Predictmedix Stock Market Value
| PMEDF Stock | USD 0.01 0 10.00% |
| Symbol | Predictmedix |
Predictmedix '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 Predictmedix's pink sheet 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 Predictmedix.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Predictmedix on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Predictmedix or generate 0.0% return on investment in Predictmedix over 30 days. Predictmedix is related to or competes with Biomerica, Co Diagnostics, Senseonics Holdings, Cytosorbents Crp, 908 Devices, Aurora Spine, and Apyx Medical. Predictmedix Inc., an artificial intelligence company, develops AI powered technologies for general workplace health and... More
Predictmedix 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 Predictmedix's pink sheet 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 Predictmedix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.98 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 155.83 | |||
| Value At Risk | (25.09) | |||
| Potential Upside | 50.0 |
Predictmedix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Predictmedix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Predictmedix's standard deviation. In reality, there are many statistical measures that can use Predictmedix historical prices to predict the future Predictmedix's volatility.| Risk Adjusted Performance | 0.1026 | |||
| Jensen Alpha | 2.9 | |||
| Total Risk Alpha | (1.15) | |||
| Sortino Ratio | 0.1271 | |||
| 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 Predictmedix'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.
Predictmedix Backtested Returns
Predictmedix is out of control given 3 months investment horizon. Predictmedix maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.43% are justified by taking the suggested risk. Use Predictmedix Risk Adjusted Performance of 0.1026, coefficient of variation of 822.57, and Semi Deviation of 11.79 to evaluate company specific risk that cannot be diversified away. Predictmedix holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of 1.13, which implies a somewhat significant risk relative to the market. Predictmedix returns are very sensitive to returns on the market. As the market goes up or down, Predictmedix is expected to follow. Use Predictmedix information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Predictmedix.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Predictmedix has insignificant reverse predictability. Overlapping area represents the amount of predictability between Predictmedix time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Predictmedix price movement. The serial correlation of -0.19 indicates that over 19.0% of current Predictmedix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Predictmedix lagged returns against current returns
Autocorrelation, which is Predictmedix pink sheet'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 Predictmedix's pink sheet expected returns. We can calculate the autocorrelation of Predictmedix returns to help us make a trade decision. For example, suppose you find that Predictmedix has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Predictmedix 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 Predictmedix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Predictmedix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Predictmedix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Predictmedix Lagged Returns
When evaluating Predictmedix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Predictmedix pink sheet have on its future price. Predictmedix 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, Predictmedix autocorrelation shows the relationship between Predictmedix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Predictmedix.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Predictmedix Pink Sheet
Predictmedix financial ratios help investors to determine whether Predictmedix Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Predictmedix with respect to the benefits of owning Predictmedix security.