MeVis Medical (Germany) Market Value
| M3V Stock | 24.00 0.40 1.64% |
| Symbol | MeVis |
MeVis 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 MeVis 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 MeVis Medical.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in MeVis Medical on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding MeVis Medical Solutions or generate 0.0% return on investment in MeVis Medical over 510 days. MeVis Medical is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
MeVis 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 MeVis 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 MeVis Medical Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.72 |
MeVis Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MeVis Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MeVis Medical's standard deviation. In reality, there are many statistical measures that can use MeVis Medical historical prices to predict the future MeVis Medical's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MeVis 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.
MeVis Medical Solutions Backtested Returns
MeVis Medical Solutions has Sharpe Ratio of -0.0186, which conveys that the firm had a -0.0186% return per unit of standard deviation over the last 3 months. MeVis Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MeVis Medical's insignificant Risk Adjusted Performance, market risk adjusted performance of (0.07), and Mean Deviation of 0.6049 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MeVis Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding MeVis Medical is expected to be smaller as well. At this point, MeVis Medical Solutions has a negative expected return of -0.02%. Please make sure to verify MeVis Medical's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if MeVis Medical Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
MeVis Medical Solutions has modest predictability. Overlapping area represents the amount of predictability between MeVis Medical time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 MeVis Medical Solutions price movement. The serial correlation of 0.52 indicates that about 52.0% of current MeVis Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
MeVis Medical Solutions lagged returns against current returns
Autocorrelation, which is MeVis 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 MeVis Medical's stock expected returns. We can calculate the autocorrelation of MeVis Medical returns to help us make a trade decision. For example, suppose you find that MeVis 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 |
MeVis 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 MeVis Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MeVis Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MeVis Medical stock over time.
Current vs Lagged Prices |
| Timeline |
MeVis Medical Lagged Returns
When evaluating MeVis Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MeVis Medical stock have on its future price. MeVis 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, MeVis Medical autocorrelation shows the relationship between MeVis Medical stock current value and its past values and can show if there is a momentum factor associated with investing in MeVis Medical Solutions.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MeVis Stock Analysis
When running MeVis Medical's price analysis, check to measure MeVis 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 MeVis Medical is operating at the current time. Most of MeVis Medical's value examination focuses on studying past and present price action to predict the probability of MeVis 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 MeVis Medical's price. Additionally, you may evaluate how the addition of MeVis Medical to your portfolios can decrease your overall portfolio volatility.