Maider Medical (China) Market Value
| 688310 Stock | 13.06 0.01 0.08% |
| Symbol | Maider |
Maider Medical '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 Maider Medical'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 Maider Medical.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Maider Medical on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Maider Medical Industry or generate 0.0% return on investment in Maider Medical over 30 days. Maider Medical is related to or competes with Cultural Investment, Gome Telecom, Holitech Technology, and Zotye Automobile. Maider Medical is entity of China. It is traded as Stock on SHG exchange. More
Maider Medical 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 Maider Medical'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 Maider Medical Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 31.49 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 6.67 |
Maider Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maider Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maider Medical's standard deviation. In reality, there are many statistical measures that can use Maider Medical historical prices to predict the future Maider Medical's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.4088 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0635 | |||
| Treynor Ratio | (1.98) |
Maider Medical Industry Backtested Returns
Maider Medical appears to be somewhat reliable, given 3 months investment horizon. Maider Medical Industry has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Maider Medical's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Maider Medical's Mean Deviation of 2.6, risk adjusted performance of 0.0789, and Downside Deviation of 4.28 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maider Medical holds a performance score of 10. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maider Medical are expected to decrease at a much lower rate. During the bear market, Maider Medical is likely to outperform the market. Please check Maider Medical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Maider Medical's current price movements will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Maider Medical Industry has very good reverse predictability. Overlapping area represents the amount of predictability between Maider Medical time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Maider Medical Industry price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Maider Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Maider Medical Industry lagged returns against current returns
Autocorrelation, which is Maider Medical 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 Maider Medical's stock expected returns. We can calculate the autocorrelation of Maider Medical returns to help us make a trade decision. For example, suppose you find that Maider Medical 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 |
Maider Medical 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 Maider Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maider Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maider Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Maider Medical Lagged Returns
When evaluating Maider Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maider Medical stock have on its future price. Maider Medical 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, Maider Medical autocorrelation shows the relationship between Maider Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Maider Medical Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Maider Stock
Maider Medical financial ratios help investors to determine whether Maider Stock 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 Maider with respect to the benefits of owning Maider Medical security.