Peijia Medical's market value is the price at which a share of Peijia Medical trades on a public exchange. It measures the collective expectations of Peijia Medical Limited investors about its performance. Peijia Medical is trading at 0.45 as of the 6th of January 2025. This is a 2.17 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.45. With this module, you can estimate the performance of a buy and hold strategy of Peijia Medical Limited and determine expected loss or profit from investing in Peijia Medical over a given investment horizon. Check out Peijia Medical Correlation, Peijia Medical Volatility and Peijia Medical Alpha and Beta module to complement your research on Peijia Medical.
Please note, there is a significant difference between Peijia Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Peijia Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Peijia Medical'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.
Peijia 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 Peijia 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 Peijia Medical.
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04/11/2024
No Change 0.00
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In 8 months and 28 days
01/06/2025
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If you would invest 0.00 in Peijia Medical on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Peijia Medical Limited or generate 0.0% return on investment in Peijia Medical over 270 days. Peijia Medical is related to or competes with CITIC Telecom, THAI BEVERAGE, Lifeway Foods, Cairo Communication, Entravision Communications, Ribbon Communications, and GWILLI FOOD. Peijia Medical Limited engages in the research, development, production, and sales of interventional procedural medical ... More
Peijia 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 Peijia 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 Peijia Medical Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Peijia Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Peijia Medical's standard deviation. In reality, there are many statistical measures that can use Peijia Medical historical prices to predict the future Peijia Medical's volatility.
At this point, Peijia Medical is abnormally volatile. Peijia Medical maintains Sharpe Ratio (i.e., Efficiency) of 0.0506, which implies the firm had a 0.0506% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Peijia Medical, which you can use to evaluate the volatility of the company. Please check Peijia Medical's Risk Adjusted Performance of 0.0634, coefficient of variation of 1474.77, and Semi Deviation of 4.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Peijia Medical has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -1.42, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Peijia Medical are expected to decrease by larger amounts. On the other hand, during market turmoil, Peijia Medical is expected to outperform it. Peijia Medical right now holds a risk of 3.38%. Please check Peijia Medical jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Peijia Medical will be following its historical price patterns.
Auto-correlation
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No correlation between past and present
Peijia Medical Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Peijia Medical time series from 11th of April 2024 to 24th of August 2024 and 24th of August 2024 to 6th 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 Peijia Medical price movement. The serial correlation of 0.0 indicates that just 0.0% of current Peijia Medical price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.12
Residual Average
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Price Variance
0.03
Peijia Medical lagged returns against current returns
Autocorrelation, which is Peijia 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 Peijia Medical's stock expected returns. We can calculate the autocorrelation of Peijia Medical returns to help us make a trade decision. For example, suppose you find that Peijia 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
Peijia 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 Peijia Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Peijia Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Peijia Medical stock over time.
Current vs Lagged Prices
Timeline
Peijia Medical Lagged Returns
When evaluating Peijia Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Peijia Medical stock have on its future price. Peijia 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, Peijia Medical autocorrelation shows the relationship between Peijia Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Peijia Medical Limited.
Peijia Medical financial ratios help investors to determine whether Peijia 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 Peijia with respect to the benefits of owning Peijia Medical security.