Edwards Lifesciences (Germany) Market Value
| EWL Stock | EUR 71.55 1.47 2.10% |
| Symbol | Edwards |
Edwards Lifesciences '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 Edwards Lifesciences' 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 Edwards Lifesciences.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Edwards Lifesciences on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Edwards Lifesciences or generate 0.0% return on investment in Edwards Lifesciences over 30 days. Edwards Lifesciences is related to or competes with Dairy Farm, Daito Trust, North American, QURATE RETAIL, AUST AGRICULTURAL, and Caseys General. Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monit... More
Edwards Lifesciences 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 Edwards Lifesciences' 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 Edwards Lifesciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.1288 | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 3.08 |
Edwards Lifesciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edwards Lifesciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edwards Lifesciences' standard deviation. In reality, there are many statistical measures that can use Edwards Lifesciences historical prices to predict the future Edwards Lifesciences' volatility.| Risk Adjusted Performance | 0.1227 | |||
| Jensen Alpha | 0.2336 | |||
| Total Risk Alpha | 0.1886 | |||
| Sortino Ratio | 0.1445 | |||
| Treynor Ratio | 4.2 |
Edwards Lifesciences Backtested Returns
Edwards Lifesciences appears to be very steady, given 3 months investment horizon. Edwards Lifesciences secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Edwards Lifesciences, which you can use to evaluate the volatility of the firm. Please utilize Edwards Lifesciences' Coefficient Of Variation of 674.09, mean deviation of 1.23, and Downside Deviation of 1.47 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Edwards Lifesciences holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0559, which means not very significant fluctuations relative to the market. As returns on the market increase, Edwards Lifesciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Edwards Lifesciences is expected to be smaller as well. Please check Edwards Lifesciences' downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether Edwards Lifesciences' price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Edwards Lifesciences has very weak reverse predictability. Overlapping area represents the amount of predictability between Edwards Lifesciences time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Edwards Lifesciences price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Edwards Lifesciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Edwards Lifesciences lagged returns against current returns
Autocorrelation, which is Edwards Lifesciences 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 Edwards Lifesciences' stock expected returns. We can calculate the autocorrelation of Edwards Lifesciences returns to help us make a trade decision. For example, suppose you find that Edwards Lifesciences 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 |
Edwards Lifesciences 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 Edwards Lifesciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edwards Lifesciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edwards Lifesciences stock over time.
Current vs Lagged Prices |
| Timeline |
Edwards Lifesciences Lagged Returns
When evaluating Edwards Lifesciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edwards Lifesciences stock have on its future price. Edwards Lifesciences 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, Edwards Lifesciences autocorrelation shows the relationship between Edwards Lifesciences stock current value and its past values and can show if there is a momentum factor associated with investing in Edwards Lifesciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Edwards Stock
Edwards Lifesciences financial ratios help investors to determine whether Edwards 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 Edwards with respect to the benefits of owning Edwards Lifesciences security.