Electromedical Technologies Stock Market Value
| EMED Stock | USD 0.0003 0.0001 25.00% |
| Symbol | Electromedical |
Electromedical Technologies '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 Electromedical Technologies' pink sheet 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 Electromedical Technologies.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Electromedical Technologies on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Electromedical Technologies or generate 0.0% return on investment in Electromedical Technologies over 720 days. Electromedical Technologies is related to or competes with Cellink AB, Bone Biologics, BICO Group, Aurora Spine, and Tenon Medical. Electromedical Technologies, Inc., a bioelectronics manufacturing and marketing company, provides medical devices for pa... More
Electromedical Technologies 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 Electromedical Technologies' pink sheet 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 Electromedical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.85 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 73.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Electromedical Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electromedical Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electromedical Technologies' standard deviation. In reality, there are many statistical measures that can use Electromedical Technologies historical prices to predict the future Electromedical Technologies' volatility.| Risk Adjusted Performance | 0.0354 | |||
| Jensen Alpha | 0.4691 | |||
| Total Risk Alpha | 0.0658 | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | 0.2256 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electromedical Technologies' 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.
Electromedical Technologies Backtested Returns
Electromedical Technologies appears to be out of control, given 3 months investment horizon. Electromedical Technologies secures Sharpe Ratio (or Efficiency) of 0.0329, which denotes the company had a 0.0329% return per unit of risk over the last 3 months. By reviewing Electromedical Technologies' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Electromedical Technologies' Coefficient Of Variation of 3060.63, downside deviation of 25.85, and Mean Deviation of 9.67 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Electromedical Technologies holds a performance score of 2. The firm shows a Beta (market volatility) of 2.31, which means 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, Electromedical Technologies will likely underperform. Please check Electromedical Technologies' maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Electromedical Technologies' price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Electromedical Technologies has good predictability. Overlapping area represents the amount of predictability between Electromedical Technologies time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Electromedical Technologies price movement. The serial correlation of 0.7 indicates that around 70.0% of current Electromedical Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electromedical Technologies lagged returns against current returns
Autocorrelation, which is Electromedical Technologies pink sheet'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 Electromedical Technologies' pink sheet expected returns. We can calculate the autocorrelation of Electromedical Technologies returns to help us make a trade decision. For example, suppose you find that Electromedical Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Electromedical Technologies 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 Electromedical Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electromedical Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electromedical Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Electromedical Technologies Lagged Returns
When evaluating Electromedical Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electromedical Technologies pink sheet have on its future price. Electromedical Technologies 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, Electromedical Technologies autocorrelation shows the relationship between Electromedical Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Electromedical Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Electromedical Pink Sheet
Electromedical Technologies financial ratios help investors to determine whether Electromedical Pink Sheet 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 Electromedical with respect to the benefits of owning Electromedical Technologies security.