Med Life (Romania) Market Value
| M Stock | 5.81 0.17 2.84% |
| Symbol | Med |
Please note, there is a significant difference between Med Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Med Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Med Life'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.
Med Life '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 Med Life'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 Med Life.
| 01/12/2022 |
| 12/27/2024 |
If you would invest 0.00 in Med Life on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding Med Life SA or generate 0.0% return on investment in Med Life over 1080 days. More
Med Life 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 Med Life'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 Med Life SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.43 |
Med Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Med Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Med Life's standard deviation. In reality, there are many statistical measures that can use Med Life historical prices to predict the future Med Life's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.34) |
Med Life SA Backtested Returns
Med Life SA has Sharpe Ratio of -0.028, which conveys that the firm had a -0.028% return per unit of risk over the last 3 months. Med Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Med Life's Standard Deviation of 2.11, insignificant risk adjusted performance, and Mean Deviation of 1.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Med Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Med Life is expected to be smaller as well. At this point, Med Life SA has a negative expected return of -0.0608%. Please make sure to verify Med Life's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Med Life SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Med Life SA has weak reverse predictability. Overlapping area represents the amount of predictability between Med Life time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th 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 Med Life SA price movement. The serial correlation of -0.22 indicates that over 22.0% of current Med Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 40.01 |
Med Life SA lagged returns against current returns
Autocorrelation, which is Med Life 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 Med Life's stock expected returns. We can calculate the autocorrelation of Med Life returns to help us make a trade decision. For example, suppose you find that Med Life 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 |
Med Life 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 Med Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Med Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Med Life stock over time.
Current vs Lagged Prices |
| Timeline |
Med Life Lagged Returns
When evaluating Med Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Med Life stock have on its future price. Med Life 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, Med Life autocorrelation shows the relationship between Med Life stock current value and its past values and can show if there is a momentum factor associated with investing in Med Life SA.
Regressed Prices |
| Timeline |
Pair Trading with Med Life
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 Med Life 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 Med Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Med Stock
The ability to find closely correlated positions to Med Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Med Life 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 Med Life - 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 Med Life SA to buy it.
The correlation of Med Life 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 Med Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Med Life SA 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 Med Life 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.Other Information on Investing in Med Stock
Med Life financial ratios help investors to determine whether Med 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 Med with respect to the benefits of owning Med Life security.