MEDIPAL HOLDINGS (Germany) Market Value
| 59Z Stock | EUR 14.40 0.10 0.70% |
| Symbol | MEDIPAL |
MEDIPAL HOLDINGS '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 MEDIPAL HOLDINGS'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 MEDIPAL HOLDINGS.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in MEDIPAL HOLDINGS on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding MEDIPAL HOLDINGS P or generate 0.0% return on investment in MEDIPAL HOLDINGS over 240 days. MEDIPAL HOLDINGS is related to or competes with AmerisourceBergen, Cardinal Health, Henry Schein, Shanghai Pharmaceuticals, Sinopharm Group, SINOPHARM GROUP, and Prestige Consumer. Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business More
MEDIPAL HOLDINGS 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 MEDIPAL HOLDINGS'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 MEDIPAL HOLDINGS P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.04 |
MEDIPAL HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEDIPAL HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEDIPAL HOLDINGS's standard deviation. In reality, there are many statistical measures that can use MEDIPAL HOLDINGS historical prices to predict the future MEDIPAL HOLDINGS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.26) |
MEDIPAL HOLDINGS P Backtested Returns
MEDIPAL HOLDINGS P has Sharpe Ratio of -0.0909, which conveys that the firm had a -0.0909% return per unit of risk over the last 3 months. MEDIPAL HOLDINGS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEDIPAL HOLDINGS's mean deviation of 1.08, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEDIPAL HOLDINGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEDIPAL HOLDINGS is expected to be smaller as well. At this point, MEDIPAL HOLDINGS P has a negative expected return of -0.12%. Please make sure to verify MEDIPAL HOLDINGS's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if MEDIPAL HOLDINGS P performance from the past will be repeated in the future.
Auto-correlation | -0.55 |
Good reverse predictability
MEDIPAL HOLDINGS P has good reverse predictability. Overlapping area represents the amount of predictability between MEDIPAL HOLDINGS time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 MEDIPAL HOLDINGS P price movement. The serial correlation of -0.55 indicates that about 55.0% of current MEDIPAL HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
MEDIPAL HOLDINGS P lagged returns against current returns
Autocorrelation, which is MEDIPAL HOLDINGS 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 MEDIPAL HOLDINGS's stock expected returns. We can calculate the autocorrelation of MEDIPAL HOLDINGS returns to help us make a trade decision. For example, suppose you find that MEDIPAL HOLDINGS 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 |
MEDIPAL HOLDINGS 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 MEDIPAL HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEDIPAL HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEDIPAL HOLDINGS stock over time.
Current vs Lagged Prices |
| Timeline |
MEDIPAL HOLDINGS Lagged Returns
When evaluating MEDIPAL HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEDIPAL HOLDINGS stock have on its future price. MEDIPAL HOLDINGS 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, MEDIPAL HOLDINGS autocorrelation shows the relationship between MEDIPAL HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in MEDIPAL HOLDINGS P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MEDIPAL Stock
MEDIPAL HOLDINGS financial ratios help investors to determine whether MEDIPAL 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 MEDIPAL with respect to the benefits of owning MEDIPAL HOLDINGS security.