Merit Medical Systems Stock Market Value
| MMSI Stock | USD 98.94 1.28 1.31% |
| Symbol | Merit |
Merit Medical Systems Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Earnings Share 2.03 | Revenue Per Share | Quarterly Revenue Growth 0.094 | Return On Assets |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Merit Medical '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 Merit Medical'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 Merit Medical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Merit Medical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Merit Medical Systems or generate 0.0% return on investment in Merit Medical over 90 days. Merit Medical is related to or competes with Teleflex Incorporated, Cooper Companies,, West Pharmaceutical, ICU Medical, AngioDynamics, AptarGroup, and Haemonetics. Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional,... More
Merit Medical 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 Merit Medical'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 Merit Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0189 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.91 |
Merit Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merit Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merit Medical's standard deviation. In reality, there are many statistical measures that can use Merit Medical historical prices to predict the future Merit Medical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | 0.1221 | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Merit Medical'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.
Merit Medical Systems Backtested Returns
Merit Medical Systems has Sharpe Ratio of -0.0268, which conveys that the firm had a -0.0268 % return per unit of risk over the last 3 months. Merit Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merit Medical's Risk Adjusted Performance of (0.03), mean deviation of 1.27, and Standard Deviation of 1.6 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.97, which conveys possible diversification benefits within a given portfolio. Merit Medical returns are very sensitive to returns on the market. As the market goes up or down, Merit Medical is expected to follow. At this point, Merit Medical Systems has a negative expected return of -0.0431%. Please make sure to verify Merit Medical's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Merit Medical Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Merit Medical Systems has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Merit Medical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Merit Medical Systems price movement. The serial correlation of -0.76 indicates that around 76.0% of current Merit Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 15.48 |
Merit Medical Systems lagged returns against current returns
Autocorrelation, which is Merit Medical 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 Merit Medical's stock expected returns. We can calculate the autocorrelation of Merit Medical returns to help us make a trade decision. For example, suppose you find that Merit Medical 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 |
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Merit Medical 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 Merit Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merit Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merit Medical stock over time.
Current vs Lagged Prices |
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Merit Medical Lagged Returns
When evaluating Merit Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merit Medical stock have on its future price. Merit Medical 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, Merit Medical autocorrelation shows the relationship between Merit Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Merit Medical Systems.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Merit Medical Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Merit Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Merit Medical Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Merit Medical Systems Stock:Check out Merit Medical Correlation, Merit Medical Volatility and Merit Medical Alpha and Beta module to complement your research on Merit Medical. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Merit Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.