US Medical Etf Market Value

IHI
 Etf
  

USD 51.39  0.03  0.06%   

US Medical's market value is the price at which a share of US Medical stock trades on a public exchange. It measures the collective expectations of US Medical Devices investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of US Medical Devices and determine expected loss or profit from investing in US Medical over a given investment horizon. Please see US Medical Hype Analysis, US Medical Correlation, Portfolio Optimization, US Medical Volatility, as well as analyze US Medical Alpha and Beta and US Medical Performance.
Symbol
Backtest

The market value of US Medical Devices is measured differently than its book value, which is the value of US Medical that is recorded on the company's balance sheet. Investors also form their own opinion of US Medical's value that differs from its market value or its book value, called intrinsic value, which is US 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 US Medical's market value can be influenced by many factors that don't directly affect US 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 US Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine US Medical value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US 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.

US 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 US Medical's etf 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 US Medical.
0.00
01/07/2022
No Change 0.00  0.0 
In 5 months and 29 days
07/06/2022
0.00
If you would invest  0.00  in US Medical on January 7, 2022 and sell it all today you would earn a total of 0.00 from holding US Medical Devices or generate 0.0% return on investment in US Medical over 180 days. US Medical is related to or competes with American Express. The fund will invest at least 80 percent of its assets in the component securities of the index and in investments that ...More

US 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 US Medical's etf 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 US Medical Devices upside and downside potential and time the market with a certain degree of confidence.

US Medical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for US Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Medical's standard deviation. In reality, there are many statistical measures that can use US Medical historical prices to predict the future US Medical's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of US Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of US Medical in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
49.4051.3653.32
Details
Intrinsic
Valuation
LowReal ValueHigh
50.2852.2454.20
Details
Naive
Forecast
LowNext ValueHigh
52.8354.7956.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
46.9251.0555.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as US Medical. Your research has to be compared to or analyzed against US Medical's peers to derive any actionable benefits. When done correctly, US Medical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in US Medical Devices.

US Medical Devices Backtested Returns

US Medical Devices retains Efficiency (Sharpe Ratio) of -0.15, which indicates the etf had -0.15% of return per unit of price deviation over the last 3 months. Macroaxis approach towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. US Medical exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate US Medical Devices mean deviation of 1.52, and Risk Adjusted Performance of (0.19) to confirm the risk estimate we provide.
The entity owns a Beta (Systematic Risk) of 1.1291, which indicates a somewhat significant risk relative to the market. Let's try to break down what US Medical's beta means in this case. US Medical returns are very sensitive to returns on the market. As the market goes up or down, US Medical is expected to follow. Even though it is essential to pay attention to US Medical Devices existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. US Medical exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.26  

Poor predictability

US Medical Devices has poor predictability. Overlapping area represents the amount of predictability between US Medical time series from 7th of January 2022 to 7th of April 2022 and 7th of April 2022 to 6th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of US Medical Devices price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current US Medical price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.17
Residual Average0.0
Price Variance14.11

US Medical Devices lagged returns against current returns

Autocorrelation, which is US Medical etf'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 US Medical's etf expected returns. We can calculate the autocorrelation of US Medical returns to help us make a trade decision. For example, suppose you find that US Medical etf 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

US Medical Lagged Returns

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

US Medical Investors Sentiment

The influence of US Medical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in US Medical. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards US Medical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, US Medical's short interest history, or implied volatility extrapolated from US Medical options trading.

Current Sentiment - IHI

US Medical Devices Investor Sentiment

Greater number of Macroaxis users are currently bullish on US Medical Devices. What is your outlook on investing in US Medical Devices? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as US Medical Devices using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see US Medical Hype Analysis, US Medical Correlation, Portfolio Optimization, US Medical Volatility, as well as analyze US Medical Alpha and Beta and US Medical Performance. Note that the US Medical Devices information on this page should be used as a complementary analysis to other US Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for US Medical Etf analysis

When running US Medical Devices price analysis, check to measure US 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 US Medical is operating at the current time. Most of US Medical's value examination focuses on studying past and present price action to predict the probability of US Medical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move US Medical's price. Additionally, you may evaluate how the addition of US Medical to your portfolios can decrease your overall portfolio volatility.
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US Medical technical etf 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.
A focus of US Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of US Medical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...