Tenon Medical, Warrant Stock Market Value
| TNONW Stock | 0.02 0 5.73% |
| Symbol | Tenon |
Is Medical Equipment 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 Tenon Medical,. If investors know Tenon 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 Tenon Medical, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tenon Medical, Warrant is measured differently than its book value, which is the value of Tenon that is recorded on the company's balance sheet. Investors also form their own opinion of Tenon Medical,'s value that differs from its market value or its book value, called intrinsic value, which is Tenon 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 Tenon Medical,'s market value can be influenced by many factors that don't directly affect Tenon 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 Tenon Medical,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenon Medical, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenon 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.
Tenon 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 Tenon 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 Tenon Medical,.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Tenon Medical, on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tenon Medical, Warrant or generate 0.0% return on investment in Tenon Medical, over 30 days. Tenon Medical, is related to or competes with NetEase, Brunswick, Sphere Entertainment, Marine Products, BRP, Canlan Ice, and United Parks. More
Tenon 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 Tenon 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 Tenon Medical, Warrant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.62 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 92.07 | |||
| Value At Risk | (32.02) | |||
| Potential Upside | 47.54 |
Tenon Medical, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tenon Medical,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tenon Medical,'s standard deviation. In reality, there are many statistical measures that can use Tenon Medical, historical prices to predict the future Tenon Medical,'s volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 1.63 | |||
| Total Risk Alpha | 1.04 | |||
| Sortino Ratio | 0.0926 | |||
| Treynor Ratio | 1.59 |
Tenon Medical, Warrant Backtested Returns
Tenon Medical, is out of control given 3 months investment horizon. Tenon Medical, Warrant owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0812, which indicates the firm had a 0.0812 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.67% are justified by taking the suggested risk. Use Tenon Medical, Warrant Semi Deviation of 13.46, coefficient of variation of 1231.65, and Risk Adjusted Performance of 0.0781 to evaluate company specific risk that cannot be diversified away. Tenon Medical, holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Tenon Medical, returns are very sensitive to returns on the market. As the market goes up or down, Tenon Medical, is expected to follow. Use Tenon Medical, Warrant potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to analyze future returns on Tenon Medical, Warrant.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Tenon Medical, Warrant has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tenon Medical, time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Tenon Medical, Warrant price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Tenon Medical, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tenon Medical, Warrant lagged returns against current returns
Autocorrelation, which is Tenon 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 Tenon Medical,'s stock expected returns. We can calculate the autocorrelation of Tenon Medical, returns to help us make a trade decision. For example, suppose you find that Tenon 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 |
Tenon 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 Tenon Medical, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenon Medical, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenon Medical, stock over time.
Current vs Lagged Prices |
| Timeline |
Tenon Medical, Lagged Returns
When evaluating Tenon Medical,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tenon Medical, stock have on its future price. Tenon 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, Tenon Medical, autocorrelation shows the relationship between Tenon Medical, stock current value and its past values and can show if there is a momentum factor associated with investing in Tenon Medical, Warrant.
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.Additional Tools for Tenon Stock Analysis
When running Tenon Medical,'s price analysis, check to measure Tenon 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 Tenon Medical, is operating at the current time. Most of Tenon Medical,'s value examination focuses on studying past and present price action to predict the probability of Tenon 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 Tenon Medical,'s price. Additionally, you may evaluate how the addition of Tenon Medical, to your portfolios can decrease your overall portfolio volatility.