Merit Medical (Germany) Market Value
| MM3 Stock | 97.50 0.50 0.51% |
| Symbol | Merit |
Merit Medical '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 Merit Medical'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 Merit Medical.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Merit Medical on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Merit Medical Systems or generate 0.0% return on investment in Merit Medical over 30 days. Merit Medical is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Merit Medical 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 Merit Medical'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 Merit Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0811 | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.91 |
Merit Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merit Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merit Medical's standard deviation. In reality, there are many statistical measures that can use Merit Medical historical prices to predict the future Merit Medical's volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 0.141 | |||
| Total Risk Alpha | 0.0038 | |||
| Sortino Ratio | 0.1013 | |||
| Treynor Ratio | 0.2849 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Merit Medical's 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.
Merit Medical Systems Backtested Returns
Merit Medical appears to be very steady, given 3 months investment horizon. Merit Medical Systems has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Merit Medical, which you can use to evaluate the volatility of the firm. Please exercise Merit Medical's Mean Deviation of 1.1, downside deviation of 1.22, and Risk Adjusted Performance of 0.1323 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Merit Medical holds a performance score of 11. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Merit Medical returns are very sensitive to returns on the market. As the market goes up or down, Merit Medical is expected to follow. Please check Merit Medical's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Merit Medical's current price movements will revert.
Auto-correlation | 0.53 |
Modest predictability
Merit Medical Systems has modest predictability. Overlapping area represents the amount of predictability between Merit Medical time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Merit Medical Systems price movement. The serial correlation of 0.53 indicates that about 53.0% of current Merit Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 4.09 |
Merit Medical Systems lagged returns against current returns
Autocorrelation, which is Merit Medical 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 Merit Medical's stock expected returns. We can calculate the autocorrelation of Merit Medical returns to help us make a trade decision. For example, suppose you find that Merit Medical 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 |
Merit Medical 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 Merit Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merit Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merit Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Merit Medical Lagged Returns
When evaluating Merit Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merit Medical stock have on its future price. Merit Medical 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, Merit Medical autocorrelation shows the relationship between Merit Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Merit Medical Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Merit Stock Analysis
When running Merit Medical's price analysis, check to measure Merit Medical'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 Merit Medical is operating at the current time. Most of Merit Medical's value examination focuses on studying past and present price action to predict the probability of Merit Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merit Medical's price. Additionally, you may evaluate how the addition of Merit Medical to your portfolios can decrease your overall portfolio volatility.