Quipt Home Medical Stock Market Value
| QIPT Stock | USD 2.68 0.23 9.39% |
| Symbol | Quipt |
Quipt Home Medical Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quipt Home. If investors know Quipt will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quipt Home listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.98) | Earnings Share (0.12) | Revenue Per Share 5.779 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0115 |
The market value of Quipt Home Medical is measured differently than its book value, which is the value of Quipt that is recorded on the company's balance sheet. Investors also form their own opinion of Quipt Home's value that differs from its market value or its book value, called intrinsic value, which is Quipt Home's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quipt Home's market value can be influenced by many factors that don't directly affect Quipt Home's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quipt Home's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quipt Home is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quipt Home's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Quipt Home '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 Quipt Home'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 Quipt Home.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Quipt Home on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Quipt Home Medical or generate 0.0% return on investment in Quipt Home over 690 days. Quipt Home is related to or competes with Tela Bio, Treace Medical, Pulmonx Corp, Profound Medical, Procept Biorobotics, Orthopediatrics Corp, and Neuropace. Quipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment ... More
Quipt Home 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 Quipt Home'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 Quipt Home Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.32 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 3.4 |
Quipt Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quipt Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quipt Home's standard deviation. In reality, there are many statistical measures that can use Quipt Home historical prices to predict the future Quipt Home's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.16) |
Quipt Home Medical Backtested Returns
Quipt Home Medical maintains Sharpe Ratio (i.e., Efficiency) of -0.0026, which implies the firm had a -0.0026% return per unit of risk over the last 3 months. Quipt Home Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quipt Home's Variance of 5.68, coefficient of variation of (1,128), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 1.35, which implies 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, Quipt Home will likely underperform. At this point, Quipt Home Medical has a negative expected return of -0.0068%. Please make sure to check Quipt Home's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Quipt Home Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Quipt Home Medical has good predictability. Overlapping area represents the amount of predictability between Quipt Home time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Quipt Home Medical price movement. The serial correlation of 0.74 indicates that around 74.0% of current Quipt Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Quipt Home Medical lagged returns against current returns
Autocorrelation, which is Quipt Home 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 Quipt Home's stock expected returns. We can calculate the autocorrelation of Quipt Home returns to help us make a trade decision. For example, suppose you find that Quipt Home 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 |
Quipt Home 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 Quipt Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quipt Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quipt Home stock over time.
Current vs Lagged Prices |
| Timeline |
Quipt Home Lagged Returns
When evaluating Quipt Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quipt Home stock have on its future price. Quipt Home 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, Quipt Home autocorrelation shows the relationship between Quipt Home stock current value and its past values and can show if there is a momentum factor associated with investing in Quipt Home Medical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Quipt Stock Analysis
When running Quipt Home's price analysis, check to measure Quipt Home'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 Quipt Home is operating at the current time. Most of Quipt Home's value examination focuses on studying past and present price action to predict the probability of Quipt Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quipt Home's price. Additionally, you may evaluate how the addition of Quipt Home to your portfolios can decrease your overall portfolio volatility.