Semler Scientific Stock Market Value
| SMLR Stock | USD 62.69 1.35 2.20% |
| Symbol | Semler |
Semler Scientific Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Semler Scientific. If investors know Semler will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Semler Scientific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.014 | Earnings Share 2.04 | Revenue Per Share 8.514 | Quarterly Revenue Growth (0.17) | Return On Assets 0.146 |
The market value of Semler Scientific is measured differently than its book value, which is the value of Semler that is recorded on the company's balance sheet. Investors also form their own opinion of Semler Scientific's value that differs from its market value or its book value, called intrinsic value, which is Semler Scientific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Semler Scientific's market value can be influenced by many factors that don't directly affect Semler Scientific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Semler Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Semler Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Semler Scientific'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.
Semler Scientific '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 Semler Scientific'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 Semler Scientific.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Semler Scientific on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Semler Scientific or generate 0.0% return on investment in Semler Scientific over 150 days. Semler Scientific is related to or competes with Avita Medical, and Inogen. Semler Scientific, Inc. provides technology solutions to improve the clinical effectiveness and efficiency of healthcare... More
Semler Scientific 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 Semler Scientific'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 Semler Scientific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.66 | |||
| Information Ratio | 0.1987 | |||
| Maximum Drawdown | 44.97 | |||
| Value At Risk | (9.07) | |||
| Potential Upside | 16.06 |
Semler Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Semler Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Semler Scientific's standard deviation. In reality, there are many statistical measures that can use Semler Scientific historical prices to predict the future Semler Scientific's volatility.| Risk Adjusted Performance | 0.17 | |||
| Jensen Alpha | 1.62 | |||
| Total Risk Alpha | 1.44 | |||
| Sortino Ratio | 0.2946 | |||
| Treynor Ratio | 0.5721 |
Semler Scientific Backtested Returns
Semler Scientific is not too volatile given 3 months investment horizon. Semler Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use Semler Scientific Semi Deviation of 4.72, coefficient of variation of 493.4, and Risk Adjusted Performance of 0.17 to evaluate company specific risk that cannot be diversified away. Semler Scientific holds a performance score of 18 on a scale of zero to a hundred. The entity has a beta of 2.95, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Semler Scientific will likely underperform. Use Semler Scientific value at risk, as well as the relationship between the kurtosis and market facilitation index , to analyze future returns on Semler Scientific.
Auto-correlation | -0.82 |
Excellent reverse predictability
Semler Scientific has excellent reverse predictability. Overlapping area represents the amount of predictability between Semler Scientific time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 Semler Scientific price movement. The serial correlation of -0.82 indicates that around 82.0% of current Semler Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 268.57 |
Semler Scientific lagged returns against current returns
Autocorrelation, which is Semler Scientific 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 Semler Scientific's stock expected returns. We can calculate the autocorrelation of Semler Scientific returns to help us make a trade decision. For example, suppose you find that Semler Scientific 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 |
Semler Scientific 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 Semler Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Semler Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Semler Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Semler Scientific Lagged Returns
When evaluating Semler Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Semler Scientific stock have on its future price. Semler Scientific 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, Semler Scientific autocorrelation shows the relationship between Semler Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Semler Scientific.
Regressed Prices |
| Timeline |
Pair Trading with Semler Scientific
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 Semler Scientific 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 Semler Scientific will appreciate offsetting losses from the drop in the long position's value.Moving together with Semler Stock
Moving against Semler Stock
| 0.88 | DRIO | DarioHealth Corp | PairCorr |
| 0.78 | EDAP | EDAP TMS SA | PairCorr |
| 0.73 | VERO | Venus Concept | PairCorr |
| 0.61 | CI | Cigna Corp | PairCorr |
| 0.36 | VTAK | Catheter Precision | PairCorr |
The ability to find closely correlated positions to Semler Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Semler Scientific 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 Semler Scientific - 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 Semler Scientific to buy it.
The correlation of Semler Scientific 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 Semler Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Semler Scientific 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 Semler Scientific 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.Additional Tools for Semler Stock Analysis
When running Semler Scientific's price analysis, check to measure Semler Scientific'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 Semler Scientific is operating at the current time. Most of Semler Scientific's value examination focuses on studying past and present price action to predict the probability of Semler Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Semler Scientific's price. Additionally, you may evaluate how the addition of Semler Scientific to your portfolios can decrease your overall portfolio volatility.