MEDTRONIC's market value is the price at which a share of MEDTRONIC trades on an exchange. It measures the collective expectations of MEDTRONIC INC 4375 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of MEDTRONIC INC 4375 and determine expected loss or profit from investing in MEDTRONIC over a given investment horizon. Check out MEDTRONIC Correlation, MEDTRONIC Volatility and MEDTRONIC Alpha and Beta module to complement your research on MEDTRONIC.
Please note, there is a significant difference between MEDTRONIC's value and its price as these two are different measures arrived at by different means. Investors typically determine if MEDTRONIC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MEDTRONIC'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.
MEDTRONIC '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 MEDTRONIC's bond 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 MEDTRONIC.
0.00
01/19/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/08/2025
0.00
If you would invest 0.00 in MEDTRONIC on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding MEDTRONIC INC 4375 or generate 0.0% return on investment in MEDTRONIC over 720 days. MEDTRONIC is related to or competes with Lipocine, Grocery Outlet, SNDL, Boston Beer, Willamette Valley, and Tarsus Pharmaceuticals. More
MEDTRONIC 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 MEDTRONIC's bond 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 MEDTRONIC INC 4375 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 MEDTRONIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEDTRONIC's standard deviation. In reality, there are many statistical measures that can use MEDTRONIC historical prices to predict the future MEDTRONIC's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MEDTRONIC. Your research has to be compared to or analyzed against MEDTRONIC's peers to derive any actionable benefits. When done correctly, MEDTRONIC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MEDTRONIC INC 4375.
MEDTRONIC INC 4375 Backtested Returns
MEDTRONIC INC 4375 has Sharpe Ratio of -0.0761, which conveys that the entity had a -0.0761% return per unit of risk over the last 3 months. MEDTRONIC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEDTRONIC's mean deviation of 0.5303, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEDTRONIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEDTRONIC is expected to be smaller as well.
Auto-correlation
-0.59
Good reverse predictability
MEDTRONIC INC 4375 has good reverse predictability. Overlapping area represents the amount of predictability between MEDTRONIC time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th 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 MEDTRONIC INC 4375 price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current MEDTRONIC price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.59
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
3.99
MEDTRONIC INC 4375 lagged returns against current returns
Autocorrelation, which is MEDTRONIC bond'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 MEDTRONIC's bond expected returns. We can calculate the autocorrelation of MEDTRONIC returns to help us make a trade decision. For example, suppose you find that MEDTRONIC has exhibited high autocorrelation historically, and you observe that the bond 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
MEDTRONIC 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 MEDTRONIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEDTRONIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEDTRONIC bond over time.
Current vs Lagged Prices
Timeline
MEDTRONIC Lagged Returns
When evaluating MEDTRONIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEDTRONIC bond have on its future price. MEDTRONIC 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, MEDTRONIC autocorrelation shows the relationship between MEDTRONIC bond current value and its past values and can show if there is a momentum factor associated with investing in MEDTRONIC INC 4375.
Regressed Prices
Timeline
Also Currently Popular
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.
MEDTRONIC financial ratios help investors to determine whether MEDTRONIC Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MEDTRONIC with respect to the benefits of owning MEDTRONIC security.