Surgical Science Sweden Stock Market Value
| SUSRF Stock | USD 12.75 0.00 0.00% |
| Symbol | Surgical |
Surgical Science '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 Surgical Science's 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 Surgical Science.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Surgical Science on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Surgical Science Sweden or generate 0.0% return on investment in Surgical Science over 180 days. Surgical Science is related to or competes with Healthcare Integrated, CompuGroup Medical, CompuGroup Medical, and Strainsforpains. Surgical Science Sweden AB develops and markets virtual reality simulators for evidence-based laparoscopic and endoscopi... More
Surgical Science 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 Surgical Science's 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 Surgical Science Sweden upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.82 |
Surgical Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surgical Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surgical Science's standard deviation. In reality, there are many statistical measures that can use Surgical Science historical prices to predict the future Surgical Science's volatility.| Risk Adjusted Performance | 0.0238 | |||
| Jensen Alpha | 0.0497 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.26) |
Surgical Science Sweden Backtested Returns
At this point, Surgical Science is not too volatile. Surgical Science Sweden owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0238, which indicates the firm had a 0.0238% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Surgical Science Sweden, which you can use to evaluate the volatility of the company. Please validate Surgical Science's Variance of 3.43, coefficient of variation of 4269.85, and Risk Adjusted Performance of 0.0238 to confirm if the risk estimate we provide is consistent with the expected return of 0.0447%. Surgical Science has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Surgical Science are expected to decrease at a much lower rate. During the bear market, Surgical Science is likely to outperform the market. Surgical Science Sweden right now has a risk of 1.88%. Please validate Surgical Science risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Surgical Science will be following its existing price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Surgical Science Sweden has very weak reverse predictability. Overlapping area represents the amount of predictability between Surgical Science time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Surgical Science Sweden price movement. The serial correlation of -0.01 indicates that just 1.0% of current Surgical Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Surgical Science Sweden lagged returns against current returns
Autocorrelation, which is Surgical Science 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 Surgical Science's pink sheet expected returns. We can calculate the autocorrelation of Surgical Science returns to help us make a trade decision. For example, suppose you find that Surgical Science 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 |
Surgical Science 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 Surgical Science pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surgical Science pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surgical Science pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Surgical Science Lagged Returns
When evaluating Surgical Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surgical Science pink sheet have on its future price. Surgical Science 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, Surgical Science autocorrelation shows the relationship between Surgical Science pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Surgical Science Sweden.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Surgical Pink Sheet
Surgical Science financial ratios help investors to determine whether Surgical Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Surgical with respect to the benefits of owning Surgical Science security.