Electromed, Inc. develops, manufactures, markets, and sells airway clearance therapy and related products that apply hig... More
Electromed 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 Electromed'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 Electromed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.2796 | |||
| Maximum Drawdown | 13.47 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 6.65 |
Electromed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electromed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electromed's standard deviation. In reality, there are many statistical measures that can use Electromed historical prices to predict the future Electromed's volatility.| Risk Adjusted Performance | 0.2465 | |||
| Jensen Alpha | 0.9197 | |||
| Total Risk Alpha | 0.5853 | |||
| Sortino Ratio | 0.3088 | |||
| Treynor Ratio | 1.11 |
Electromed Backtested Returns
Electromed is not too volatile given 3 months investment horizon. Electromed secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the company had a 0.33% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Electromed Coefficient Of Variation of 319.32, mean deviation of 2.57, and Downside Deviation of 2.95 to evaluate company specific risk that cannot be diversified away. Electromed holds a performance score of 25 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. Electromed returns are very sensitive to returns on the market. As the market goes up or down, Electromed is expected to follow. Use Electromed maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on Electromed.
Auto-correlation | 0.27 |
Poor predictability
Electromed has poor predictability. Overlapping area represents the amount of predictability between Electromed time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Electromed price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Electromed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Electromed lagged returns against current returns
Autocorrelation, which is Electromed 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 Electromed's stock expected returns. We can calculate the autocorrelation of Electromed returns to help us make a trade decision. For example, suppose you find that Electromed 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 |
Electromed 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 Electromed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electromed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electromed stock over time.
Current vs Lagged Prices |
| Timeline |
Electromed Lagged Returns
When evaluating Electromed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electromed stock have on its future price. Electromed 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, Electromed autocorrelation shows the relationship between Electromed stock current value and its past values and can show if there is a momentum factor associated with investing in Electromed.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Electromed is a strong investment it is important to analyze Electromed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electromed's future performance. For an informed investment choice regarding Electromed Stock, refer to the following important reports:Check out Electromed Correlation, Electromed Volatility and Electromed Alpha and Beta module to complement your research on Electromed. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Electromed 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.