Medplus Health (India) Market Value
| MEDPLUS Stock | 750.35 3.50 0.47% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Medplus Health on October 27, 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 30 days. Medplus Health is related to or competes with Sarveshwar Foods, Mangalore Chemicals, Sapphire Foods, Credo Brands, Praxis Home, Privi Speciality, and Tata Chemicals. 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 | 1.51 | |||
| Information Ratio | 0.0794 | |||
| Maximum Drawdown | 8.12 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.75 |
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 | 0.1257 | |||
| Jensen Alpha | 0.2889 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0866 | |||
| Treynor Ratio | (0.75) |
Medplus Health Services Backtested Returns
Medplus Health appears to be very steady, given 3 months investment horizon. Medplus Health Services has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Medplus Health, which you can use to evaluate the volatility of the firm. Please exercise Medplus Health's Mean Deviation of 1.27, risk adjusted performance of 0.1257, and Downside Deviation of 1.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Medplus Health holds a performance score of 11. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Medplus Health are expected to decrease at a much lower rate. During the bear market, Medplus Health is likely to outperform the market. Please check Medplus Health's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Medplus Health's current price movements will revert.
Auto-correlation | 0.78 |
Good predictability
Medplus Health Services has good predictability. Overlapping area represents the amount of predictability between Medplus Health time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Medplus Health Services price movement. The serial correlation of 0.78 indicates that around 78.0% of current Medplus Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 787.56 |
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 |
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.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.