Catheter Precision Stock Market Value
| VTAK Stock | 0.42 0.01 2.44% |
| Symbol | Catheter |
Catheter Precision 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 Catheter Precision. If investors know Catheter 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 Catheter Precision listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 30.61 | Revenue Per Share 0.604 | Quarterly Revenue Growth (0.03) | Return On Assets (0.22) | Return On Equity (0.50) |
The market value of Catheter Precision is measured differently than its book value, which is the value of Catheter that is recorded on the company's balance sheet. Investors also form their own opinion of Catheter Precision's value that differs from its market value or its book value, called intrinsic value, which is Catheter Precision'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 Catheter Precision's market value can be influenced by many factors that don't directly affect Catheter Precision'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 Catheter Precision's value and its price as these two are different measures arrived at by different means. Investors typically determine if Catheter Precision is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Catheter Precision'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.
Catheter Precision '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 Catheter Precision'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 Catheter Precision.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Catheter Precision on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Catheter Precision or generate 0.0% return on investment in Catheter Precision over 60 days. Catheter Precision is related to or competes with Nutex Health, and Mangoceuticals, Common. Catheter Precision is entity of United States More
Catheter Precision 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 Catheter Precision'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 Catheter Precision upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 136.36 | |||
| Value At Risk | (13.19) | |||
| Potential Upside | 11.63 |
Catheter Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catheter Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catheter Precision's standard deviation. In reality, there are many statistical measures that can use Catheter Precision historical prices to predict the future Catheter Precision's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (1.25) | |||
| Total Risk Alpha | (3.69) | |||
| Treynor Ratio | (0.80) |
Catheter Precision Backtested Returns
Catheter Precision secures Sharpe Ratio (or Efficiency) of -0.0598, which signifies that the company had a -0.0598% return per unit of risk over the last 3 months. Catheter Precision exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Catheter Precision's Standard Deviation of 16.76, mean deviation of 7.56, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.35, which signifies 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, Catheter Precision will likely underperform. At this point, Catheter Precision has a negative expected return of -1.02%. Please make sure to confirm Catheter Precision's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Catheter Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Catheter Precision has very good reverse predictability. Overlapping area represents the amount of predictability between Catheter Precision time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Catheter Precision price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Catheter Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Catheter Precision lagged returns against current returns
Autocorrelation, which is Catheter Precision 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 Catheter Precision's stock expected returns. We can calculate the autocorrelation of Catheter Precision returns to help us make a trade decision. For example, suppose you find that Catheter Precision 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 |
Catheter Precision 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 Catheter Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catheter Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catheter Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Catheter Precision Lagged Returns
When evaluating Catheter Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catheter Precision stock have on its future price. Catheter Precision 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, Catheter Precision autocorrelation shows the relationship between Catheter Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Catheter Precision.
Regressed Prices |
| Timeline |
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Catheter Precision 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.