Mdxhealth Sa Adr Stock Market Value
| MDXH Stock | USD 1.91 0.01 0.52% |
| Symbol | MDxHealth |
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MDxHealth. If investors know MDxHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MDxHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MDxHealth SA ADR is measured differently than its book value, which is the value of MDxHealth that is recorded on the company's balance sheet. Investors also form their own opinion of MDxHealth's value that differs from its market value or its book value, called intrinsic value, which is MDxHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MDxHealth's market value can be influenced by many factors that don't directly affect MDxHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MDxHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if MDxHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MDxHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MDxHealth '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 MDxHealth'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 MDxHealth.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in MDxHealth on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding MDxHealth SA ADR or generate 0.0% return on investment in MDxHealth over 30 days. MDxHealth is related to or competes with Inozyme Pharma, Day One, Acumen Pharmaceuticals, Eledon Pharmaceuticals, and Elevation Oncology. MDxHealth SA, a commercial-stage precision diagnostics company, provides urologic solutions in the United States, the Ne... More
MDxHealth 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 MDxHealth'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 MDxHealth SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.8 | |||
| Value At Risk | (6.29) | |||
| Potential Upside | 5.56 |
MDxHealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MDxHealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MDxHealth's standard deviation. In reality, there are many statistical measures that can use MDxHealth historical prices to predict the future MDxHealth's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MDxHealth'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.
MDxHealth SA ADR Backtested Returns
MDxHealth SA ADR has Sharpe Ratio of -0.0115, which conveys that the firm had a -0.0115 % return per unit of risk over the last 3 months. MDxHealth exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MDxHealth's insignificant Risk Adjusted Performance, mean deviation of 2.63, and Standard Deviation of 3.66 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.12, which conveys a somewhat significant risk relative to the market. MDxHealth returns are very sensitive to returns on the market. As the market goes up or down, MDxHealth is expected to follow. At this point, MDxHealth SA ADR has a negative expected return of -0.0421%. Please make sure to verify MDxHealth's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if MDxHealth SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
MDxHealth SA ADR has very good predictability. Overlapping area represents the amount of predictability between MDxHealth 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 MDxHealth SA ADR price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current MDxHealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MDxHealth SA ADR lagged returns against current returns
Autocorrelation, which is MDxHealth 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 MDxHealth's stock expected returns. We can calculate the autocorrelation of MDxHealth returns to help us make a trade decision. For example, suppose you find that MDxHealth 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 |
MDxHealth 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 MDxHealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MDxHealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MDxHealth stock over time.
Current vs Lagged Prices |
| Timeline |
MDxHealth Lagged Returns
When evaluating MDxHealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MDxHealth stock have on its future price. MDxHealth 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, MDxHealth autocorrelation shows the relationship between MDxHealth stock current value and its past values and can show if there is a momentum factor associated with investing in MDxHealth SA ADR.
Regressed Prices |
| Timeline |
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Check out MDxHealth Correlation, MDxHealth Volatility and MDxHealth Alpha and Beta module to complement your research on MDxHealth. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
MDxHealth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.