Sanuwave Health Stock Market Value
| SNWV Stock | USD 20.81 1.19 5.41% |
| Symbol | SANUWAVE |
SANUWAVE Health's Earnings Breakdown by Geography
SANUWAVE Health '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 SANUWAVE Health'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 SANUWAVE Health.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SANUWAVE Health on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SANUWAVE Health or generate 0.0% return on investment in SANUWAVE Health over 30 days. SANUWAVE Health, Inc., a shock wave technology company, researches, develops, and commercializes noninvasive, high-energ... More
SANUWAVE Health 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 SANUWAVE Health'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 SANUWAVE Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.73 | |||
| Information Ratio | 0.2619 | |||
| Maximum Drawdown | 54.16 | |||
| Value At Risk | (9.71) | |||
| Potential Upside | 14.2 |
SANUWAVE Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SANUWAVE Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SANUWAVE Health's standard deviation. In reality, there are many statistical measures that can use SANUWAVE Health historical prices to predict the future SANUWAVE Health's volatility.| Risk Adjusted Performance | 0.2226 | |||
| Jensen Alpha | 1.85 | |||
| Total Risk Alpha | 0.9435 | |||
| Sortino Ratio | 0.3068 | |||
| Treynor Ratio | 0.7885 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SANUWAVE Health'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.
SANUWAVE Health Backtested Returns
SANUWAVE Health is slightly risky given 3 months investment horizon. SANUWAVE Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the company had a 0.3% return per unit of standard deviation over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use SANUWAVE Health Risk Adjusted Performance of 0.2226, market risk adjusted performance of 0.7985, and Downside Deviation of 6.73 to evaluate company specific risk that cannot be diversified away. SANUWAVE Health holds a performance score of 23 on a scale of zero to a hundred. The firm has a beta of 2.77, 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, SANUWAVE Health will likely underperform. Use SANUWAVE Health potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on SANUWAVE Health.
Auto-correlation | -0.39 |
Poor reverse predictability
SANUWAVE Health has poor reverse predictability. Overlapping area represents the amount of predictability between SANUWAVE Health time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 SANUWAVE Health price movement. The serial correlation of -0.39 indicates that just about 39.0% of current SANUWAVE Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
SANUWAVE Health lagged returns against current returns
Autocorrelation, which is SANUWAVE Health 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 SANUWAVE Health's otc stock expected returns. We can calculate the autocorrelation of SANUWAVE Health returns to help us make a trade decision. For example, suppose you find that SANUWAVE Health 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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SANUWAVE Health 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 SANUWAVE Health otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SANUWAVE Health otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SANUWAVE Health otc stock over time.
Current vs Lagged Prices |
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SANUWAVE Health Lagged Returns
When evaluating SANUWAVE Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SANUWAVE Health otc stock have on its future price. SANUWAVE Health 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, SANUWAVE Health autocorrelation shows the relationship between SANUWAVE Health otc stock current value and its past values and can show if there is a momentum factor associated with investing in SANUWAVE Health.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SANUWAVE OTC Stock Analysis
When running SANUWAVE Health's price analysis, check to measure SANUWAVE Health'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 SANUWAVE Health is operating at the current time. Most of SANUWAVE Health's value examination focuses on studying past and present price action to predict the probability of SANUWAVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SANUWAVE Health's price. Additionally, you may evaluate how the addition of SANUWAVE Health to your portfolios can decrease your overall portfolio volatility.