Medartis Holding (Switzerland) Market Value
| MED Stock | 54.50 0.40 0.74% |
| Symbol | Medartis |
Medartis Holding '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 Medartis Holding'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 Medartis Holding.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Medartis Holding on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Medartis Holding AG or generate 0.0% return on investment in Medartis Holding over 180 days. Medartis Holding is related to or competes with Bachem Holding, Sonova H, VAT Group, and Straumann Holding. More
Medartis Holding 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 Medartis Holding'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 Medartis Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.51 |
Medartis Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medartis Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medartis Holding's standard deviation. In reality, there are many statistical measures that can use Medartis Holding historical prices to predict the future Medartis Holding's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (1.22) |
Medartis Holding Backtested Returns
Medartis Holding has Sharpe Ratio of -0.0166, which conveys that the firm had a -0.0166% return per unit of risk over the last 3 months. Medartis Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medartis Holding's Risk Adjusted Performance of (0.01), standard deviation of 2.96, and Mean Deviation of 2.05 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0504, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medartis Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medartis Holding is expected to be smaller as well. At this point, Medartis Holding has a negative expected return of -0.049%. Please make sure to verify Medartis Holding's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Medartis Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Medartis Holding AG has modest predictability. Overlapping area represents the amount of predictability between Medartis Holding time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Medartis Holding price movement. The serial correlation of 0.5 indicates that about 50.0% of current Medartis Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 8.87 |
Medartis Holding lagged returns against current returns
Autocorrelation, which is Medartis Holding 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 Medartis Holding's stock expected returns. We can calculate the autocorrelation of Medartis Holding returns to help us make a trade decision. For example, suppose you find that Medartis Holding 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 |
Medartis Holding 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 Medartis Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medartis Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medartis Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Medartis Holding Lagged Returns
When evaluating Medartis Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medartis Holding stock have on its future price. Medartis Holding 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, Medartis Holding autocorrelation shows the relationship between Medartis Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Medartis Holding AG.
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 Medartis Stock Analysis
When running Medartis Holding's price analysis, check to measure Medartis Holding'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 Medartis Holding is operating at the current time. Most of Medartis Holding's value examination focuses on studying past and present price action to predict the probability of Medartis Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medartis Holding's price. Additionally, you may evaluate how the addition of Medartis Holding to your portfolios can decrease your overall portfolio volatility.