Redsense Medical (Sweden) Market Value

REDS Stock  SEK 6.70  0.08  1.21%   
Redsense Medical's market value is the price at which a share of Redsense Medical trades on a public exchange. It measures the collective expectations of Redsense Medical AB investors about its performance. Redsense Medical is selling for under 6.70 as of the 9th of December 2024; that is 1.21 percent increase since the beginning of the trading day. The stock's last reported lowest price was 6.7.
With this module, you can estimate the performance of a buy and hold strategy of Redsense Medical AB and determine expected loss or profit from investing in Redsense Medical over a given investment horizon. Check out Redsense Medical Correlation, Redsense Medical Volatility and Redsense Medical Alpha and Beta module to complement your research on Redsense Medical.
Symbol

Please note, there is a significant difference between Redsense Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redsense Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redsense 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.

Redsense 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 Redsense 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 Redsense Medical.
0.00
11/09/2024
No Change 0.00  0.0 
In 30 days
12/09/2024
0.00
If you would invest  0.00  in Redsense Medical on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Redsense Medical AB or generate 0.0% return on investment in Redsense Medical over 30 days. Redsense Medical is related to or competes with Filo Mining, Scandinavian ChemoTech, OptiCept Technologies, Lundin Mining, and Invisio Communications. Redsense Medical AB provides blood loss detection devices primarily in Europe and the United States More

Redsense 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 Redsense 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 Redsense Medical AB upside and downside potential and time the market with a certain degree of confidence.

Redsense Medical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Redsense Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redsense Medical's standard deviation. In reality, there are many statistical measures that can use Redsense Medical historical prices to predict the future Redsense Medical's volatility.
Hype
Prediction
LowEstimatedHigh
2.246.7011.16
Details
Intrinsic
Valuation
LowRealHigh
1.295.7510.21
Details
Naive
Forecast
LowNextHigh
2.166.6211.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.336.877.41
Details

Redsense Medical Backtested Returns

Currently, Redsense Medical AB is moderately volatile. Redsense Medical maintains Sharpe Ratio (i.e., Efficiency) of 0.037, which implies the firm had a 0.037% return per unit of risk over the last 3 months. We have found thirty technical indicators for Redsense Medical, which you can use to evaluate the volatility of the company. Please check Redsense Medical's Semi Deviation of 3.32, coefficient of variation of 4718.45, and Risk Adjusted Performance of 0.024 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Redsense Medical has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Redsense Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redsense Medical is expected to be smaller as well. Redsense Medical right now holds a risk of 4.49%. Please check Redsense Medical standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Redsense Medical will be following its historical price patterns.

Auto-correlation

    
  0.28  

Poor predictability

Redsense Medical AB has poor predictability. Overlapping area represents the amount of predictability between Redsense Medical time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Redsense Medical price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Redsense Medical price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.06

Redsense Medical lagged returns against current returns

Autocorrelation, which is Redsense 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 Redsense Medical's stock expected returns. We can calculate the autocorrelation of Redsense Medical returns to help us make a trade decision. For example, suppose you find that Redsense 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   
       Timeline  

Redsense 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 Redsense Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redsense Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redsense Medical stock over time.
   Current vs Lagged Prices   
       Timeline  

Redsense Medical Lagged Returns

When evaluating Redsense Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redsense Medical stock have on its future price. Redsense 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, Redsense Medical autocorrelation shows the relationship between Redsense Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Redsense Medical AB.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Redsense Stock Analysis

When running Redsense Medical's price analysis, check to measure Redsense Medical'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 Redsense Medical is operating at the current time. Most of Redsense Medical's value examination focuses on studying past and present price action to predict the probability of Redsense Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redsense Medical's price. Additionally, you may evaluate how the addition of Redsense Medical to your portfolios can decrease your overall portfolio volatility.