4Dmedical (Australia) Market Value
| 4DX Stock | 0.46 0.01 2.22% |
| Symbol | 4Dmedical |
4Dmedical '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 4Dmedical'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 4Dmedical.
| 02/07/2023 |
| 12/28/2024 |
If you would invest 0.00 in 4Dmedical on February 7, 2023 and sell it all today you would earn a total of 0.00 from holding 4Dmedical or generate 0.0% return on investment in 4Dmedical over 690 days. 4Dmedical is related to or competes with Aneka Tambang, Woolworths, Commonwealth Bank, BHP Group, Rio Tinto, Wesfarmers, and Coles. 4Dmedical is entity of Australia. It is traded as Stock on AU exchange. More
4Dmedical 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 4Dmedical'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 4Dmedical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.76 | |||
| Information Ratio | 0.0344 | |||
| Maximum Drawdown | 51.76 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.94 |
4Dmedical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 4Dmedical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 4Dmedical's standard deviation. In reality, there are many statistical measures that can use 4Dmedical historical prices to predict the future 4Dmedical's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.2468 | |||
| Total Risk Alpha | 0.0663 | |||
| Sortino Ratio | 0.0483 | |||
| Treynor Ratio | 1.01 |
4Dmedical Backtested Returns
4Dmedical secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. 4Dmedical exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 4Dmedical's mean deviation of 3.95, and Risk Adjusted Performance of 0.0401 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 4Dmedical's returns are expected to increase less than the market. However, during the bear market, the loss of holding 4Dmedical is expected to be smaller as well. At this point, 4Dmedical has a negative expected return of -0.52%. Please make sure to confirm 4Dmedical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if 4Dmedical performance from the past will be repeated at future time.
Auto-correlation | -0.18 |
Insignificant reverse predictability
4Dmedical has insignificant reverse predictability. Overlapping area represents the amount of predictability between 4Dmedical time series from 7th of February 2023 to 18th of January 2024 and 18th of January 2024 to 28th of December 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 4Dmedical price movement. The serial correlation of -0.18 indicates that over 18.0% of current 4Dmedical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
4Dmedical lagged returns against current returns
Autocorrelation, which is 4Dmedical 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 4Dmedical's stock expected returns. We can calculate the autocorrelation of 4Dmedical returns to help us make a trade decision. For example, suppose you find that 4Dmedical 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 |
4Dmedical 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 4Dmedical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 4Dmedical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 4Dmedical stock over time.
Current vs Lagged Prices |
| Timeline |
4Dmedical Lagged Returns
When evaluating 4Dmedical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 4Dmedical stock have on its future price. 4Dmedical 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, 4Dmedical autocorrelation shows the relationship between 4Dmedical stock current value and its past values and can show if there is a momentum factor associated with investing in 4Dmedical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 4Dmedical Stock Analysis
When running 4Dmedical's price analysis, check to measure 4Dmedical'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 4Dmedical is operating at the current time. Most of 4Dmedical's value examination focuses on studying past and present price action to predict the probability of 4Dmedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 4Dmedical's price. Additionally, you may evaluate how the addition of 4Dmedical to your portfolios can decrease your overall portfolio volatility.