EMvision Medical (Australia) Market Value
| EMV Stock | 1.86 0.22 10.58% |
| Symbol | EMvision |
EMvision 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 EMvision 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 EMvision Medical.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in EMvision Medical on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding EMvision Medical Devices or generate 0.0% return on investment in EMvision Medical over 90 days. EMvision Medical is related to or competes with Auctus Alternative, REGAL ASIAN, FireFly Metals, and Aurelia Metals. EMvision Medical is entity of Australia. It is traded as Stock on AU exchange. More
EMvision 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 EMvision 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 EMvision Medical Devices upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 4.23 |
EMvision Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMvision Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMvision Medical's standard deviation. In reality, there are many statistical measures that can use EMvision Medical historical prices to predict the future EMvision Medical's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.00) |
EMvision Medical Devices Backtested Returns
EMvision Medical Devices secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of risk over the last 3 months. EMvision Medical Devices exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMvision Medical's Standard Deviation of 2.67, variance of 7.14, and Mean Deviation of 1.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0846, which means not very significant fluctuations relative to the market. As returns on the market increase, EMvision Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding EMvision Medical is expected to be smaller as well. At this point, EMvision Medical Devices has a negative expected return of -0.0261%. Please make sure to confirm EMvision Medical's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if EMvision Medical Devices performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
EMvision Medical Devices has very weak reverse predictability. Overlapping area represents the amount of predictability between EMvision Medical time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 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 EMvision Medical Devices price movement. The serial correlation of -0.1 indicates that less than 10.0% of current EMvision Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EMvision Medical Devices lagged returns against current returns
Autocorrelation, which is EMvision 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 EMvision Medical's stock expected returns. We can calculate the autocorrelation of EMvision Medical returns to help us make a trade decision. For example, suppose you find that EMvision 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 |
EMvision 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 EMvision Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMvision Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMvision Medical stock over time.
Current vs Lagged Prices |
| Timeline |
EMvision Medical Lagged Returns
When evaluating EMvision Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMvision Medical stock have on its future price. EMvision 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, EMvision Medical autocorrelation shows the relationship between EMvision Medical stock current value and its past values and can show if there is a momentum factor associated with investing in EMvision Medical Devices.
Regressed Prices |
| Timeline |
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Additional Tools for EMvision Stock Analysis
When running EMvision Medical's price analysis, check to measure EMvision 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 EMvision Medical is operating at the current time. Most of EMvision Medical's value examination focuses on studying past and present price action to predict the probability of EMvision 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 EMvision Medical's price. Additionally, you may evaluate how the addition of EMvision Medical to your portfolios can decrease your overall portfolio volatility.