Medical Equipment And Fund Market Value
| FSMEX Fund | USD 68.03 0.10 0.15% |
| Symbol | Medical |
Medical Equipment '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 Equipment's mutual fund 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 Equipment.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Medical Equipment on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Medical Equipment And or generate 0.0% return on investment in Medical Equipment over 180 days. Medical Equipment is related to or competes with Software And, Health Care, Retailing Portfolio, Health Care, and Defense And. The fund normally invests at least 80 percent of its assets in securities of companies principally engaged in research, ... More
Medical Equipment 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 Equipment's mutual fund 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 Equipment And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.846 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.28 |
Medical Equipment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Equipment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Equipment's standard deviation. In reality, there are many statistical measures that can use Medical Equipment historical prices to predict the future Medical Equipment's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.0378 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medical Equipment's 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 Equipment And Backtested Returns
At this stage we consider Medical Mutual Fund to be very steady. Medical Equipment And has Sharpe Ratio of 0.0579, which conveys that the entity had a 0.0579% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Medical Equipment, which you can use to evaluate the volatility of the fund. Please verify Medical Equipment's Risk Adjusted Performance of 0.0513, downside deviation of 0.846, and Mean Deviation of 0.6617 to check out if the risk estimate we provide is consistent with the expected return of 0.0473%. The fund secures a Beta (Market Risk) of 0.0497, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medical Equipment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medical Equipment is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Medical Equipment And has weak predictability. Overlapping area represents the amount of predictability between Medical Equipment time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Equipment And price movement. The serial correlation of 0.23 indicates that over 23.0% of current Medical Equipment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Medical Equipment And lagged returns against current returns
Autocorrelation, which is Medical Equipment mutual fund'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 Equipment's mutual fund expected returns. We can calculate the autocorrelation of Medical Equipment returns to help us make a trade decision. For example, suppose you find that Medical Equipment has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Equipment 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 Equipment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical Equipment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medical Equipment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Medical Equipment Lagged Returns
When evaluating Medical Equipment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Equipment mutual fund have on its future price. Medical Equipment 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 Equipment autocorrelation shows the relationship between Medical Equipment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Medical Equipment And.
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.Other Information on Investing in Medical Mutual Fund
Medical Equipment financial ratios help investors to determine whether Medical Mutual Fund 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 Equipment security.
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