MEDI ASSIST (India) Market Value
| MEDIASSIST | 427.90 7.10 1.69% |
| Symbol | MEDI |
MEDI ASSIST '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 MEDI ASSIST'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 MEDI ASSIST.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in MEDI ASSIST on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding MEDI ASSIST HEALTHCARE or generate 0.0% return on investment in MEDI ASSIST over 90 days. MEDI ASSIST is related to or competes with Privi Speciality, 63 Moons, Vishnu Chemicals, Gujarat Fluorochemicals, Sasken Technologies, Mangalore Chemicals, and Alkyl Amines. More
MEDI ASSIST 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 MEDI ASSIST'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 MEDI ASSIST HEALTHCARE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.25 |
MEDI ASSIST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEDI ASSIST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEDI ASSIST's standard deviation. In reality, there are many statistical measures that can use MEDI ASSIST historical prices to predict the future MEDI ASSIST's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.17 |
MEDI ASSIST HEALTHCARE Backtested Returns
MEDI ASSIST HEALTHCARE has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21 % return per unit of risk over the last 3 months. MEDI ASSIST exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEDI ASSIST's mean deviation of 1.96, and Risk Adjusted Performance of (0.18) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MEDI ASSIST are expected to decrease at a much lower rate. During the bear market, MEDI ASSIST is likely to outperform the market. At this point, MEDI ASSIST HEALTHCARE has a negative expected return of -0.55%. Please make sure to verify MEDI ASSIST's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if MEDI ASSIST HEALTHCARE performance from the past will be repeated in the future.
Auto-correlation | 0.28 |
Poor predictability
MEDI ASSIST HEALTHCARE has poor predictability. Overlapping area represents the amount of predictability between MEDI ASSIST time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 MEDI ASSIST HEALTHCARE price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current MEDI ASSIST price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1891.23 |
MEDI ASSIST HEALTHCARE lagged returns against current returns
Autocorrelation, which is MEDI ASSIST 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 MEDI ASSIST's stock expected returns. We can calculate the autocorrelation of MEDI ASSIST returns to help us make a trade decision. For example, suppose you find that MEDI ASSIST 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 |
MEDI ASSIST 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 MEDI ASSIST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEDI ASSIST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEDI ASSIST stock over time.
Current vs Lagged Prices |
| Timeline |
MEDI ASSIST Lagged Returns
When evaluating MEDI ASSIST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEDI ASSIST stock have on its future price. MEDI ASSIST 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, MEDI ASSIST autocorrelation shows the relationship between MEDI ASSIST stock current value and its past values and can show if there is a momentum factor associated with investing in MEDI ASSIST HEALTHCARE.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for MEDI Stock Analysis
When running MEDI ASSIST's price analysis, check to measure MEDI ASSIST'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 MEDI ASSIST is operating at the current time. Most of MEDI ASSIST's value examination focuses on studying past and present price action to predict the probability of MEDI ASSIST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEDI ASSIST's price. Additionally, you may evaluate how the addition of MEDI ASSIST to your portfolios can decrease your overall portfolio volatility.