Medacta Group (Switzerland) Market Value
| MOVE Stock | 110.60 0.20 0.18% |
| Symbol | Medacta |
Medacta Group '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 Medacta Group'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 Medacta Group.
| 01/25/2023 |
| 12/15/2024 |
If you would invest 0.00 in Medacta Group on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding Medacta Group SA or generate 0.0% return on investment in Medacta Group over 690 days. Medacta Group is related to or competes with Medartis Holding, Bachem Holding, Sonova H, VAT Group, and Straumann Holding. More
Medacta Group 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 Medacta Group'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 Medacta Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.32 |
Medacta Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medacta Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medacta Group's standard deviation. In reality, there are many statistical measures that can use Medacta Group historical prices to predict the future Medacta Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (1.03) |
Medacta Group SA Backtested Returns
Medacta Group SA has Sharpe Ratio of -0.0935, which conveys that the firm had a -0.0935% return per unit of risk over the last 3 months. Medacta Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medacta Group's Mean Deviation of 1.3, standard deviation of 1.68, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Medacta Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medacta Group is expected to be smaller as well. At this point, Medacta Group SA has a negative expected return of -0.16%. Please make sure to verify Medacta Group's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Medacta Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Medacta Group SA has weak reverse predictability. Overlapping area represents the amount of predictability between Medacta Group time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 to 15th 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 Medacta Group SA price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Medacta Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 37.61 |
Medacta Group SA lagged returns against current returns
Autocorrelation, which is Medacta Group 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 Medacta Group's stock expected returns. We can calculate the autocorrelation of Medacta Group returns to help us make a trade decision. For example, suppose you find that Medacta Group 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 |
Medacta Group 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 Medacta Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medacta Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medacta Group stock over time.
Current vs Lagged Prices |
| Timeline |
Medacta Group Lagged Returns
When evaluating Medacta Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medacta Group stock have on its future price. Medacta Group 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, Medacta Group autocorrelation shows the relationship between Medacta Group stock current value and its past values and can show if there is a momentum factor associated with investing in Medacta Group SA.
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 Medacta Stock Analysis
When running Medacta Group's price analysis, check to measure Medacta Group'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 Medacta Group is operating at the current time. Most of Medacta Group's value examination focuses on studying past and present price action to predict the probability of Medacta Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medacta Group's price. Additionally, you may evaluate how the addition of Medacta Group to your portfolios can decrease your overall portfolio volatility.