Mediantechn (France) Market Value
| ALMDT Stock | EUR 3.22 0.08 2.42% |
| Symbol | Mediantechn |
Mediantechn '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 Mediantechn'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 Mediantechn.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mediantechn on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mediantechn or generate 0.0% return on investment in Mediantechn over 210 days. Mediantechn is related to or competes with Novacyt, Biophytis, Biosynex, and Eurobio Scientific. Median Technologies SA develops and markets software products and platforms for medical image analysis in France and int... More
Mediantechn 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 Mediantechn'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 Mediantechn upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 24.82 | |||
| Value At Risk | (9.14) | |||
| Potential Upside | 6.64 |
Mediantechn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mediantechn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mediantechn's standard deviation. In reality, there are many statistical measures that can use Mediantechn historical prices to predict the future Mediantechn's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.66) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mediantechn's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mediantechn Backtested Returns
Mediantechn has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Mediantechn exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mediantechn's Mean Deviation of 3.76, risk adjusted performance of (0.12), and Standard Deviation of 4.95 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mediantechn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mediantechn is expected to be smaller as well. At this point, Mediantechn has a negative expected return of -0.73%. Please make sure to verify Mediantechn's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Mediantechn performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Mediantechn has weak reverse predictability. Overlapping area represents the amount of predictability between Mediantechn time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Mediantechn price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Mediantechn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Mediantechn lagged returns against current returns
Autocorrelation, which is Mediantechn 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 Mediantechn's stock expected returns. We can calculate the autocorrelation of Mediantechn returns to help us make a trade decision. For example, suppose you find that Mediantechn 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 |
Mediantechn 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 Mediantechn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mediantechn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mediantechn stock over time.
Current vs Lagged Prices |
| Timeline |
Mediantechn Lagged Returns
When evaluating Mediantechn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mediantechn stock have on its future price. Mediantechn 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, Mediantechn autocorrelation shows the relationship between Mediantechn stock current value and its past values and can show if there is a momentum factor associated with investing in Mediantechn.
Regressed Prices |
| Timeline |
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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 Tools for Mediantechn Stock Analysis
When running Mediantechn's price analysis, check to measure Mediantechn'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 Mediantechn is operating at the current time. Most of Mediantechn's value examination focuses on studying past and present price action to predict the probability of Mediantechn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mediantechn's price. Additionally, you may evaluate how the addition of Mediantechn to your portfolios can decrease your overall portfolio volatility.