Medco Holdings (Philippines) Market Value
| MED Stock | 0.12 0.00 0.00% |
| Symbol | Medco |
Medco Holdings '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 Medco Holdings' 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 Medco Holdings.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Medco Holdings on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Medco Holdings or generate 0.0% return on investment in Medco Holdings over 180 days. Medco Holdings is related to or competes with Bright Kindle, Allhome Corp, Altus Property, Monde Nissin, Benguet Corp, and AgriNurture. More
Medco Holdings 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 Medco Holdings' 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 Medco Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 39.29 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Medco Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medco Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medco Holdings' standard deviation. In reality, there are many statistical measures that can use Medco Holdings historical prices to predict the future Medco Holdings' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | (0.50) |
Medco Holdings Backtested Returns
Medco Holdings has Sharpe Ratio of -0.0038, which conveys that the firm had a -0.0038% return per unit of risk over the last 3 months. Medco Holdings exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medco Holdings' Standard Deviation of 6.99, risk adjusted performance of (0.02), and Mean Deviation of 4.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Medco Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Medco Holdings is expected to be smaller as well. At this point, Medco Holdings has a negative expected return of -0.0274%. Please make sure to verify Medco Holdings' variance and the relationship between the total risk alpha and day median price , to decide if Medco Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Medco Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Medco Holdings time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Medco Holdings price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Medco Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medco Holdings lagged returns against current returns
Autocorrelation, which is Medco Holdings 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 Medco Holdings' stock expected returns. We can calculate the autocorrelation of Medco Holdings returns to help us make a trade decision. For example, suppose you find that Medco Holdings 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 |
Medco Holdings 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 Medco Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medco Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medco Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Medco Holdings Lagged Returns
When evaluating Medco Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medco Holdings stock have on its future price. Medco Holdings 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, Medco Holdings autocorrelation shows the relationship between Medco Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Medco Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Medco Stock
Medco Holdings financial ratios help investors to determine whether Medco Stock 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 Medco with respect to the benefits of owning Medco Holdings security.