Modern Mobility Aids Stock Market Value
| MDRM Stock | USD 0.01 0.01 200.00% |
| Symbol | Modern |
Modern Mobility '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 Modern Mobility's 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 Modern Mobility.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Modern Mobility on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Modern Mobility Aids or generate 0.0% return on investment in Modern Mobility over 180 days. Modern Mobility is related to or competes with Scworx Corp, National Research, EUDA Health, Aclarion, Healthcare Triangle, Mangoceuticals, Common, and HealthStream. Galileo Life Sciences, Inc. operates in the telehealth and telemedicine industry More
Modern Mobility 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 Modern Mobility's 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 Modern Mobility Aids upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.59 | |||
| Information Ratio | 0.1498 | |||
| Maximum Drawdown | 266.67 | |||
| Value At Risk | (53.33) | |||
| Potential Upside | 66.67 |
Modern Mobility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modern Mobility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modern Mobility's standard deviation. In reality, there are many statistical measures that can use Modern Mobility historical prices to predict the future Modern Mobility's volatility.| Risk Adjusted Performance | 0.1266 | |||
| Jensen Alpha | 7.58 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1255 | |||
| Treynor Ratio | (0.79) |
Modern Mobility Aids Backtested Returns
Modern Mobility is out of control given 3 months investment horizon. Modern Mobility Aids has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.52% are justified by taking the suggested risk. Use Modern Mobility Aids Mean Deviation of 21.47, downside deviation of 51.59, and Risk Adjusted Performance of 0.1266 to evaluate company specific risk that cannot be diversified away. Modern Mobility holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -8.29, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Modern Mobility are expected to decrease by larger amounts. On the other hand, during market turmoil, Modern Mobility is expected to outperform it. Use Modern Mobility Aids jensen alpha and the relationship between the value at risk and day median price , to analyze future returns on Modern Mobility Aids.
Auto-correlation | -0.06 |
Very weak reverse predictability
Modern Mobility Aids has very weak reverse predictability. Overlapping area represents the amount of predictability between Modern Mobility time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Modern Mobility Aids price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Modern Mobility price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Modern Mobility Aids lagged returns against current returns
Autocorrelation, which is Modern Mobility 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 Modern Mobility's pink sheet expected returns. We can calculate the autocorrelation of Modern Mobility returns to help us make a trade decision. For example, suppose you find that Modern Mobility 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 |
Modern Mobility 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 Modern Mobility pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modern Mobility pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modern Mobility pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Modern Mobility Lagged Returns
When evaluating Modern Mobility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modern Mobility pink sheet have on its future price. Modern Mobility 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, Modern Mobility autocorrelation shows the relationship between Modern Mobility pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Modern Mobility Aids.
Regressed Prices |
| Timeline |
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Modern Mobility financial ratios help investors to determine whether Modern 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 Modern with respect to the benefits of owning Modern Mobility security.