Medhelp Care (Sweden) Market Value
| MEDHLP Stock | 2.98 0.02 0.68% |
| Symbol | Medhelp |
Medhelp Care '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 Medhelp Care'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 Medhelp Care.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Medhelp Care on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Medhelp Care AB or generate 0.0% return on investment in Medhelp Care over 180 days. Medhelp Care is related to or competes with AVTECH Sweden, K2A Knaust, Dlaboratory Sweden, EEducation Albert, and Footway Group. More
Medhelp Care 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 Medhelp Care'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 Medhelp Care AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 16.39 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 5.71 |
Medhelp Care Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medhelp Care's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medhelp Care's standard deviation. In reality, there are many statistical measures that can use Medhelp Care historical prices to predict the future Medhelp Care's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.2788 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0144 | |||
| Treynor Ratio | (0.20) |
Medhelp Care AB Backtested Returns
Medhelp Care appears to be risky, given 3 months investment horizon. Medhelp Care AB has Sharpe Ratio of 0.0772, which conveys that the firm had a 0.0772% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Medhelp Care, which you can use to evaluate the volatility of the firm. Please exercise Medhelp Care's Risk Adjusted Performance of 0.0542, mean deviation of 2.21, and Downside Deviation of 3.04 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Medhelp Care holds a performance score of 6. The company secures a Beta (Market Risk) of -0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Medhelp Care are expected to decrease at a much lower rate. During the bear market, Medhelp Care is likely to outperform the market. Please check Medhelp Care's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Medhelp Care's current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Medhelp Care AB has poor reverse predictability. Overlapping area represents the amount of predictability between Medhelp Care time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Medhelp Care AB price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Medhelp Care price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Medhelp Care AB lagged returns against current returns
Autocorrelation, which is Medhelp Care 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 Medhelp Care's stock expected returns. We can calculate the autocorrelation of Medhelp Care returns to help us make a trade decision. For example, suppose you find that Medhelp Care 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 |
Medhelp Care 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 Medhelp Care stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medhelp Care stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medhelp Care stock over time.
Current vs Lagged Prices |
| Timeline |
Medhelp Care Lagged Returns
When evaluating Medhelp Care's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medhelp Care stock have on its future price. Medhelp Care 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, Medhelp Care autocorrelation shows the relationship between Medhelp Care stock current value and its past values and can show if there is a momentum factor associated with investing in Medhelp Care AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Medhelp Stock
Medhelp Care financial ratios help investors to determine whether Medhelp 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 Medhelp with respect to the benefits of owning Medhelp Care security.