STRYKER (Germany) Market Value
| SYK Stock | EUR 364.80 7.40 1.99% |
| Symbol | STRYKER |
STRYKER '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 STRYKER'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 STRYKER.
| 12/06/2022 |
| 11/25/2024 |
STRYKER 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 STRYKER'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 STRYKER upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.1043 | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.48 |
STRYKER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STRYKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STRYKER's standard deviation. In reality, there are many statistical measures that can use STRYKER historical prices to predict the future STRYKER's volatility.| Risk Adjusted Performance | 0.1636 | |||
| Jensen Alpha | 0.2736 | |||
| Total Risk Alpha | 0.0539 | |||
| Sortino Ratio | 0.1218 | |||
| Treynor Ratio | (1.40) |
STRYKER Backtested Returns
STRYKER appears to be very steady, given 3 months investment horizon. STRYKER owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for STRYKER, which you can use to evaluate the volatility of the company. Please review STRYKER's risk adjusted performance of 0.1636, and Coefficient Of Variation of 480.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, STRYKER holds a performance score of 13. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STRYKER are expected to decrease at a much lower rate. During the bear market, STRYKER is likely to outperform the market. Please check STRYKER's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether STRYKER's existing price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
STRYKER has good predictability. Overlapping area represents the amount of predictability between STRYKER time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 STRYKER price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current STRYKER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 486.26 |
STRYKER lagged returns against current returns
Autocorrelation, which is STRYKER 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 STRYKER's stock expected returns. We can calculate the autocorrelation of STRYKER returns to help us make a trade decision. For example, suppose you find that STRYKER 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 |
STRYKER 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 STRYKER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STRYKER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STRYKER stock over time.
Current vs Lagged Prices |
| Timeline |
STRYKER Lagged Returns
When evaluating STRYKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STRYKER stock have on its future price. STRYKER 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, STRYKER autocorrelation shows the relationship between STRYKER stock current value and its past values and can show if there is a momentum factor associated with investing in STRYKER.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in STRYKER Stock
When determining whether STRYKER is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if STRYKER Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Stryker Stock. Highlighted below are key reports to facilitate an investment decision about Stryker Stock:Check out STRYKER Correlation, STRYKER Volatility and STRYKER Alpha and Beta module to complement your research on STRYKER. For information on how to trade STRYKER Stock refer to our How to Trade STRYKER Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
STRYKER technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.