Japan Medical (Germany) Market Value
| JMD Stock | EUR 3.66 0.06 1.61% |
| Symbol | Japan |
Japan 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 Japan 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 Japan Medical.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Japan Medical on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Japan Medical Dynamic or generate 0.0% return on investment in Japan Medical over 90 days. Japan Medical is related to or competes with COSTCO WHOLESALE, ONWARD MEDICAL, FAST RETAIL, SPARTAN STORES, and MEDICAL FACILITIES. Japan Medical Dynamic Marketing, INC. develops, manufactures, imports, and sells medical devices in Japan and internatio... More
Japan 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 Japan 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 Japan Medical Dynamic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.13 |
Japan Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Medical's standard deviation. In reality, there are many statistical measures that can use Japan Medical historical prices to predict the future Japan Medical's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (2.11) |
Japan Medical Dynamic Backtested Returns
Japan Medical Dynamic holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26% return per unit of risk over the last 3 months. Japan Medical Dynamic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Japan Medical's Standard Deviation of 1.46, risk adjusted performance of (0.19), and Market Risk Adjusted Performance of (2.10) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Japan Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Japan Medical is expected to be smaller as well. At this point, Japan Medical Dynamic has a negative expected return of -0.37%. Please make sure to check out Japan Medical's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Japan Medical Dynamic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Japan Medical Dynamic has good predictability. Overlapping area represents the amount of predictability between Japan Medical time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Japan Medical Dynamic price movement. The serial correlation of 0.71 indicates that around 71.0% of current Japan Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Japan Medical Dynamic lagged returns against current returns
Autocorrelation, which is Japan 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 Japan Medical's stock expected returns. We can calculate the autocorrelation of Japan Medical returns to help us make a trade decision. For example, suppose you find that Japan 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 |
Japan 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 Japan Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Japan Medical Lagged Returns
When evaluating Japan Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Medical stock have on its future price. Japan 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, Japan Medical autocorrelation shows the relationship between Japan Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Japan Medical Dynamic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Japan Stock
Japan Medical financial ratios help investors to determine whether Japan 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 Japan with respect to the benefits of owning Japan Medical security.