Preveceutical Medical Stock Market Value
| PRVCF Stock | USD 0.01 0.00 0.00% |
| Symbol | PreveCeutical |
PreveCeutical 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 PreveCeutical Medical's otc 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 PreveCeutical Medical.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in PreveCeutical Medical on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding PreveCeutical Medical or generate 0.0% return on investment in PreveCeutical Medical over 720 days. PreveCeutical Medical is related to or competes with Adagene. PreveCeutical Medical Inc., a health sciences company, engages in the development of options for preventive and curative... More
PreveCeutical 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 PreveCeutical Medical's otc 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 PreveCeutical Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.37 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 84.5 | |||
| Value At Risk | (27.81) | |||
| Potential Upside | 31.58 |
PreveCeutical Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PreveCeutical Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PreveCeutical Medical's standard deviation. In reality, there are many statistical measures that can use PreveCeutical Medical historical prices to predict the future PreveCeutical Medical's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 1.75 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.084 | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PreveCeutical 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.
PreveCeutical Medical Backtested Returns
PreveCeutical Medical is out of control given 3 months investment horizon. PreveCeutical Medical maintains Sharpe Ratio (i.e., Efficiency) of 0.0979, which implies the firm had a 0.0979% return per unit of risk over the last 3 months. We were able to break down twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.49% are justified by taking the suggested risk. Use PreveCeutical Medical Semi Deviation of 10.45, coefficient of variation of 1070.43, and Risk Adjusted Performance of 0.0808 to evaluate company specific risk that cannot be diversified away. PreveCeutical Medical holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of -3.44, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning PreveCeutical Medical are expected to decrease by larger amounts. On the other hand, during market turmoil, PreveCeutical Medical is expected to outperform it. Use PreveCeutical Medical jensen alpha and the relationship between the maximum drawdown and rate of daily change , to analyze future returns on PreveCeutical Medical.
Auto-correlation | 0.25 |
Poor predictability
PreveCeutical Medical has poor predictability. Overlapping area represents the amount of predictability between PreveCeutical Medical time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 PreveCeutical Medical price movement. The serial correlation of 0.25 indicates that over 25.0% of current PreveCeutical Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PreveCeutical Medical lagged returns against current returns
Autocorrelation, which is PreveCeutical Medical otc 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 PreveCeutical Medical's otc stock expected returns. We can calculate the autocorrelation of PreveCeutical Medical returns to help us make a trade decision. For example, suppose you find that PreveCeutical Medical has exhibited high autocorrelation historically, and you observe that the otc 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 |
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PreveCeutical 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 PreveCeutical Medical otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PreveCeutical Medical otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PreveCeutical Medical otc stock over time.
Current vs Lagged Prices |
| Timeline |
PreveCeutical Medical Lagged Returns
When evaluating PreveCeutical Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PreveCeutical Medical otc stock have on its future price. PreveCeutical 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, PreveCeutical Medical autocorrelation shows the relationship between PreveCeutical Medical otc stock current value and its past values and can show if there is a momentum factor associated with investing in PreveCeutical Medical.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in PreveCeutical OTC Stock
PreveCeutical Medical financial ratios help investors to determine whether PreveCeutical OTC Stock 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 PreveCeutical with respect to the benefits of owning PreveCeutical Medical security.