Medx Health Corp Stock Market Value
| MDXHF Stock | USD 0.0008 0.00 0.00% |
| Symbol | MedX |
MedX Health '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 MedX Health'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 MedX Health.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in MedX Health on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding MedX Health Corp or generate 0.0% return on investment in MedX Health over 150 days. MedX Health is related to or competes with Ainos, Cellink AB, Bone Biologics, BICO Group, Brain Scientific, and Tenon Medical. MedX Health Corp, a medical device and software company, develops, manufactures, and markets skin related screening tool... More
MedX Health 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 MedX Health'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 MedX Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 98.0 |
MedX Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MedX Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MedX Health's standard deviation. In reality, there are many statistical measures that can use MedX Health historical prices to predict the future MedX Health's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.38) | |||
| Total Risk Alpha | (2.79) | |||
| Treynor Ratio | 1.17 |
MedX Health Corp Backtested Returns
MedX Health Corp has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of risk over the last 3 months. MedX Health exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MedX Health's Mean Deviation of 2.92, standard deviation of 12.06, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.28, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MedX Health are expected to decrease by larger amounts. On the other hand, during market turmoil, MedX Health is expected to outperform it. At this point, MedX Health Corp has a negative expected return of -1.56%. Please make sure to verify MedX Health's mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if MedX Health Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
MedX Health Corp has no correlation between past and present. Overlapping area represents the amount of predictability between MedX Health time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 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 MedX Health Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current MedX Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MedX Health Corp lagged returns against current returns
Autocorrelation, which is MedX Health 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 MedX Health's pink sheet expected returns. We can calculate the autocorrelation of MedX Health returns to help us make a trade decision. For example, suppose you find that MedX Health 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 |
MedX Health 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 MedX Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MedX Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MedX Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MedX Health Lagged Returns
When evaluating MedX Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MedX Health pink sheet have on its future price. MedX Health 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, MedX Health autocorrelation shows the relationship between MedX Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MedX Health Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MedX Pink Sheet
MedX Health financial ratios help investors to determine whether MedX 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 MedX with respect to the benefits of owning MedX Health security.