Work Medical Technology Stock Market Value
| WOK Stock | 4.30 0.11 2.49% |
| Symbol | WORK |
Is Health Care Equipment & Supplies 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 WORK Medical. If investors know WORK 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 WORK 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 WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK 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 WORK Medical's market value can be influenced by many factors that don't directly affect WORK 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 WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK 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.
WORK 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 WORK 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 WORK Medical.
| 01/18/2023 |
| 01/07/2025 |
If you would invest 0.00 in WORK Medical on January 18, 2023 and sell it all today you would earn a total of 0.00 from holding WORK Medical Technology or generate 0.0% return on investment in WORK Medical over 720 days. WORK Medical is related to or competes with AbbVie, Eli Lilly, Bristol Myers, Johnson Johnson, and Medtronic PLC. WORK Medical is entity of United States. It is traded as Stock on NASDAQ exchange. More
WORK 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 WORK 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 WORK Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.97 | |||
| Information Ratio | 0.0081 | |||
| Maximum Drawdown | 37.21 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 10.69 |
WORK Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WORK Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WORK Medical's standard deviation. In reality, there are many statistical measures that can use WORK Medical historical prices to predict the future WORK Medical's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0633 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 1.18 |
WORK Medical Technology Backtested Returns
WORK Medical Technology shows Sharpe Ratio of -0.0261, which attests that the company had a -0.0261% return per unit of standard deviation over the last 3 months. WORK Medical Technology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WORK Medical's Mean Deviation of 4.35, downside deviation of 5.97, and Risk Adjusted Performance of 0.0182 to validate the risk estimate we provide. The firm maintains a market beta of 0.054, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WORK Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding WORK Medical is expected to be smaller as well. At this point, WORK Medical Technology has a negative expected return of -0.16%. Please make sure to check out WORK Medical's downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if WORK Medical Technology performance from the past will be repeated at some future point.
Auto-correlation | 0.00 |
No correlation between past and present
WORK Medical Technology has no correlation between past and present. Overlapping area represents the amount of predictability between WORK Medical time series from 18th of January 2023 to 13th of January 2024 and 13th of January 2024 to 7th 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 WORK Medical Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current WORK Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WORK Medical Technology lagged returns against current returns
Autocorrelation, which is WORK 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 WORK Medical's stock expected returns. We can calculate the autocorrelation of WORK Medical returns to help us make a trade decision. For example, suppose you find that WORK 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 |
WORK 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 WORK Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WORK Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WORK Medical stock over time.
Current vs Lagged Prices |
| Timeline |
WORK Medical Lagged Returns
When evaluating WORK Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WORK Medical stock have on its future price. WORK 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, WORK Medical autocorrelation shows the relationship between WORK Medical stock current value and its past values and can show if there is a momentum factor associated with investing in WORK Medical Technology.
Regressed Prices |
| Timeline |
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WORK Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.