Siemens Healthineers Ag Stock Market Value
| SMMNY Stock | USD 26.83 0.26 0.98% |
| Symbol | Siemens |
Siemens Healthineers '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 Siemens Healthineers' 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 Siemens Healthineers.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Siemens Healthineers on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Siemens Healthineers AG or generate 0.0% return on investment in Siemens Healthineers over 720 days. Siemens Healthineers is related to or competes with Brainsway, Bluejay Diagnostics, Venus Concept, Icecure Medical, SurModics, STRATA Skin, and Rapid Micro. Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeut... More
Siemens Healthineers 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 Siemens Healthineers' 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 Siemens Healthineers AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 3.82 |
Siemens Healthineers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siemens Healthineers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siemens Healthineers' standard deviation. In reality, there are many statistical measures that can use Siemens Healthineers historical prices to predict the future Siemens Healthineers' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.38) |
Siemens Healthineers Backtested Returns
Siemens Healthineers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0711, which indicates the firm had a -0.0711% return per unit of risk over the last 3 months. Siemens Healthineers AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siemens Healthineers' Risk Adjusted Performance of (0.05), variance of 2.5, and Coefficient Of Variation of (1,453) to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siemens Healthineers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Siemens Healthineers is expected to be smaller as well. At this point, Siemens Healthineers has a negative expected return of -0.11%. Please make sure to validate Siemens Healthineers' coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Siemens Healthineers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Siemens Healthineers AG has insignificant predictability. Overlapping area represents the amount of predictability between Siemens Healthineers time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Siemens Healthineers price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Siemens Healthineers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Siemens Healthineers lagged returns against current returns
Autocorrelation, which is Siemens Healthineers 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 Siemens Healthineers' pink sheet expected returns. We can calculate the autocorrelation of Siemens Healthineers returns to help us make a trade decision. For example, suppose you find that Siemens Healthineers 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 |
Siemens Healthineers 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 Siemens Healthineers pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siemens Healthineers pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siemens Healthineers pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Siemens Healthineers Lagged Returns
When evaluating Siemens Healthineers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siemens Healthineers pink sheet have on its future price. Siemens Healthineers 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, Siemens Healthineers autocorrelation shows the relationship between Siemens Healthineers pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Siemens Healthineers AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Siemens Pink Sheet Analysis
When running Siemens Healthineers' price analysis, check to measure Siemens Healthineers' 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 Siemens Healthineers is operating at the current time. Most of Siemens Healthineers' value examination focuses on studying past and present price action to predict the probability of Siemens Healthineers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Siemens Healthineers' price. Additionally, you may evaluate how the addition of Siemens Healthineers to your portfolios can decrease your overall portfolio volatility.