Medicalg (Poland) Market Value
| MDG Stock | 19.40 0.32 1.68% |
| Symbol | Medicalg |
Medicalg '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 Medicalg'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 Medicalg.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Medicalg on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Medicalg or generate 0.0% return on investment in Medicalg over 180 days. Medicalg is related to or competes with Asseco Business, Movie Games, and 3R Games. More
Medicalg 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 Medicalg'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 Medicalg upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 6.68 |
Medicalg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medicalg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medicalg's standard deviation. In reality, there are many statistical measures that can use Medicalg historical prices to predict the future Medicalg's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 1.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medicalg'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.
Medicalg Backtested Returns
Medicalg has Sharpe Ratio of -0.0974, which conveys that the firm had a -0.0974% return per unit of risk over the last 3 months. Medicalg exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medicalg's Risk Adjusted Performance of (0.07), mean deviation of 2.51, and Standard Deviation of 3.66 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Medicalg are expected to decrease at a much lower rate. During the bear market, Medicalg is likely to outperform the market. At this point, Medicalg has a negative expected return of -0.37%. Please make sure to verify Medicalg's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Medicalg performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Medicalg has average predictability. Overlapping area represents the amount of predictability between Medicalg time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Medicalg price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Medicalg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.39 |
Medicalg lagged returns against current returns
Autocorrelation, which is Medicalg 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 Medicalg's stock expected returns. We can calculate the autocorrelation of Medicalg returns to help us make a trade decision. For example, suppose you find that Medicalg 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 |
Medicalg 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 Medicalg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medicalg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medicalg stock over time.
Current vs Lagged Prices |
| Timeline |
Medicalg Lagged Returns
When evaluating Medicalg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medicalg stock have on its future price. Medicalg 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, Medicalg autocorrelation shows the relationship between Medicalg stock current value and its past values and can show if there is a momentum factor associated with investing in Medicalg.
Regressed Prices |
| Timeline |
Pair Trading with Medicalg
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medicalg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medicalg will appreciate offsetting losses from the drop in the long position's value.Moving against Medicalg Stock
The ability to find closely correlated positions to Medicalg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medicalg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medicalg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medicalg to buy it.
The correlation of Medicalg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medicalg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medicalg moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medicalg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Medicalg Stock Analysis
When running Medicalg's price analysis, check to measure Medicalg'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 Medicalg is operating at the current time. Most of Medicalg's value examination focuses on studying past and present price action to predict the probability of Medicalg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicalg's price. Additionally, you may evaluate how the addition of Medicalg to your portfolios can decrease your overall portfolio volatility.