Select Medical (Germany) Market Value
| S24 Stock | EUR 19.50 0.30 1.56% |
| Symbol | Select |
Select 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 Select 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 Select Medical.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Select Medical on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Select Medical Holdings or generate 0.0% return on investment in Select Medical over 360 days. Select Medical is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates critical illness recov... More
Select 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 Select 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 Select Medical Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 54.92 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.88 |
Select Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Medical's standard deviation. In reality, there are many statistical measures that can use Select Medical historical prices to predict the future Select Medical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.51) | |||
| Treynor Ratio | (1.20) |
Select Medical Holdings Backtested Returns
Select Medical Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0877, which indicates the firm had a -0.0877% return per unit of risk over the last 3 months. Select Medical Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Select Medical's Risk Adjusted Performance of (0.06), coefficient of variation of (1,149), and Variance of 34.99 to confirm the risk estimate we provide. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Select Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Select Medical is expected to be smaller as well. At this point, Select Medical Holdings has a negative expected return of -0.52%. Please make sure to validate Select Medical's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Select Medical Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Select Medical Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Select Medical time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Select Medical Holdings price movement. The serial correlation of -0.01 indicates that just 1.0% of current Select Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 6.83 |
Select Medical Holdings lagged returns against current returns
Autocorrelation, which is Select 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 Select Medical's stock expected returns. We can calculate the autocorrelation of Select Medical returns to help us make a trade decision. For example, suppose you find that Select 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 |
Select 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 Select Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Select Medical Lagged Returns
When evaluating Select Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Medical stock have on its future price. Select 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, Select Medical autocorrelation shows the relationship between Select Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Select Medical Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Select Stock
When determining whether Select Medical Holdings is a strong investment it is important to analyze Select Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Select Medical's future performance. For an informed investment choice regarding Select Stock, refer to the following important reports:Check out Select Medical Correlation, Select Medical Volatility and Select Medical Alpha and Beta module to complement your research on Select Medical. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Select Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.