Viemed Healthcare Stock Market Value
| VMD Stock | USD 8.71 0.17 1.99% |
| Symbol | Viemed |
Viemed 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 Viemed Healthcare. If investors know Viemed 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 Viemed 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 0.425 | Earnings Share 0.25 | Revenue Per Share 5.534 | Quarterly Revenue Growth 0.174 | Return On Assets 0.0686 |
The market value of Viemed Healthcare is measured differently than its book value, which is the value of Viemed that is recorded on the company's balance sheet. Investors also form their own opinion of Viemed Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Viemed 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 Viemed Healthcare's market value can be influenced by many factors that don't directly affect Viemed 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 Viemed Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Viemed Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viemed 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.
Viemed 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 Viemed 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 Viemed Healthcare.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Viemed Healthcare on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Viemed Healthcare or generate 0.0% return on investment in Viemed Healthcare over 720 days. Viemed Healthcare is related to or competes with Profound Medical, Si Bone, IRIDEX, SurModics, Avita Medical, Clearpoint Neuro, and Sight Sciences. Viemed Healthcare, Inc., through its subsidiaries, provides in-home durable medical equipment and post-acute respiratory... More
Viemed 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 Viemed 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 Viemed Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0716 | |||
| Maximum Drawdown | 10.98 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.3 |
Viemed Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viemed Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viemed Healthcare's standard deviation. In reality, there are many statistical measures that can use Viemed Healthcare historical prices to predict the future Viemed Healthcare's volatility.| Risk Adjusted Performance | 0.0955 | |||
| Jensen Alpha | 0.1212 | |||
| Total Risk Alpha | 1.0E-4 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.179 |
Viemed Healthcare Backtested Returns
Viemed Healthcare appears to be not too volatile, given 3 months investment horizon. Viemed Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Viemed Healthcare, which you can use to evaluate the volatility of the company. Please review Viemed Healthcare's Risk Adjusted Performance of 0.0955, semi deviation of 1.77, and Coefficient Of Variation of 845.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viemed Healthcare holds a performance score of 11. The entity has a beta of 1.3, 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, Viemed Healthcare will likely underperform. Please check Viemed Healthcare's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Viemed Healthcare's existing price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Viemed Healthcare has very weak reverse predictability. Overlapping area represents the amount of predictability between Viemed Healthcare time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Viemed Healthcare price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Viemed Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Viemed Healthcare lagged returns against current returns
Autocorrelation, which is Viemed 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 Viemed Healthcare's stock expected returns. We can calculate the autocorrelation of Viemed Healthcare returns to help us make a trade decision. For example, suppose you find that Viemed 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 |
Viemed 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 Viemed Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viemed Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viemed Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Viemed Healthcare Lagged Returns
When evaluating Viemed Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viemed Healthcare stock have on its future price. Viemed 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, Viemed Healthcare autocorrelation shows the relationship between Viemed Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Viemed Healthcare.
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.When determining whether Viemed Healthcare is a strong investment it is important to analyze Viemed Healthcare's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Viemed Healthcare's future performance. For an informed investment choice regarding Viemed Stock, refer to the following important reports:Check out Viemed Healthcare Correlation, Viemed Healthcare Volatility and Viemed Healthcare Alpha and Beta module to complement your research on Viemed Healthcare. For information on how to trade Viemed Stock refer to our How to Trade Viemed Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Viemed Healthcare 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.