Apyx Medical Stock Market Value
| APYX Stock | USD 1.69 0.24 16.55% |
| Symbol | Apyx |
Apyx Medical 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 Apyx Medical. If investors know Apyx 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 Apyx Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Revenue Per Share 1.415 | Quarterly Revenue Growth (0.10) | Return On Assets (0.22) | Return On Equity (1.10) |
The market value of Apyx Medical is measured differently than its book value, which is the value of Apyx that is recorded on the company's balance sheet. Investors also form their own opinion of Apyx Medical's value that differs from its market value or its book value, called intrinsic value, which is Apyx Medical'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 Apyx Medical's market value can be influenced by many factors that don't directly affect Apyx Medical'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 Apyx Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apyx Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apyx Medical'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.
Apyx 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 Apyx 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 Apyx Medical.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Apyx Medical on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Apyx Medical or generate 0.0% return on investment in Apyx Medical over 90 days. Apyx Medical is related to or competes with Neuropace, Inogen, SurModics, Pulmonx Corp, Axogen, Orthopediatrics Corp, and LivaNova PLC. Apyx Medical Corporation, an energy technology company, develops, manufactures, and sells medical devices in the cosmeti... More
Apyx 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 Apyx 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 Apyx Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 32.02 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 10.0 |
Apyx Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apyx Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apyx Medical's standard deviation. In reality, there are many statistical measures that can use Apyx Medical historical prices to predict the future Apyx Medical's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 0.4077 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | 0.6596 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Apyx Medical'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.
Apyx Medical Backtested Returns
Apyx Medical appears to be extremely dangerous, given 3 months investment horizon. Apyx Medical secures Sharpe Ratio (or Efficiency) of 0.089, which signifies that the company had a 0.089% return per unit of risk over the last 3 months. By analyzing Apyx Medical's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Apyx Medical's Downside Deviation of 3.6, risk adjusted performance of 0.0783, and Mean Deviation of 3.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Apyx Medical holds a performance score of 7. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Apyx Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apyx Medical is expected to be smaller as well. Please check Apyx Medical's semi variance, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Apyx Medical's price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Apyx Medical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Apyx Medical time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Apyx Medical price movement. The serial correlation of -0.2 indicates that over 20.0% of current Apyx Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Apyx Medical lagged returns against current returns
Autocorrelation, which is Apyx 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 Apyx Medical's stock expected returns. We can calculate the autocorrelation of Apyx Medical returns to help us make a trade decision. For example, suppose you find that Apyx 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 |
Apyx 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 Apyx Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apyx Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apyx Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Apyx Medical Lagged Returns
When evaluating Apyx Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apyx Medical stock have on its future price. Apyx 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, Apyx Medical autocorrelation shows the relationship between Apyx Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Apyx Medical.
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 Apyx Stock Analysis
When running Apyx Medical's price analysis, check to measure Apyx Medical'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 Apyx Medical is operating at the current time. Most of Apyx Medical's value examination focuses on studying past and present price action to predict the probability of Apyx Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apyx Medical's price. Additionally, you may evaluate how the addition of Apyx Medical to your portfolios can decrease your overall portfolio volatility.