Inspire Medical (Germany) Market Value
| 2DR Stock | EUR 169.00 2.70 1.62% |
| Symbol | Inspire |
Inspire 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 Inspire 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 Inspire Medical.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Inspire Medical on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Inspire Medical Systems or generate 0.0% return on investment in Inspire Medical over 570 days. Inspire Medical is related to or competes with Abbott Laboratories, Abbott Laboratories, Medtronic PLC, Stryker, Boston Scientific, Siemens Healthineers, and Edwards Lifesciences. Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimal... More
Inspire 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 Inspire 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 Inspire Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.48 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 3.98 |
Inspire Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Medical's standard deviation. In reality, there are many statistical measures that can use Inspire Medical historical prices to predict the future Inspire Medical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.29) |
Inspire Medical Systems Backtested Returns
Inspire Medical Systems holds Efficiency (Sharpe) Ratio of -0.0309, which attests that the entity had a -0.0309 % return per unit of risk over the last 3 months. Inspire Medical Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inspire Medical's Standard Deviation of 2.82, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.28) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inspire Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inspire Medical is expected to be smaller as well. At this point, Inspire Medical Systems has a negative expected return of -0.0869%. Please make sure to check out Inspire Medical's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Inspire Medical Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Inspire Medical Systems has below average predictability. Overlapping area represents the amount of predictability between Inspire Medical time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Inspire Medical Systems price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Inspire Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 734.8 |
Inspire Medical Systems lagged returns against current returns
Autocorrelation, which is Inspire 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 Inspire Medical's stock expected returns. We can calculate the autocorrelation of Inspire Medical returns to help us make a trade decision. For example, suppose you find that Inspire 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 |
Inspire 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 Inspire Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Inspire Medical Lagged Returns
When evaluating Inspire Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Medical stock have on its future price. Inspire 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, Inspire Medical autocorrelation shows the relationship between Inspire Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Inspire Medical Systems.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Inspire Stock
When determining whether Inspire Medical Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Inspire Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Inspire Medical Systems Stock. Highlighted below are key reports to facilitate an investment decision about Inspire Medical Systems Stock:Check out Inspire Medical Correlation, Inspire Medical Volatility and Inspire Medical Alpha and Beta module to complement your research on Inspire Medical. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Inspire 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.