Perimeter Medical Imaging Stock Market Value
| PINK Stock | CAD 0.49 0.01 2.00% |
| Symbol | Perimeter |
Perimeter Medical Imaging Price To Book Ratio
Perimeter 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 Perimeter 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 Perimeter Medical.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Perimeter Medical on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Perimeter Medical Imaging or generate 0.0% return on investment in Perimeter Medical over 90 days. Perimeter Medical is related to or competes with Orca Energy, Rogers Communications, Aclara Resources, Greenfire Resources, and CCL Industries. Perimeter Medical Imaging AI, Inc., a medical technology company, develops and commercializes advanced imaging tools tha... More
Perimeter 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 Perimeter 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 Perimeter Medical Imaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.35 | |||
| Information Ratio | 0.0814 | |||
| Maximum Drawdown | 32.13 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 13.21 |
Perimeter Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perimeter Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perimeter Medical's standard deviation. In reality, there are many statistical measures that can use Perimeter Medical historical prices to predict the future Perimeter Medical's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.7853 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | (1.16) |
Perimeter Medical Imaging Backtested Returns
Perimeter Medical appears to be out of control, given 3 months investment horizon. Perimeter Medical Imaging maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Perimeter Medical's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please evaluate Perimeter Medical's Risk Adjusted Performance of 0.0859, coefficient of variation of 993.04, and Semi Deviation of 6.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Perimeter Medical holds a performance score of 9. The company holds a Beta of -0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Perimeter Medical are expected to decrease at a much lower rate. During the bear market, Perimeter Medical is likely to outperform the market. Please check Perimeter Medical's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Perimeter Medical's historical price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Perimeter Medical Imaging has virtually no predictability. Overlapping area represents the amount of predictability between Perimeter Medical time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Perimeter Medical Imaging price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Perimeter Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Perimeter Medical Imaging lagged returns against current returns
Autocorrelation, which is Perimeter 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 Perimeter Medical's stock expected returns. We can calculate the autocorrelation of Perimeter Medical returns to help us make a trade decision. For example, suppose you find that Perimeter 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 |
Perimeter 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 Perimeter Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perimeter Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perimeter Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Perimeter Medical Lagged Returns
When evaluating Perimeter Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perimeter Medical stock have on its future price. Perimeter 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, Perimeter Medical autocorrelation shows the relationship between Perimeter Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Perimeter Medical Imaging.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Perimeter Stock Analysis
When running Perimeter Medical's price analysis, check to measure Perimeter 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 Perimeter Medical is operating at the current time. Most of Perimeter Medical's value examination focuses on studying past and present price action to predict the probability of Perimeter 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 Perimeter Medical's price. Additionally, you may evaluate how the addition of Perimeter Medical to your portfolios can decrease your overall portfolio volatility.