Beyond Medical Technologies Stock Market Value
| DOCKF Stock | USD 0.07 0.00 0.00% |
| Symbol | Beyond |
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Beyond Medical. If investors know Beyond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Beyond Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Beyond Medical Techn is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond Medical's value that differs from its market value or its book value, called intrinsic value, which is Beyond Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Beyond Medical's market value can be influenced by many factors that don't directly affect Beyond Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Beyond Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond 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.
Beyond 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 Beyond 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 Beyond Medical.
| 10/02/2024 |
| 03/31/2025 |
If you would invest 0.00 in Beyond Medical on October 2, 2024 and sell it all today you would earn a total of 0.00 from holding Beyond Medical Technologies or generate 0.0% return on investment in Beyond Medical over 180 days. Beyond Medical is related to or competes with Mills Music, Dyadic International, Tencent Music, Vulcan Materials, and Clearmind Medicine. Beyond Medical Technologies Inc. engages in the manufacturing and distribution of personal protective equipment in Canad... More
Beyond 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 Beyond 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 Beyond Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 1018.18 |
Beyond Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beyond Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beyond Medical's standard deviation. In reality, there are many statistical measures that can use Beyond Medical historical prices to predict the future Beyond Medical's volatility.| Risk Adjusted Performance | 0.1098 | |||
| Jensen Alpha | 15.27 | |||
| Total Risk Alpha | 22.54 | |||
| Treynor Ratio | 1.26 |
Beyond Medical Techn Backtested Returns
Beyond Medical is out of control given 3 months investment horizon. Beyond Medical Techn secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We were able to collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 14.89% are justified by taking the suggested risk. Use Beyond Medical Mean Deviation of 32.07, standard deviation of 125.96, and Risk Adjusted Performance of 0.1098 to evaluate company specific risk that cannot be diversified away. Beyond Medical holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 11.64, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Beyond Medical will likely underperform. Use Beyond Medical standard deviation and the relationship between the treynor ratio and day typical price , to analyze future returns on Beyond Medical.
Auto-correlation | -0.29 |
Weak reverse predictability
Beyond Medical Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Beyond Medical time series from 2nd of October 2024 to 31st of December 2024 and 31st of December 2024 to 31st of March 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 Beyond Medical Techn price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Beyond Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beyond Medical Techn lagged returns against current returns
Autocorrelation, which is Beyond 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 Beyond Medical's stock expected returns. We can calculate the autocorrelation of Beyond Medical returns to help us make a trade decision. For example, suppose you find that Beyond 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 |
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Beyond 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 Beyond Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beyond Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beyond Medical stock over time.
Current vs Lagged Prices |
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Beyond Medical Lagged Returns
When evaluating Beyond Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beyond Medical stock have on its future price. Beyond 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, Beyond Medical autocorrelation shows the relationship between Beyond Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Beyond Medical Technologies.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Beyond Medical Techn is a strong investment it is important to analyze Beyond Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Beyond Medical's future performance. For an informed investment choice regarding Beyond Stock, refer to the following important reports:Check out Beyond Medical Correlation, Beyond Medical Volatility and Beyond Medical Alpha and Beta module to complement your research on Beyond Medical. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Beyond 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.