Medpace Holdings Stock Market Value
| MEDP Stock | USD 337.35 0.53 0.16% |
| Symbol | Medpace |
Medpace Holdings Price To Book Ratio
Is Life Sciences Tools & Services 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 Medpace Holdings. If investors know Medpace 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 Medpace Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.356 | Earnings Share 11.44 | Revenue Per Share | Quarterly Revenue Growth 0.083 | Return On Assets |
The market value of Medpace Holdings is measured differently than its book value, which is the value of Medpace that is recorded on the company's balance sheet. Investors also form their own opinion of Medpace Holdings' value that differs from its market value or its book value, called intrinsic value, which is Medpace Holdings' 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 Medpace Holdings' market value can be influenced by many factors that don't directly affect Medpace Holdings' 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 Medpace Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Medpace Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medpace Holdings' 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.
Medpace 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 Medpace 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 Medpace Holdings.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Medpace Holdings on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Medpace Holdings or generate 0.0% return on investment in Medpace Holdings over 30 days. Medpace Holdings is related to or competes with IQVIA Holdings, Neogen, ICON PLC, Qiagen NV, Waters, IDEXX Laboratories, and Charles River. Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, E... More
Medpace 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 Medpace 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 Medpace Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.64 | |||
| Value At Risk | (5.99) | |||
| Potential Upside | 3.53 |
Medpace Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medpace Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medpace Holdings' standard deviation. In reality, there are many statistical measures that can use Medpace Holdings historical prices to predict the future Medpace Holdings' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medpace Holdings' 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.
Medpace Holdings Backtested Returns
Medpace Holdings has Sharpe Ratio of -0.0138, which conveys that the firm had a -0.0138% return per unit of risk over the last 3 months. Medpace Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medpace Holdings' insignificant Risk Adjusted Performance, standard deviation of 2.66, and Mean Deviation of 1.73 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Medpace Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Medpace Holdings is expected to be smaller as well. At this point, Medpace Holdings has a negative expected return of -0.0369%. Please make sure to verify Medpace Holdings' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Medpace Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Medpace Holdings has very good predictability. Overlapping area represents the amount of predictability between Medpace Holdings time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Medpace Holdings price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Medpace Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 58.05 |
Medpace Holdings lagged returns against current returns
Autocorrelation, which is Medpace 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 Medpace Holdings' stock expected returns. We can calculate the autocorrelation of Medpace Holdings returns to help us make a trade decision. For example, suppose you find that Medpace 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 |
Medpace 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 Medpace Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medpace Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medpace Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Medpace Holdings Lagged Returns
When evaluating Medpace Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medpace Holdings stock have on its future price. Medpace 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, Medpace Holdings autocorrelation shows the relationship between Medpace Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Medpace Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Medpace Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medpace Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medpace Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Medpace Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medpace Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medpace Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medpace Holdings to buy it.
The correlation of Medpace Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medpace Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medpace Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medpace Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Medpace Stock Analysis
When running Medpace Holdings' price analysis, check to measure Medpace Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medpace Holdings is operating at the current time. Most of Medpace Holdings' value examination focuses on studying past and present price action to predict the probability of Medpace Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medpace Holdings' price. Additionally, you may evaluate how the addition of Medpace Holdings to your portfolios can decrease your overall portfolio volatility.