Virtual Medical International Stock Market Value
| QEBR Stock | USD 0.0002 0.00 0.00% |
| Symbol | Virtual |
Virtual 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 Virtual Medical'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 Virtual Medical.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Virtual Medical on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Virtual Medical International or generate 0.0% return on investment in Virtual Medical over 30 days. Virtual Medical International, Inc. operates as a health wellness company in the hemp-derived CBD sector More
Virtual 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 Virtual Medical'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 Virtual Medical International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 100.0 |
Virtual Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtual Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtual Medical's standard deviation. In reality, there are many statistical measures that can use Virtual Medical historical prices to predict the future Virtual Medical's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 1.33 | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 1.03 |
Virtual Medical Inte Backtested Returns
Virtual Medical is out of control given 3 months investment horizon. Virtual Medical Inte owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have analyzed sixteen different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use Virtual Medical Inte Variance of 151.52, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.1038 to evaluate company specific risk that cannot be diversified away. Virtual Medical holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 1.47, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Virtual Medical will likely underperform. Use Virtual Medical Inte risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to analyze future returns on Virtual Medical Inte.
Auto-correlation | 0.00 |
No correlation between past and present
Virtual Medical International has no correlation between past and present. Overlapping area represents the amount of predictability between Virtual Medical time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Virtual Medical Inte price movement. The serial correlation of 0.0 indicates that just 0.0% of current Virtual Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virtual Medical Inte lagged returns against current returns
Autocorrelation, which is Virtual Medical 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 Virtual Medical's pink sheet expected returns. We can calculate the autocorrelation of Virtual Medical returns to help us make a trade decision. For example, suppose you find that Virtual Medical 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 |
Virtual 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 Virtual Medical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtual Medical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtual Medical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Virtual Medical Lagged Returns
When evaluating Virtual Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtual Medical pink sheet have on its future price. Virtual 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, Virtual Medical autocorrelation shows the relationship between Virtual Medical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Virtual Medical International.
Regressed Prices |
| Timeline |
Pair Trading with Virtual 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 Virtual 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 Virtual Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Virtual Pink Sheet
| 0.85 | LNDNF | Lundin Energy AB | PairCorr |
| 0.72 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.7 | AWCMY | Alumina Limited PK | PairCorr |
| 0.69 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.67 | MKGAF | MERCK Kommanditgesells | PairCorr |
The ability to find closely correlated positions to Virtual 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 Virtual 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 Virtual 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 Virtual Medical International to buy it.
The correlation of Virtual 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 Virtual Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virtual Medical Inte 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 Virtual 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 Virtual Pink Sheet Analysis
When running Virtual Medical's price analysis, check to measure Virtual 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 Virtual Medical is operating at the current time. Most of Virtual Medical's value examination focuses on studying past and present price action to predict the probability of Virtual 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 Virtual Medical's price. Additionally, you may evaluate how the addition of Virtual Medical to your portfolios can decrease your overall portfolio volatility.