Medical Packaging's market value is the price at which a share of Medical Packaging trades on a public exchange. It measures the collective expectations of Medical Packaging investors about its performance. Medical Packaging is trading at 1.24 as of the 11th of December 2024. This is a 1.59% down since the beginning of the trading day. The stock's lowest day price was 1.23. With this module, you can estimate the performance of a buy and hold strategy of Medical Packaging and determine expected loss or profit from investing in Medical Packaging over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Medical
Medical Packaging '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 Medical Packaging'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 Medical Packaging.
0.00
11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in Medical Packaging on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Medical Packaging or generate 0.0% return on investment in Medical Packaging over 30 days.
Medical Packaging 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 Medical Packaging'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 Medical Packaging upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Packaging's standard deviation. In reality, there are many statistical measures that can use Medical Packaging historical prices to predict the future Medical Packaging's volatility.
Medical Packaging has Sharpe Ratio of -0.045, which conveys that the firm had a -0.045% return per unit of risk over the last 3 months. Medical Packaging exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medical Packaging's Mean Deviation of 1.66, risk adjusted performance of (0.02), and Standard Deviation of 2.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.094, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medical Packaging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medical Packaging is expected to be smaller as well. At this point, Medical Packaging has a negative expected return of -0.11%. Please make sure to verify Medical Packaging's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Medical Packaging performance from the past will be repeated at some point in the near future.
Auto-correlation
0.37
Below average predictability
Medical Packaging has below average predictability. Overlapping area represents the amount of predictability between Medical Packaging time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Medical Packaging price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Medical Packaging price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
-0.19
Residual Average
0.0
Price Variance
0.0
Medical Packaging lagged returns against current returns
Autocorrelation, which is Medical Packaging 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 Medical Packaging's stock expected returns. We can calculate the autocorrelation of Medical Packaging returns to help us make a trade decision. For example, suppose you find that Medical Packaging 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
Medical Packaging 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 Medical Packaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical Packaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medical Packaging stock over time.
Current vs Lagged Prices
Timeline
Medical Packaging Lagged Returns
When evaluating Medical Packaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Packaging stock have on its future price. Medical Packaging 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, Medical Packaging autocorrelation shows the relationship between Medical Packaging stock current value and its past values and can show if there is a momentum factor associated with investing in Medical Packaging.
Regressed Prices
Timeline
Also Currently Popular
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.