Movano Inc Stock Market Value
| MOVE Stock | USD 5.63 0.11 1.92% |
| Symbol | Movano |
Movano Inc Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 Movano. If investors know Movano 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 Movano listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Movano Inc is measured differently than its book value, which is the value of Movano that is recorded on the company's balance sheet. Investors also form their own opinion of Movano's value that differs from its market value or its book value, called intrinsic value, which is Movano'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 Movano's market value can be influenced by many factors that don't directly affect Movano'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 Movano's value and its price as these two are different measures arrived at by different means. Investors typically determine if Movano is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Movano'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.
Movano '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 Movano'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 Movano.
| 10/20/2024 |
| 01/18/2025 |
If you would invest 0.00 in Movano on October 20, 2024 and sell it all today you would earn a total of 0.00 from holding Movano Inc or generate 0.0% return on investment in Movano over 90 days. Movano is related to or competes with SANUWAVE Health, LENSAR, Neuropace, LivaNova PLC, Electromed, Orthopediatrics Corp, and SurModics. Movano Inc. engages in developing a platform to deliver healthcare solutions at the intersection of medtech and consumer... More
Movano 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 Movano'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 Movano Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.42 | |||
| Information Ratio | 0.0635 | |||
| Maximum Drawdown | 61.96 | |||
| Value At Risk | (9.04) | |||
| Potential Upside | 11.06 |
Movano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Movano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Movano's standard deviation. In reality, there are many statistical measures that can use Movano historical prices to predict the future Movano's volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.5472 | |||
| Total Risk Alpha | 0.5787 | |||
| Sortino Ratio | 0.0852 | |||
| Treynor Ratio | 0.4403 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Movano'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.
Movano Inc Backtested Returns
Movano appears to be moderately volatile, given 3 months investment horizon. Movano Inc has Sharpe Ratio of 0.0681, which conveys that the firm had a 0.0681% return per unit of risk over the last 3 months. By analyzing Movano's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Movano's Downside Deviation of 6.42, risk adjusted performance of 0.0628, and Mean Deviation of 4.98 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Movano holds a performance score of 5. The company secures a Beta (Market Risk) of 1.23, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Movano will likely underperform. Please check Movano's downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Movano's current price movements will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Movano Inc has virtually no predictability. Overlapping area represents the amount of predictability between Movano time series from 20th of October 2024 to 4th of December 2024 and 4th of December 2024 to 18th of January 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 Movano Inc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Movano price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Movano Inc lagged returns against current returns
Autocorrelation, which is Movano 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 Movano's stock expected returns. We can calculate the autocorrelation of Movano returns to help us make a trade decision. For example, suppose you find that Movano 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 |
Movano 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 Movano stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Movano stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Movano stock over time.
Current vs Lagged Prices |
| Timeline |
Movano Lagged Returns
When evaluating Movano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Movano stock have on its future price. Movano 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, Movano autocorrelation shows the relationship between Movano stock current value and its past values and can show if there is a momentum factor associated with investing in Movano Inc.
Regressed Prices |
| Timeline |
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Check out Movano Correlation, Movano Volatility and Movano Alpha and Beta module to complement your research on Movano. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Movano 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.