Inspire Medical Systems Stock Market Value
| INSP Stock | USD 194.00 4.87 2.57% |
| Symbol | Inspire |
Inspire Medical Systems Price To Book Ratio
Is Health Care Technology 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 Inspire Medical. If investors know Inspire 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 Inspire Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.682 | Earnings Share 1.11 | Revenue Per Share 25.453 | Quarterly Revenue Growth 0.325 | Return On Assets 0.0118 |
The market value of Inspire Medical Systems is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Medical's value that differs from its market value or its book value, called intrinsic value, which is Inspire 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 Inspire Medical's market value can be influenced by many factors that don't directly affect Inspire 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 Inspire Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire 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.
Inspire 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 Inspire 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 Inspire Medical.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Inspire Medical on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Inspire Medical Systems or generate 0.0% return on investment in Inspire Medical over 570 days. Inspire Medical is related to or competes with TransMedics, Inari Medical, InMode, Insulet, Glaukos Corp, Tandem Diabetes, and DexCom. Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimal... More
Inspire 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 Inspire 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 Inspire Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 5.61 |
Inspire Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Medical's standard deviation. In reality, there are many statistical measures that can use Inspire Medical historical prices to predict the future Inspire Medical's volatility.| Risk Adjusted Performance | 0.0305 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0485 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inspire 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.
Inspire Medical Systems Backtested Returns
Currently, Inspire Medical Systems is very steady. Inspire Medical Systems holds Efficiency (Sharpe) Ratio of 0.061, which attests that the entity had a 0.061% return per unit of risk over the last 3 months. We have found thirty technical indicators for Inspire Medical Systems, which you can use to evaluate the volatility of the firm. Please check out Inspire Medical's Downside Deviation of 2.9, risk adjusted performance of 0.0305, and Market Risk Adjusted Performance of 0.0585 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Inspire Medical has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.73, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Inspire Medical will likely underperform. Inspire Medical Systems right now retains a risk of 3.19%. Please check out Inspire Medical skewness, and the relationship between the value at risk and day median price , to decide if Inspire Medical will be following its current trending patterns.
Auto-correlation | 0.37 |
Below average predictability
Inspire Medical Systems has below average predictability. Overlapping area represents the amount of predictability between Inspire Medical time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Inspire Medical Systems price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Inspire Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 906.41 |
Inspire Medical Systems lagged returns against current returns
Autocorrelation, which is Inspire 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 Inspire Medical's stock expected returns. We can calculate the autocorrelation of Inspire Medical returns to help us make a trade decision. For example, suppose you find that Inspire 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 |
Inspire 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 Inspire Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Inspire Medical Lagged Returns
When evaluating Inspire Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Medical stock have on its future price. Inspire 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, Inspire Medical autocorrelation shows the relationship between Inspire Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Inspire Medical Systems.
Regressed Prices |
| Timeline |
Pair Trading with Inspire Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inspire Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inspire Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Inspire Stock
| 0.62 | DXCM | DexCom Inc | PairCorr |
| 0.59 | LH | Laboratory | PairCorr |
| 0.54 | VREX | Varex Imaging Corp | PairCorr |
| 0.48 | GH | Guardant Health | PairCorr |
| 0.43 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Inspire Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inspire Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inspire Medical Systems to buy it.
The correlation of Inspire Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inspire Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Medical Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inspire Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Inspire Stock Analysis
When running Inspire Medical's price analysis, check to measure Inspire 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 Inspire Medical is operating at the current time. Most of Inspire Medical's value examination focuses on studying past and present price action to predict the probability of Inspire 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 Inspire Medical's price. Additionally, you may evaluate how the addition of Inspire Medical to your portfolios can decrease your overall portfolio volatility.