Medical Care Technologies Stock Market Value
| MDCE Stock | USD 0 0.0001 4.55% |
| Symbol | Medical |
Medical Care '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 Medical Care's 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 Medical Care.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Medical Care on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Medical Care Technologies or generate 0.0% return on investment in Medical Care over 30 days. Medical Care is related to or competes with Alibaba Group, PDD Holdings, MercadoLibre, JD, Sea, and Amazon. Medical Care Technologies Inc., a development stage company, engages in opening and operating childrens integrated healt... More
Medical Care 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 Medical Care's 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 Medical Care Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.24 | |||
| Information Ratio | 0.1379 | |||
| Maximum Drawdown | 95.83 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 45.45 |
Medical Care Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Care's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Care's standard deviation. In reality, there are many statistical measures that can use Medical Care historical prices to predict the future Medical Care's volatility.| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 2.74 | |||
| Total Risk Alpha | 2.41 | |||
| Sortino Ratio | 0.1476 | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medical Care's 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.
Medical Care Technologies Backtested Returns
Medical Care is out of control given 3 months investment horizon. Medical Care Technologies has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.31% are justified by taking the suggested risk. Use Medical Care Technologies Mean Deviation of 13.87, downside deviation of 18.24, and Risk Adjusted Performance of 0.1224 to evaluate company specific risk that cannot be diversified away. Medical Care holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -3.34, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Medical Care are expected to decrease by larger amounts. On the other hand, during market turmoil, Medical Care is expected to outperform it. Use Medical Care Technologies maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on Medical Care Technologies.
Auto-correlation | 0.49 |
Average predictability
Medical Care Technologies has average predictability. Overlapping area represents the amount of predictability between Medical Care time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Medical Care Technologies price movement. The serial correlation of 0.49 indicates that about 49.0% of current Medical Care price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medical Care Technologies lagged returns against current returns
Autocorrelation, which is Medical Care 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 Medical Care's pink sheet expected returns. We can calculate the autocorrelation of Medical Care returns to help us make a trade decision. For example, suppose you find that Medical Care 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 |
Medical Care 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 Medical Care pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical Care pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medical Care pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medical Care Lagged Returns
When evaluating Medical Care's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Care pink sheet have on its future price. Medical Care 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, Medical Care autocorrelation shows the relationship between Medical Care pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medical Care Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Medical Pink Sheet
Medical Care financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Care security.