Medistim ASA (Norway) Market Value
| MEDI Stock | NOK 144.00 3.00 2.04% |
| Symbol | Medistim |
Medistim ASA '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 Medistim ASA'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 Medistim ASA.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Medistim ASA on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Medistim ASA or generate 0.0% return on investment in Medistim ASA over 30 days. Medistim ASA is related to or competes with Sparebank, Veidekke ASA, Sogn Sparebank, Romsdal Sparebank, and DnB ASA. Medistim ASA develops, produces, services, leases, and distributes medical devices for cardio-vascular surgery in the Un... More
Medistim ASA 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 Medistim ASA'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 Medistim ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.0 |
Medistim ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medistim ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medistim ASA's standard deviation. In reality, there are many statistical measures that can use Medistim ASA historical prices to predict the future Medistim ASA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (2.55) |
Medistim ASA Backtested Returns
Medistim ASA has Sharpe Ratio of -0.084, which conveys that the firm had a -0.084% return per unit of risk over the last 3 months. Medistim ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medistim ASA's Risk Adjusted Performance of (0.05), standard deviation of 2.7, and Mean Deviation of 1.99 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0886, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medistim ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medistim ASA is expected to be smaller as well. At this point, Medistim ASA has a negative expected return of -0.23%. Please make sure to verify Medistim ASA's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Medistim ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Medistim ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Medistim ASA time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Medistim ASA price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Medistim ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 51.85 |
Medistim ASA lagged returns against current returns
Autocorrelation, which is Medistim ASA 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 Medistim ASA's stock expected returns. We can calculate the autocorrelation of Medistim ASA returns to help us make a trade decision. For example, suppose you find that Medistim ASA 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 |
Medistim ASA 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 Medistim ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medistim ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medistim ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Medistim ASA Lagged Returns
When evaluating Medistim ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medistim ASA stock have on its future price. Medistim ASA 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, Medistim ASA autocorrelation shows the relationship between Medistim ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Medistim ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Medistim Stock
Medistim ASA financial ratios help investors to determine whether Medistim 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 Medistim with respect to the benefits of owning Medistim ASA security.