Imricor Medical (Australia) Market Value
| IMR Stock | 1.41 0.02 1.44% |
| Symbol | Imricor |
Imricor 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 Imricor 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 Imricor Medical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Imricor Medical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Imricor Medical Systems or generate 0.0% return on investment in Imricor Medical over 90 days. Imricor Medical is related to or competes with Ironbark Capital, Bank of Queensland, Perpetual Credit, Vulcan Steel, Sports Entertainment, and Viva Leisure. Imricor Medical is entity of Australia. It is traded as Stock on AU exchange. More
Imricor 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 Imricor 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 Imricor Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.4 | |||
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 23.48 | |||
| Value At Risk | (9.03) | |||
| Potential Upside | 8.82 |
Imricor Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imricor Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imricor Medical's standard deviation. In reality, there are many statistical measures that can use Imricor Medical historical prices to predict the future Imricor Medical's volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.6379 | |||
| Total Risk Alpha | 1.12 | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | 0.335 |
Imricor Medical Systems Backtested Returns
Imricor Medical appears to be dangerous, given 3 months investment horizon. Imricor Medical Systems holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. By evaluating Imricor Medical's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Imricor Medical's Downside Deviation of 5.4, market risk adjusted performance of 0.345, and Risk Adjusted Performance of 0.0922 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Imricor Medical holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.44, which attests to 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, Imricor Medical will likely underperform. Please check Imricor Medical's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Imricor Medical's current trending patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Imricor Medical Systems has poor predictability. Overlapping area represents the amount of predictability between Imricor Medical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Imricor Medical Systems price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Imricor Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Imricor Medical Systems lagged returns against current returns
Autocorrelation, which is Imricor 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 Imricor Medical's stock expected returns. We can calculate the autocorrelation of Imricor Medical returns to help us make a trade decision. For example, suppose you find that Imricor 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 |
Imricor 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 Imricor Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imricor Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imricor Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Imricor Medical Lagged Returns
When evaluating Imricor Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imricor Medical stock have on its future price. Imricor 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, Imricor Medical autocorrelation shows the relationship between Imricor Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Imricor Medical Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Imricor Stock Analysis
When running Imricor Medical's price analysis, check to measure Imricor 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 Imricor Medical is operating at the current time. Most of Imricor Medical's value examination focuses on studying past and present price action to predict the probability of Imricor 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 Imricor Medical's price. Additionally, you may evaluate how the addition of Imricor Medical to your portfolios can decrease your overall portfolio volatility.