Redsense Medical (Sweden) Market Value
| REDS Stock | SEK 6.84 0.16 2.29% |
| Symbol | Redsense |
Redsense 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 Redsense 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 Redsense Medical.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Redsense Medical on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Redsense Medical AB or generate 0.0% return on investment in Redsense Medical over 180 days. Redsense Medical is related to or competes with Genovis AB, Vestum AB, and Karolinska Development. Redsense Medical AB provides blood loss detection devices primarily in Europe and the United States More
Redsense 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 Redsense 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 Redsense Medical AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 22.78 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 7.69 |
Redsense Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redsense Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redsense Medical's standard deviation. In reality, there are many statistical measures that can use Redsense Medical historical prices to predict the future Redsense Medical's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.0933 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | 0.3923 |
Redsense Medical Backtested Returns
Redsense Medical maintains Sharpe Ratio (i.e., Efficiency) of -0.0036, which implies the firm had a -0.0036% return per unit of risk over the last 3 months. Redsense Medical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redsense Medical's Coefficient Of Variation of 3192.51, semi deviation of 3.16, and Risk Adjusted Performance of 0.0323 to confirm the risk estimate we provide. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Redsense Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redsense Medical is expected to be smaller as well. At this point, Redsense Medical has a negative expected return of -0.016%. Please make sure to check Redsense Medical's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Redsense Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Redsense Medical AB has below average predictability. Overlapping area represents the amount of predictability between Redsense Medical time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Redsense Medical price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Redsense Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Redsense Medical lagged returns against current returns
Autocorrelation, which is Redsense 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 Redsense Medical's stock expected returns. We can calculate the autocorrelation of Redsense Medical returns to help us make a trade decision. For example, suppose you find that Redsense 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 |
Redsense 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 Redsense Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redsense Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redsense Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Redsense Medical Lagged Returns
When evaluating Redsense Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redsense Medical stock have on its future price. Redsense 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, Redsense Medical autocorrelation shows the relationship between Redsense Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Redsense Medical AB.
Regressed Prices |
| Timeline |
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Additional Tools for Redsense Stock Analysis
When running Redsense Medical's price analysis, check to measure Redsense 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 Redsense Medical is operating at the current time. Most of Redsense Medical's value examination focuses on studying past and present price action to predict the probability of Redsense 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 Redsense Medical's price. Additionally, you may evaluate how the addition of Redsense Medical to your portfolios can decrease your overall portfolio volatility.