Medican Enterprises Stock Market Value
| MDCN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Medican |
Medican Enterprises '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 Medican Enterprises' pink sheet 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 Medican Enterprises.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Medican Enterprises on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Medican Enterprises or generate 0.0% return on investment in Medican Enterprises over 30 days. Medican Enterprises is related to or competes with Re Max, and Kennedy Wilson. Medican Enterprises, Inc., a bio-pharmaceutical company, focuses on pursuing business opportunities in the medical and r... More
Medican Enterprises 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 Medican Enterprises' pink sheet 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 Medican Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2087 | |||
| Maximum Drawdown | 1100.0 |
Medican Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medican Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medican Enterprises' standard deviation. In reality, there are many statistical measures that can use Medican Enterprises historical prices to predict the future Medican Enterprises' volatility.| Risk Adjusted Performance | 0.1854 | |||
| Jensen Alpha | 43.15 | |||
| Total Risk Alpha | 27.92 | |||
| Treynor Ratio | 1.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medican Enterprises' 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.
Medican Enterprises Backtested Returns
Medican Enterprises is out of control given 3 months investment horizon. Medican Enterprises has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21 % return per unit of risk over the last 3 months. We were able to break down eighteen different technical indicators, which can help you to evaluate if expected returns of 45.9% are justified by taking the suggested risk. Use Medican Enterprises Mean Deviation of 93.85, risk adjusted performance of 0.1854, and Standard Deviation of 219.53 to evaluate company specific risk that cannot be diversified away. Medican Enterprises holds a performance score of 16 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 39.96, which conveys 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, Medican Enterprises will likely underperform. Use Medican Enterprises information ratio, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Medican Enterprises.
Auto-correlation | 0.19 |
Very weak predictability
Medican Enterprises has very weak predictability. Overlapping area represents the amount of predictability between Medican Enterprises time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Medican Enterprises price movement. The serial correlation of 0.19 indicates that over 19.0% of current Medican Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medican Enterprises lagged returns against current returns
Autocorrelation, which is Medican Enterprises pink sheet'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 Medican Enterprises' pink sheet expected returns. We can calculate the autocorrelation of Medican Enterprises returns to help us make a trade decision. For example, suppose you find that Medican Enterprises has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Medican Enterprises 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 Medican Enterprises pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medican Enterprises pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medican Enterprises pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medican Enterprises Lagged Returns
When evaluating Medican Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medican Enterprises pink sheet have on its future price. Medican Enterprises 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, Medican Enterprises autocorrelation shows the relationship between Medican Enterprises pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medican Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with Medican Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medican Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medican Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with Medican Pink Sheet
Moving against Medican Pink Sheet
The ability to find closely correlated positions to Medican Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medican Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medican Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medican Enterprises to buy it.
The correlation of Medican Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medican Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medican Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medican Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Medican Pink Sheet
Medican Enterprises financial ratios help investors to determine whether Medican Pink Sheet 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 Medican with respect to the benefits of owning Medican Enterprises security.