Diagnostic Medical (France) Market Value
| ALDMS Stock | 0.76 0.02 2.56% |
| Symbol | Diagnostic |
Diagnostic 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 Diagnostic 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 Diagnostic Medical.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Diagnostic Medical on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Diagnostic Medical Systems or generate 0.0% return on investment in Diagnostic Medical over 30 days. Diagnostic Medical is related to or competes with X Fab, Affluent Medical, Kaufman Et, Veolia Environnement, Jacquet Metal, CMG Cleantech, and Entech SE. More
Diagnostic 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 Diagnostic 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 Diagnostic Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 6.02 |
Diagnostic Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diagnostic Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diagnostic Medical's standard deviation. In reality, there are many statistical measures that can use Diagnostic Medical historical prices to predict the future Diagnostic Medical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (34.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diagnostic Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diagnostic Medical Backtested Returns
Diagnostic Medical secures Sharpe Ratio (or Efficiency) of -0.0743, which denotes the company had a -0.0743% return per unit of standard deviation over the last 3 months. Diagnostic Medical Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diagnostic Medical's Mean Deviation of 2.23, standard deviation of 3.4, and Coefficient Of Variation of (1,146) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.009, which means not very significant fluctuations relative to the market. As returns on the market increase, Diagnostic Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diagnostic Medical is expected to be smaller as well. At this point, Diagnostic Medical has a negative expected return of -0.25%. Please make sure to confirm Diagnostic Medical's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Diagnostic Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Diagnostic Medical Systems has very weak reverse predictability. Overlapping area represents the amount of predictability between Diagnostic Medical time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Diagnostic Medical price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Diagnostic Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diagnostic Medical lagged returns against current returns
Autocorrelation, which is Diagnostic 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 Diagnostic Medical's stock expected returns. We can calculate the autocorrelation of Diagnostic Medical returns to help us make a trade decision. For example, suppose you find that Diagnostic 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 |
Diagnostic 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 Diagnostic Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diagnostic Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diagnostic Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Diagnostic Medical Lagged Returns
When evaluating Diagnostic Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diagnostic Medical stock have on its future price. Diagnostic 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, Diagnostic Medical autocorrelation shows the relationship between Diagnostic Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Diagnostic Medical Systems.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Diagnostic Stock Analysis
When running Diagnostic Medical's price analysis, check to measure Diagnostic Medical'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 Diagnostic Medical is operating at the current time. Most of Diagnostic Medical's value examination focuses on studying past and present price action to predict the probability of Diagnostic Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diagnostic Medical's price. Additionally, you may evaluate how the addition of Diagnostic Medical to your portfolios can decrease your overall portfolio volatility.