ONWARD MEDICAL (Germany) Market Value
| 63E Stock | 4.46 0.02 0.45% |
| Symbol | ONWARD |
ONWARD 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 ONWARD 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 ONWARD MEDICAL.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ONWARD MEDICAL on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ONWARD MEDICAL BV or generate 0.0% return on investment in ONWARD MEDICAL over 30 days. ONWARD MEDICAL is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, Talanx AG, and Identiv. More
ONWARD 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 ONWARD 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 ONWARD MEDICAL BV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (7.23) | |||
| Potential Upside | 7.37 |
ONWARD MEDICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ONWARD MEDICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ONWARD MEDICAL's standard deviation. In reality, there are many statistical measures that can use ONWARD MEDICAL historical prices to predict the future ONWARD MEDICAL's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 12.86 |
ONWARD MEDICAL BV Backtested Returns
At this point, ONWARD MEDICAL is moderately volatile. ONWARD MEDICAL BV maintains Sharpe Ratio (i.e., Efficiency) of 0.0138, which implies the firm had a 0.0138% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for ONWARD MEDICAL BV, which you can use to evaluate the volatility of the company. Please check ONWARD MEDICAL's Market Risk Adjusted Performance of 12.87, coefficient of variation of (4,558), and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0465%. ONWARD MEDICAL has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.0067, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ONWARD MEDICAL are expected to decrease at a much lower rate. During the bear market, ONWARD MEDICAL is likely to outperform the market. ONWARD MEDICAL BV presently holds a risk of 3.38%. Please check ONWARD MEDICAL BV treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if ONWARD MEDICAL BV will be following its historical price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
ONWARD MEDICAL BV has weak reverse predictability. Overlapping area represents the amount of predictability between ONWARD MEDICAL time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 ONWARD MEDICAL BV price movement. The serial correlation of -0.23 indicates that over 23.0% of current ONWARD MEDICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ONWARD MEDICAL BV lagged returns against current returns
Autocorrelation, which is ONWARD 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 ONWARD MEDICAL's stock expected returns. We can calculate the autocorrelation of ONWARD MEDICAL returns to help us make a trade decision. For example, suppose you find that ONWARD 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 |
ONWARD 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 ONWARD MEDICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ONWARD MEDICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ONWARD MEDICAL stock over time.
Current vs Lagged Prices |
| Timeline |
ONWARD MEDICAL Lagged Returns
When evaluating ONWARD MEDICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ONWARD MEDICAL stock have on its future price. ONWARD 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, ONWARD MEDICAL autocorrelation shows the relationship between ONWARD MEDICAL stock current value and its past values and can show if there is a momentum factor associated with investing in ONWARD MEDICAL BV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ONWARD Stock
ONWARD MEDICAL financial ratios help investors to determine whether ONWARD 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 ONWARD with respect to the benefits of owning ONWARD MEDICAL security.