Medivir AB (Sweden) Market Value
| MVIR Stock | 2.71 0.08 2.87% |
| Symbol | Medivir |
Medivir AB '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 Medivir AB'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 Medivir AB.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Medivir AB on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Medivir AB or generate 0.0% return on investment in Medivir AB over 30 days.
Medivir AB 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 Medivir AB'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 Medivir AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 29.19 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.96 |
Medivir AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medivir AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medivir AB's standard deviation. In reality, there are many statistical measures that can use Medivir AB historical prices to predict the future Medivir AB's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.2907 |
Medivir AB Backtested Returns
Medivir AB has Sharpe Ratio of -0.05, which conveys that the firm had a -0.05% return per unit of risk over the last 3 months. Medivir AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medivir AB's Mean Deviation of 2.19, risk adjusted performance of (0.04), and Standard Deviation of 3.65 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Medivir AB are expected to decrease at a much lower rate. During the bear market, Medivir AB is likely to outperform the market. At this point, Medivir AB has a negative expected return of -0.19%. Please make sure to verify Medivir AB's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Medivir AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Medivir AB has weak reverse predictability. Overlapping area represents the amount of predictability between Medivir AB time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Medivir AB price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Medivir AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medivir AB lagged returns against current returns
Autocorrelation, which is Medivir AB 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 Medivir AB's stock expected returns. We can calculate the autocorrelation of Medivir AB returns to help us make a trade decision. For example, suppose you find that Medivir AB 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 |
Medivir AB 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 Medivir AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medivir AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medivir AB stock over time.
Current vs Lagged Prices |
| Timeline |
Medivir AB Lagged Returns
When evaluating Medivir AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medivir AB stock have on its future price. Medivir AB 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, Medivir AB autocorrelation shows the relationship between Medivir AB stock current value and its past values and can show if there is a momentum factor associated with investing in Medivir AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Medivir Stock Analysis
When running Medivir AB's price analysis, check to measure Medivir AB'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 Medivir AB is operating at the current time. Most of Medivir AB's value examination focuses on studying past and present price action to predict the probability of Medivir AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medivir AB's price. Additionally, you may evaluate how the addition of Medivir AB to your portfolios can decrease your overall portfolio volatility.