Helius Medical Technologies Stock Market Value
| HSDT Stock | USD 0.49 0.03 6.52% |
| Symbol | Helius |
Helius Medical Techn 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 Helius Medical. If investors know Helius 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 Helius Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.27) | Revenue Per Share 0.512 | Quarterly Revenue Growth (0.29) | Return On Assets (0.76) | Return On Equity (1.62) |
The market value of Helius Medical Techn is measured differently than its book value, which is the value of Helius that is recorded on the company's balance sheet. Investors also form their own opinion of Helius Medical's value that differs from its market value or its book value, called intrinsic value, which is Helius Medical'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 Helius Medical's market value can be influenced by many factors that don't directly affect Helius Medical'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 Helius Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helius Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helius 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.
Helius 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 Helius 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 Helius Medical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Helius Medical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Helius Medical Technologies or generate 0.0% return on investment in Helius Medical over 30 days. Helius Medical is related to or competes with Nuwellis, ReShape Lifesciences, Bone Biologics, SINTX Technologies, Tivic Health, Bluejay Diagnostics, and Heart Test. Helius Medical Technologies, Inc., a neurotechnology company, focuses on developing, licensing, and acquiring non-invasi... More
Helius 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 Helius 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 Helius Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 60.51 | |||
| Value At Risk | (11.46) | |||
| Potential Upside | 13.16 |
Helius Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helius Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helius Medical's standard deviation. In reality, there are many statistical measures that can use Helius Medical historical prices to predict the future Helius Medical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.75) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Helius Medical'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.
Helius Medical Techn Backtested Returns
Helius Medical Techn holds Efficiency (Sharpe) Ratio of -0.0309, which attests that the entity had a -0.0309% return per unit of risk over the last 3 months. Helius Medical Techn exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Helius Medical's Risk Adjusted Performance of (0.02), standard deviation of 9.07, and Market Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 3.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Helius Medical will likely underperform. At this point, Helius Medical Techn has a negative expected return of -0.28%. Please make sure to check out Helius Medical's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Helius Medical Techn performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Helius Medical Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Helius Medical 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 Helius Medical Techn price movement. The serial correlation of -0.71 indicates that around 71.0% of current Helius Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Helius Medical Techn lagged returns against current returns
Autocorrelation, which is Helius 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 Helius Medical's stock expected returns. We can calculate the autocorrelation of Helius Medical returns to help us make a trade decision. For example, suppose you find that Helius 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 |
Helius 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 Helius Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helius Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helius Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Helius Medical Lagged Returns
When evaluating Helius Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helius Medical stock have on its future price. Helius 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, Helius Medical autocorrelation shows the relationship between Helius Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Helius Medical Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Helius Stock Analysis
When running Helius Medical's price analysis, check to measure Helius Medical's 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 Helius Medical is operating at the current time. Most of Helius Medical's value examination focuses on studying past and present price action to predict the probability of Helius Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helius Medical's price. Additionally, you may evaluate how the addition of Helius Medical to your portfolios can decrease your overall portfolio volatility.