Mdica Sur (Mexico) Market Value
| MEDICAB Stock | MXN 34.23 0.91 2.73% |
| Symbol | Mdica |
Mdica Sur '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 Mdica Sur'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 Mdica Sur.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Mdica Sur on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mdica Sur SAB or generate 0.0% return on investment in Mdica Sur over 30 days. Mdica Sur is related to or competes with Gruma SAB, Alfa SAB, Kimberly Clark, Grupo Mxico, and Grupo Financiero. Mdica Sur, S.A.B. de C.V. operates as a healthcare institution in Mexico More
Mdica Sur 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 Mdica Sur'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 Mdica Sur SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0743 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.73 |
Mdica Sur Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mdica Sur's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mdica Sur's standard deviation. In reality, there are many statistical measures that can use Mdica Sur historical prices to predict the future Mdica Sur's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.159 | |||
| Total Risk Alpha | 0.0837 | |||
| Sortino Ratio | 0.0614 | |||
| Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mdica Sur'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.
Mdica Sur SAB Backtested Returns
Mdica Sur appears to be very steady, given 3 months investment horizon. Mdica Sur SAB has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mdica Sur, which you can use to evaluate the volatility of the firm. Please exercise Mdica Sur's Risk Adjusted Performance of 0.0869, downside deviation of 1.92, and Mean Deviation of 1.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mdica Sur holds a performance score of 18. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mdica Sur are expected to decrease at a much lower rate. During the bear market, Mdica Sur is likely to outperform the market. Please check Mdica Sur's jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Mdica Sur's current price movements will revert.
Auto-correlation | 0.74 |
Good predictability
Mdica Sur SAB has good predictability. Overlapping area represents the amount of predictability between Mdica Sur time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 Mdica Sur SAB price movement. The serial correlation of 0.74 indicates that around 74.0% of current Mdica Sur price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Mdica Sur SAB lagged returns against current returns
Autocorrelation, which is Mdica Sur 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 Mdica Sur's stock expected returns. We can calculate the autocorrelation of Mdica Sur returns to help us make a trade decision. For example, suppose you find that Mdica Sur 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 |
Mdica Sur 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 Mdica Sur stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mdica Sur stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mdica Sur stock over time.
Current vs Lagged Prices |
| Timeline |
Mdica Sur Lagged Returns
When evaluating Mdica Sur's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mdica Sur stock have on its future price. Mdica Sur 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, Mdica Sur autocorrelation shows the relationship between Mdica Sur stock current value and its past values and can show if there is a momentum factor associated with investing in Mdica Sur SAB.
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.Other Information on Investing in Mdica Stock
Mdica Sur financial ratios help investors to determine whether Mdica 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 Mdica with respect to the benefits of owning Mdica Sur security.