Natus Medical Backtesting

BABY -- USA Stock  

USD 34.45  0.45  1.29%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Natus Medical Incorporated and determine expected loss or profit from investing in Natus Medical over given investment horizon. Check also Natus Medical Hype Analysis, Natus Medical Correlation, Natus Medical Valuation, Natus Medical Volatility as well as analyze Natus Medical Alpha and Beta and Natus Medical Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Natus Medical 'What if' Analysis

August 27, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 26, 2018
0.00
If you would invest  0.00  in Natus Medical on August 27, 2018 and sell it all today you would earn a total of 0.00 from holding Natus Medical Incorporated or generate 0.0% return on investment in Natus Medical over 30 days. Natus Medical is related to or competes with Edwards Lifesciences, Digirad, Dynatronics, Encision, EDAP TMS, Electromed, and Escalon Medical. Natus Medical Incorporated provides newborn care, neurology, and hearing and balance assessment healthcare products and ...

Natus Medical Upside/Downside Indicators

Information Ratio0.06
Maximum Drawdown11.42
Value At Risk7.55
Potential Upside2.1
  

Natus Medical Market Premium Indicators

Risk Adjusted Performance0.008589
Jensen Alpha0.28
Total Risk Alpha0.59
Treynor Ratio0.06

Natus Medical Incorp Backtested Returns

Macroaxis considers Natus Medical to be not very risky. Natus Medical Incorp has Sharpe Ratio of -0.06 which conveys that Natus Medical Incorp had -0.06% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Natus Medical exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Natus Medical Incorporated Mean Deviation of 1.86 and Risk Adjusted Performance of 0.008589 to check out risk estimate we provide. Macroaxis gives Natus Medical performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 2.4106 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Natus Medical will likely underperform.. Even though it is essential to pay attention to Natus Medical Incorp price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Natus Medical exposes twenty-one different technical indicators which can help you to evaluate its performance. Natus Medical Incorp has expected return of -0.221%. Please be advised to verify Natus Medical Incorporated Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Natus Medical Incorp past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.25 

Poor predictability

Natus Medical Incorporated has poor predictability. Overlapping area represents the amount of predictability between Natus Medical time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Natus Medical Incorp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Natus Medical price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.45
Residual Average0.0
Price Variance2.75

Natus Medical Incorp lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Natus Medical regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Natus Medical Lagged Returns

 Regressed Prices 
      Timeline 

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Natus Medical Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Natus Medical and Edwards Lifesciences. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Natus Medical Hype Analysis, Natus Medical Correlation, Natus Medical Valuation, Natus Medical Volatility as well as analyze Natus Medical Alpha and Beta and Natus Medical Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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