Deltex Medical (UK) Market Value
| DEMG Stock | 0.08 0.01 6.67% |
| Symbol | Deltex |
Deltex 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 Deltex 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 Deltex Medical.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Deltex Medical on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Deltex Medical Group or generate 0.0% return on investment in Deltex Medical over 30 days. Deltex Medical is related to or competes with Toyota, SoftBank Group, State Bank, and MOL Hungarian. Deltex Medical is entity of United Kingdom More
Deltex 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 Deltex 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 Deltex Medical Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 13.64 | |||
| Value At Risk | (7.69) |
Deltex Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deltex Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deltex Medical's standard deviation. In reality, there are many statistical measures that can use Deltex Medical historical prices to predict the future Deltex Medical's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (1.76) |
Deltex Medical Group Backtested Returns
Deltex Medical Group secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of risk over the last 3 months. Deltex Medical Group exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deltex Medical's Mean Deviation of 1.63, variance of 8.69, and Standard Deviation of 2.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Deltex Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deltex Medical is expected to be smaller as well. At this point, Deltex Medical Group has a negative expected return of -0.71%. Please make sure to confirm Deltex Medical's variance, jensen alpha, value at risk, as well as the relationship between the information ratio and total risk alpha , to decide if Deltex Medical Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Deltex Medical Group has modest predictability. Overlapping area represents the amount of predictability between Deltex Medical time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Deltex Medical Group price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Deltex Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deltex Medical Group lagged returns against current returns
Autocorrelation, which is Deltex 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 Deltex Medical's stock expected returns. We can calculate the autocorrelation of Deltex Medical returns to help us make a trade decision. For example, suppose you find that Deltex 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 |
Deltex 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 Deltex Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deltex Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deltex Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Deltex Medical Lagged Returns
When evaluating Deltex Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deltex Medical stock have on its future price. Deltex 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, Deltex Medical autocorrelation shows the relationship between Deltex Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Deltex Medical Group.
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 Deltex Stock Analysis
When running Deltex Medical's price analysis, check to measure Deltex 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 Deltex Medical is operating at the current time. Most of Deltex Medical's value examination focuses on studying past and present price action to predict the probability of Deltex 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 Deltex Medical's price. Additionally, you may evaluate how the addition of Deltex Medical to your portfolios can decrease your overall portfolio volatility.