SCANDMEDICAL SOLDK (Germany) Market Value
| K41 Stock | 0.70 0.01 1.45% |
| Symbol | SCANDMEDICAL |
SCANDMEDICAL SOLDK '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 SCANDMEDICAL SOLDK'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 SCANDMEDICAL SOLDK.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in SCANDMEDICAL SOLDK on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding SCANDMEDICAL SOLDK 040 or generate 0.0% return on investment in SCANDMEDICAL SOLDK over 90 days. SCANDMEDICAL SOLDK is related to or competes with Universal Display, Comba Telecom, UNIVERSAL DISPLAY, and UNIVMUSIC GRPADR/050. More
SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK'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 SCANDMEDICAL SOLDK 040 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.11 |
SCANDMEDICAL SOLDK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCANDMEDICAL SOLDK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCANDMEDICAL SOLDK's standard deviation. In reality, there are many statistical measures that can use SCANDMEDICAL SOLDK historical prices to predict the future SCANDMEDICAL SOLDK's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.1356 | |||
| Treynor Ratio | (5.13) |
SCANDMEDICAL SOLDK 040 Backtested Returns
SCANDMEDICAL SOLDK 040 retains Efficiency (Sharpe Ratio) of -0.0216, which indicates the company had a -0.0216 % return per unit of risk over the last 3 months. SCANDMEDICAL SOLDK exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCANDMEDICAL SOLDK's Coefficient Of Variation of (1,752), market risk adjusted performance of (5.12), and Information Ratio of (0.01) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0257, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCANDMEDICAL SOLDK's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCANDMEDICAL SOLDK is expected to be smaller as well. At this point, SCANDMEDICAL SOLDK 040 has a negative expected return of -0.0469%. Please make sure to validate SCANDMEDICAL SOLDK's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if SCANDMEDICAL SOLDK 040 performance from the past will be repeated in the future.
Auto-correlation | 0.07 |
Virtually no predictability
SCANDMEDICAL SOLDK 040 has virtually no predictability. Overlapping area represents the amount of predictability between SCANDMEDICAL SOLDK time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 SCANDMEDICAL SOLDK 040 price movement. The serial correlation of 0.07 indicates that barely 7.0% of current SCANDMEDICAL SOLDK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SCANDMEDICAL SOLDK 040 lagged returns against current returns
Autocorrelation, which is SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK's stock expected returns. We can calculate the autocorrelation of SCANDMEDICAL SOLDK returns to help us make a trade decision. For example, suppose you find that SCANDMEDICAL SOLDK 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 |
SCANDMEDICAL SOLDK 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 SCANDMEDICAL SOLDK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCANDMEDICAL SOLDK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCANDMEDICAL SOLDK stock over time.
Current vs Lagged Prices |
| Timeline |
SCANDMEDICAL SOLDK Lagged Returns
When evaluating SCANDMEDICAL SOLDK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCANDMEDICAL SOLDK stock have on its future price. SCANDMEDICAL SOLDK 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, SCANDMEDICAL SOLDK autocorrelation shows the relationship between SCANDMEDICAL SOLDK stock current value and its past values and can show if there is a momentum factor associated with investing in SCANDMEDICAL SOLDK 040.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SCANDMEDICAL Stock
SCANDMEDICAL SOLDK financial ratios help investors to determine whether SCANDMEDICAL 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 SCANDMEDICAL with respect to the benefits of owning SCANDMEDICAL SOLDK security.