Medplus Health (India) Market Value
| MEDPLUS Stock | 723.35 9.10 1.24% |
| Symbol | Medplus |
Medplus 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 Medplus Health'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 Medplus Health.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Medplus Health on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Medplus Health Services or generate 0.0% return on investment in Medplus Health over 180 days. Medplus Health is related to or competes with Healthcare Global, Zydus Wellness, Procter Gamble, Zuari Agro, Privi Speciality, Max Healthcare, and Fertilizers. Medplus Health is entity of India. It is traded as Stock on NSE exchange. More
Medplus 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 Medplus Health'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 Medplus Health Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0405 | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 4.06 |
Medplus Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medplus Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medplus Health's standard deviation. In reality, there are many statistical measures that can use Medplus Health historical prices to predict the future Medplus Health's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.1542 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | 0.8386 |
Medplus Health Services Backtested Returns
Currently, Medplus Health Services is very steady. Medplus Health Services has Sharpe Ratio of 0.0705, which conveys that the firm had a 0.0705 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Medplus Health, which you can use to evaluate the volatility of the firm. Please verify Medplus Health's Risk Adjusted Performance of 0.0804, downside deviation of 2.02, and Mean Deviation of 1.53 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Medplus Health has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medplus Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medplus Health is expected to be smaller as well. Medplus Health Services right now secures a risk of 2.03%. Please verify Medplus Health Services value at risk, and the relationship between the jensen alpha and skewness , to decide if Medplus Health Services will be following its current price movements.
Auto-correlation | 0.58 |
Modest predictability
Medplus Health Services has modest predictability. Overlapping area represents the amount of predictability between Medplus Health time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 Medplus Health Services price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Medplus Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4127.53 |
Medplus Health Services lagged returns against current returns
Autocorrelation, which is Medplus Health 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 Medplus Health's stock expected returns. We can calculate the autocorrelation of Medplus Health returns to help us make a trade decision. For example, suppose you find that Medplus Health 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 |
Medplus 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 Medplus Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medplus Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medplus Health stock over time.
Current vs Lagged Prices |
| Timeline |
Medplus Health Lagged Returns
When evaluating Medplus Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medplus Health stock have on its future price. Medplus 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, Medplus Health autocorrelation shows the relationship between Medplus Health stock current value and its past values and can show if there is a momentum factor associated with investing in Medplus Health Services.
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.Additional Tools for Medplus Stock Analysis
When running Medplus Health's price analysis, check to measure Medplus Health's 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 Medplus Health is operating at the current time. Most of Medplus Health's value examination focuses on studying past and present price action to predict the probability of Medplus Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medplus Health's price. Additionally, you may evaluate how the addition of Medplus Health to your portfolios can decrease your overall portfolio volatility.