Episurf Medical (Sweden) Market Value
| EPIS-B Stock | SEK 0.15 0.01 7.14% |
| Symbol | Episurf |
Episurf 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 Episurf 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 Episurf Medical.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Episurf Medical on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Episurf Medical AB or generate 0.0% return on investment in Episurf Medical over 180 days. Episurf Medical is related to or competes with Xvivo Perfusion, BICO Group, Stille AB, and SpectraCure. Episurf Medical AB , a medical device company, designs and manufactures implants and surgical instruments in the Nordic ... More
Episurf 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 Episurf 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 Episurf Medical AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 24.26 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Episurf Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Episurf Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Episurf Medical's standard deviation. In reality, there are many statistical measures that can use Episurf Medical historical prices to predict the future Episurf Medical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | 0.8662 |
Episurf Medical AB Backtested Returns
Episurf Medical AB secures Sharpe Ratio (or Efficiency) of -0.0534, which denotes the company had a -0.0534% return per unit of risk over the last 3 months. Episurf Medical AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Episurf Medical's Standard Deviation of 4.67, mean deviation of 2.93, and Variance of 21.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Episurf Medical are expected to decrease at a much lower rate. During the bear market, Episurf Medical is likely to outperform the market. At this point, Episurf Medical AB has a negative expected return of -0.25%. Please make sure to confirm Episurf Medical's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Episurf Medical AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Episurf Medical AB has below average predictability. Overlapping area represents the amount of predictability between Episurf Medical time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Episurf Medical AB price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Episurf Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Episurf Medical AB lagged returns against current returns
Autocorrelation, which is Episurf 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 Episurf Medical's stock expected returns. We can calculate the autocorrelation of Episurf Medical returns to help us make a trade decision. For example, suppose you find that Episurf 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 |
Episurf 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 Episurf Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Episurf Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Episurf Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Episurf Medical Lagged Returns
When evaluating Episurf Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Episurf Medical stock have on its future price. Episurf 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, Episurf Medical autocorrelation shows the relationship between Episurf Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Episurf Medical AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Episurf Stock
Episurf Medical financial ratios help investors to determine whether Episurf 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 Episurf with respect to the benefits of owning Episurf Medical security.