Sensus Healthcare Stock Market Value
| SRTS Stock | USD 8.60 0.01 0.12% |
| Symbol | Sensus |
Sensus Healthcare 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 Sensus Healthcare. If investors know Sensus 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 Sensus Healthcare 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 4.333 | Earnings Share 0.57 | Revenue Per Share 2.233 | Quarterly Revenue Growth 1.557 | Return On Assets 0.097 |
The market value of Sensus Healthcare is measured differently than its book value, which is the value of Sensus that is recorded on the company's balance sheet. Investors also form their own opinion of Sensus Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Sensus Healthcare'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 Sensus Healthcare's market value can be influenced by many factors that don't directly affect Sensus Healthcare'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 Sensus Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sensus Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sensus Healthcare'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.
Sensus Healthcare '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 Sensus Healthcare'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 Sensus Healthcare.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sensus Healthcare on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sensus Healthcare or generate 0.0% return on investment in Sensus Healthcare over 30 days. Sensus Healthcare is related to or competes with Ainos, SurModics, LENSAR, IRIDEX, Sight Sciences, STRATA Skin, and EnVVeno Medical. Sensus Healthcare, Inc., a medical device company, manufactures and sells radiation therapy devices to healthcare provid... More
Sensus Healthcare 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 Sensus Healthcare'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 Sensus Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 14.56 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 6.23 |
Sensus Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sensus Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sensus Healthcare's standard deviation. In reality, there are many statistical measures that can use Sensus Healthcare historical prices to predict the future Sensus Healthcare's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 0.3435 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1129 | |||
| Treynor Ratio | 0.3627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sensus Healthcare'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.
Sensus Healthcare Backtested Returns
Sensus Healthcare appears to be slightly risky, given 3 months investment horizon. Sensus Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Sensus Healthcare's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Sensus Healthcare's Risk Adjusted Performance of 0.1207, semi deviation of 3.04, and Coefficient Of Variation of 678.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sensus Healthcare holds a performance score of 12. The entity has a beta of 1.39, 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, Sensus Healthcare will likely underperform. Please check Sensus Healthcare's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Sensus Healthcare's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Sensus Healthcare has very weak predictability. Overlapping area represents the amount of predictability between Sensus Healthcare time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Sensus Healthcare price movement. The serial correlation of 0.18 indicates that over 18.0% of current Sensus Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Sensus Healthcare lagged returns against current returns
Autocorrelation, which is Sensus Healthcare 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 Sensus Healthcare's stock expected returns. We can calculate the autocorrelation of Sensus Healthcare returns to help us make a trade decision. For example, suppose you find that Sensus Healthcare 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 |
Sensus Healthcare 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 Sensus Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sensus Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sensus Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Sensus Healthcare Lagged Returns
When evaluating Sensus Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sensus Healthcare stock have on its future price. Sensus Healthcare 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, Sensus Healthcare autocorrelation shows the relationship between Sensus Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Sensus Healthcare.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sensus Stock Analysis
When running Sensus Healthcare's price analysis, check to measure Sensus Healthcare'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 Sensus Healthcare is operating at the current time. Most of Sensus Healthcare's value examination focuses on studying past and present price action to predict the probability of Sensus Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sensus Healthcare's price. Additionally, you may evaluate how the addition of Sensus Healthcare to your portfolios can decrease your overall portfolio volatility.