Cardiocomm Solutions Stock Market Value
| EKGGF Stock | USD 0.01 0.00 0.00% |
| Symbol | CardioComm |
CardioComm Solutions '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 CardioComm Solutions' pink sheet 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 CardioComm Solutions.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in CardioComm Solutions on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding CardioComm Solutions or generate 0.0% return on investment in CardioComm Solutions over 30 days. CardioComm Solutions is related to or competes with Silo Pharma, Protagenic Therapeutics, and Eledon Pharmaceuticals. CardioComm Solutions, Inc. develops advanced software and hardware products, and core laboratory reading services relate... More
CardioComm Solutions 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 CardioComm Solutions' pink sheet 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 CardioComm Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 1116.67 |
CardioComm Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CardioComm Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CardioComm Solutions' standard deviation. In reality, there are many statistical measures that can use CardioComm Solutions historical prices to predict the future CardioComm Solutions' volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 17.98 | |||
| Total Risk Alpha | (1.90) | |||
| Treynor Ratio | (1.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CardioComm Solutions' 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.
CardioComm Solutions Backtested Returns
We have found sixteen technical indicators for CardioComm Solutions, which you can use to evaluate the volatility of the firm. Please confirm CardioComm Solutions' Standard Deviation of 137.45, mean deviation of 33.33, and Risk Adjusted Performance of 0.0867 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of -12.52, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CardioComm Solutions are expected to decrease by larger amounts. On the other hand, during market turmoil, CardioComm Solutions is expected to outperform it. CardioComm Solutions right now shows a risk of 0.0%. Please confirm CardioComm Solutions information ratio, skewness, as well as the relationship between the Skewness and day median price , to decide if CardioComm Solutions will be following its price patterns.
Auto-correlation | 1.00 |
Perfect predictability
CardioComm Solutions has perfect predictability. Overlapping area represents the amount of predictability between CardioComm Solutions time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CardioComm Solutions price movement. The serial correlation of 1.0 indicates that 100.0% of current CardioComm Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CardioComm Solutions lagged returns against current returns
Autocorrelation, which is CardioComm Solutions pink sheet'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 CardioComm Solutions' pink sheet expected returns. We can calculate the autocorrelation of CardioComm Solutions returns to help us make a trade decision. For example, suppose you find that CardioComm Solutions has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
CardioComm Solutions 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 CardioComm Solutions pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CardioComm Solutions pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CardioComm Solutions pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CardioComm Solutions Lagged Returns
When evaluating CardioComm Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CardioComm Solutions pink sheet have on its future price. CardioComm Solutions 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, CardioComm Solutions autocorrelation shows the relationship between CardioComm Solutions pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CardioComm Solutions.
Regressed Prices |
| Timeline |
Pair Trading with CardioComm Solutions
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CardioComm Solutions position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CardioComm Solutions will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CardioComm Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CardioComm Solutions when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CardioComm Solutions - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CardioComm Solutions to buy it.
The correlation of CardioComm Solutions is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CardioComm Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CardioComm Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CardioComm Solutions can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CardioComm Solutions Correlation, CardioComm Solutions Volatility and CardioComm Solutions Alpha and Beta module to complement your research on CardioComm Solutions. Note that the CardioComm Solutions information on this page should be used as a complementary analysis to other CardioComm Solutions' 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 the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for CardioComm Pink Sheet analysis
When running CardioComm Solutions' price analysis, check to measure CardioComm Solutions' 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 CardioComm Solutions is operating at the current time. Most of CardioComm Solutions' value examination focuses on studying past and present price action to predict the probability of CardioComm Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CardioComm Solutions' price. Additionally, you may evaluate how the addition of CardioComm Solutions to your portfolios can decrease your overall portfolio volatility.
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CardioComm Solutions technical pink sheet 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, pink sheet market cycles, or different charting patterns.