Speed Medical's market value is the price at which a share of Speed Medical trades on a public exchange. It measures the collective expectations of Speed Medical investors about its performance. Speed Medical is trading at 0.38 as of the 13th of December 2024. This is a 5.56 percent up since the beginning of the trading day. The stock's lowest day price was 0.36. With this module, you can estimate the performance of a buy and hold strategy of Speed Medical and determine expected loss or profit from investing in Speed Medical over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Speed
Speed 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 Speed 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 Speed Medical.
0.00
11/13/2024
No Change 0.00
0.0
In 31 days
12/13/2024
0.00
If you would invest 0.00 in Speed Medical on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Speed Medical or generate 0.0% return on investment in Speed Medical over 30 days.
Speed 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 Speed 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 Speed Medical upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Speed Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Speed Medical's standard deviation. In reality, there are many statistical measures that can use Speed Medical historical prices to predict the future Speed Medical's volatility.
At this point, Speed Medical is abnormally volatile. Speed Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0342, which indicates the firm had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Speed Medical, which you can use to evaluate the volatility of the company. Please validate Speed Medical's Coefficient Of Variation of 1460.0, risk adjusted performance of 0.0564, and Semi Deviation of 1.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.0741%. Speed Medical has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Speed Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Speed Medical is expected to be smaller as well. Speed Medical right now has a risk of 2.17%. Please validate Speed Medical information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Speed Medical will be following its existing price patterns.
Auto-correlation
-0.64
Very good reverse predictability
Speed Medical has very good reverse predictability. Overlapping area represents the amount of predictability between Speed Medical time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Speed Medical price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Speed Medical price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.64
Spearman Rank Test
-0.7
Residual Average
0.0
Price Variance
0.0
Speed Medical lagged returns against current returns
Autocorrelation, which is Speed 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 Speed Medical's stock expected returns. We can calculate the autocorrelation of Speed Medical returns to help us make a trade decision. For example, suppose you find that Speed 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
Speed 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 Speed Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Speed Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Speed Medical stock over time.
Current vs Lagged Prices
Timeline
Speed Medical Lagged Returns
When evaluating Speed Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Speed Medical stock have on its future price. Speed 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, Speed Medical autocorrelation shows the relationship between Speed Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Speed Medical.
Regressed Prices
Timeline
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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.