Mercator Medical (Poland) Market Value
| MRC Stock | 47.35 0.75 1.56% |
| Symbol | Mercator |
Mercator 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 Mercator 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 Mercator Medical.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mercator Medical on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mercator Medical SA or generate 0.0% return on investment in Mercator Medical over 30 days. Mercator Medical is related to or competes with Centrum Finansowe, Biztech Konsulting, Bank Millennium, BNP Paribas, and Cloud Technologies. More
Mercator 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 Mercator 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 Mercator Medical SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 18.2 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.17 |
Mercator Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercator Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercator Medical's standard deviation. In reality, there are many statistical measures that can use Mercator Medical historical prices to predict the future Mercator Medical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 2.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mercator 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.
Mercator Medical Backtested Returns
Mercator Medical has Sharpe Ratio of -0.0921, which conveys that the firm had a -0.0921% return per unit of risk over the last 3 months. Mercator Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercator Medical's Standard Deviation of 2.88, risk adjusted performance of (0.06), and Mean Deviation of 2.04 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mercator Medical are expected to decrease at a much lower rate. During the bear market, Mercator Medical is likely to outperform the market. At this point, Mercator Medical has a negative expected return of -0.27%. Please make sure to verify Mercator Medical's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Mercator Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Mercator Medical SA has below average predictability. Overlapping area represents the amount of predictability between Mercator Medical time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Mercator Medical price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Mercator Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 5.81 |
Mercator Medical lagged returns against current returns
Autocorrelation, which is Mercator 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 Mercator Medical's stock expected returns. We can calculate the autocorrelation of Mercator Medical returns to help us make a trade decision. For example, suppose you find that Mercator 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 |
Mercator 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 Mercator Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercator Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercator Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Mercator Medical Lagged Returns
When evaluating Mercator Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercator Medical stock have on its future price. Mercator 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, Mercator Medical autocorrelation shows the relationship between Mercator Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Mercator Medical SA.
Regressed Prices |
| Timeline |
Pair Trading with Mercator Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mercator Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mercator Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Mercator Stock
The ability to find closely correlated positions to Mercator Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mercator Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mercator Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mercator Medical SA to buy it.
The correlation of Mercator Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mercator Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mercator Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mercator Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Mercator Stock Analysis
When running Mercator Medical's price analysis, check to measure Mercator 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 Mercator Medical is operating at the current time. Most of Mercator Medical's value examination focuses on studying past and present price action to predict the probability of Mercator 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 Mercator Medical's price. Additionally, you may evaluate how the addition of Mercator Medical to your portfolios can decrease your overall portfolio volatility.