Mentice AB (Sweden) Market Value
| MNTC Stock | SEK 25.00 0.10 0.40% |
| Symbol | Mentice |
Mentice AB '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 Mentice AB'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 Mentice AB.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Mentice AB on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mentice AB or generate 0.0% return on investment in Mentice AB over 30 days. Mentice AB is related to or competes with Surgical Science, C Rad, Xvivo Perfusion, Biotage AB, and Sedana Medical. More
Mentice AB 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 Mentice AB'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 Mentice AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.53 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 5.02 |
Mentice AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mentice AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mentice AB's standard deviation. In reality, there are many statistical measures that can use Mentice AB historical prices to predict the future Mentice AB's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.2047 |
Mentice AB Backtested Returns
Mentice AB has Sharpe Ratio of -0.029, which conveys that the firm had a -0.029% return per unit of risk over the last 3 months. Mentice AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mentice AB's Risk Adjusted Performance of (0.02), mean deviation of 2.42, and Standard Deviation of 3.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mentice AB are expected to decrease at a much lower rate. During the bear market, Mentice AB is likely to outperform the market. At this point, Mentice AB has a negative expected return of -0.1%. Please make sure to verify Mentice AB's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Mentice AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Mentice AB has good predictability. Overlapping area represents the amount of predictability between Mentice AB time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Mentice AB price movement. The serial correlation of 0.75 indicates that around 75.0% of current Mentice AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Mentice AB lagged returns against current returns
Autocorrelation, which is Mentice AB 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 Mentice AB's stock expected returns. We can calculate the autocorrelation of Mentice AB returns to help us make a trade decision. For example, suppose you find that Mentice AB 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 |
Mentice AB 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 Mentice AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mentice AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mentice AB stock over time.
Current vs Lagged Prices |
| Timeline |
Mentice AB Lagged Returns
When evaluating Mentice AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mentice AB stock have on its future price. Mentice AB 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, Mentice AB autocorrelation shows the relationship between Mentice AB stock current value and its past values and can show if there is a momentum factor associated with investing in Mentice AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mentice Stock Analysis
When running Mentice AB's price analysis, check to measure Mentice AB'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 Mentice AB is operating at the current time. Most of Mentice AB's value examination focuses on studying past and present price action to predict the probability of Mentice AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mentice AB's price. Additionally, you may evaluate how the addition of Mentice AB to your portfolios can decrease your overall portfolio volatility.