Modular Medical Stock Market Value
| MODD Stock | USD 1.63 0.03 1.87% |
| Symbol | Modular |
Modular Medical Price To Book Ratio
Is Health Care Equipment & Supplies 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 Modular Medical. If investors know Modular 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 Modular Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Return On Assets (0.95) | Return On Equity (1.83) |
The market value of Modular Medical is measured differently than its book value, which is the value of Modular that is recorded on the company's balance sheet. Investors also form their own opinion of Modular Medical's value that differs from its market value or its book value, called intrinsic value, which is Modular Medical's 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 Modular Medical's market value can be influenced by many factors that don't directly affect Modular Medical's 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 Modular Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modular Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modular Medical's 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.
Modular 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 Modular 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 Modular Medical.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Modular Medical on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Modular Medical or generate 0.0% return on investment in Modular Medical over 60 days. Modular Medical is related to or competes with Neuropace, Nexalin Technology, STRATA Skin, IRIDEX, EnVVeno Medical, Tenon Medical, and Sight Sciences. Modular Medical, Inc., a development stage medical device company, focuses on the design, development, and commercializa... More
Modular 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 Modular 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 Modular Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.16 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 4.6 |
Modular Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modular Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modular Medical's standard deviation. In reality, there are many statistical measures that can use Modular Medical historical prices to predict the future Modular Medical's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.1788 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Modular 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.
Modular Medical Backtested Returns
Modular Medical has Sharpe Ratio of -0.0326, which conveys that the firm had a -0.0326% return per unit of risk over the last 3 months. Modular Medical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Modular Medical's Mean Deviation of 2.44, standard deviation of 3.62, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Modular Medical are expected to decrease at a much lower rate. During the bear market, Modular Medical is likely to outperform the market. At this point, Modular Medical has a negative expected return of -0.12%. Please make sure to verify Modular Medical's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Modular Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Modular Medical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Modular Medical time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Modular Medical price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Modular Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Modular Medical lagged returns against current returns
Autocorrelation, which is Modular 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 Modular Medical's stock expected returns. We can calculate the autocorrelation of Modular Medical returns to help us make a trade decision. For example, suppose you find that Modular 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 |
Modular 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 Modular Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modular Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modular Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Modular Medical Lagged Returns
When evaluating Modular Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modular Medical stock have on its future price. Modular 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, Modular Medical autocorrelation shows the relationship between Modular Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Modular Medical.
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.When determining whether Modular Medical is a strong investment it is important to analyze Modular Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modular Medical's future performance. For an informed investment choice regarding Modular Stock, refer to the following important reports:Check out Modular Medical Correlation, Modular Medical Volatility and Modular Medical Alpha and Beta module to complement your research on Modular Medical. For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Modular Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.