SCANDMEDICAL SOLDK (Germany) Market Value
| K41 Stock | 0.81 0.02 2.41% |
| Symbol | SCANDMEDICAL |
SCANDMEDICAL SOLDK '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 SCANDMEDICAL SOLDK'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 SCANDMEDICAL SOLDK.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in SCANDMEDICAL SOLDK on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding SCANDMEDICAL SOLDK 040 or generate 0.0% return on investment in SCANDMEDICAL SOLDK over 570 days. SCANDMEDICAL SOLDK is related to or competes with Abbott Laboratories, Medtronic PLC, Stryker, Boston Scientific, Edwards Lifesciences, and Align Technology. More
SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK'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 SCANDMEDICAL SOLDK 040 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 17.99 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 5.41 |
SCANDMEDICAL SOLDK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCANDMEDICAL SOLDK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCANDMEDICAL SOLDK's standard deviation. In reality, there are many statistical measures that can use SCANDMEDICAL SOLDK historical prices to predict the future SCANDMEDICAL SOLDK's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.1372 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0098 | |||
| Treynor Ratio | 1.15 |
SCANDMEDICAL SOLDK 040 Backtested Returns
SCANDMEDICAL SOLDK 040 retains Efficiency (Sharpe Ratio) of -0.0361, which indicates the company had a -0.0361% return per unit of risk over the last 3 months. SCANDMEDICAL SOLDK exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCANDMEDICAL SOLDK's Semi Deviation of 2.43, standard deviation of 3.2, and Market Risk Adjusted Performance of 1.16 to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCANDMEDICAL SOLDK's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCANDMEDICAL SOLDK is expected to be smaller as well. At this point, SCANDMEDICAL SOLDK 040 has a negative expected return of -0.11%. Please make sure to validate SCANDMEDICAL SOLDK's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if SCANDMEDICAL SOLDK 040 performance from the past will be repeated in the future.
Auto-correlation | 0.62 |
Good predictability
SCANDMEDICAL SOLDK 040 has good predictability. Overlapping area represents the amount of predictability between SCANDMEDICAL SOLDK time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 SCANDMEDICAL SOLDK 040 price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current SCANDMEDICAL SOLDK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SCANDMEDICAL SOLDK 040 lagged returns against current returns
Autocorrelation, which is SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK's stock expected returns. We can calculate the autocorrelation of SCANDMEDICAL SOLDK returns to help us make a trade decision. For example, suppose you find that SCANDMEDICAL SOLDK 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 |
SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCANDMEDICAL SOLDK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCANDMEDICAL SOLDK stock over time.
Current vs Lagged Prices |
| Timeline |
SCANDMEDICAL SOLDK Lagged Returns
When evaluating SCANDMEDICAL SOLDK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCANDMEDICAL SOLDK stock have on its future price. SCANDMEDICAL SOLDK 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, SCANDMEDICAL SOLDK autocorrelation shows the relationship between SCANDMEDICAL SOLDK stock current value and its past values and can show if there is a momentum factor associated with investing in SCANDMEDICAL SOLDK 040.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in SCANDMEDICAL Stock
SCANDMEDICAL SOLDK financial ratios help investors to determine whether SCANDMEDICAL 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 SCANDMEDICAL with respect to the benefits of owning SCANDMEDICAL SOLDK security.