Electromed Backtesting

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ELMD -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Electromed and determine expected loss or profit from investing in Electromed over given investment horizon. Continue to Electromed Hype Analysis, Electromed Correlation, Electromed Valuation, Electromed Volatility as well as analyze Electromed Alpha and Beta and Electromed Performance.

Electromed 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Electromed on February 29, 2020 and sell it all today you would earn a total of 0.00 from holding Electromed or generate 0.0% return on investment in Electromed over 90 days. Electromed is related to or competes with Dynatronics, Edwards Lifesciences, Establishment Labs, ESCALON MEDICAL, Second Sight, and EDAP TMS. Electromed, Inc. develops, manufactures, markets, and sells airway clearance therapy and related products that apply hig...

Electromed Upside/Downside Indicators

Downside Deviation7.08
Information Ratio0.0407
Maximum Drawdown43.56
Value At Risk(13.15)
Potential Upside11.41

Electromed Market Premium Indicators

Risk Adjusted Performance0.217
Jensen Alpha0.3048
Total Risk Alpha0.2464
Sortino Ratio0.0435
Treynor Ratio0.365

Electromed Backtested Returns

Macroaxis considers Electromed slightly risky given 3 months investment horizon. Electromed secures Sharpe Ratio (or Efficiency) of 0.0834, which denotes the organization had 0.0834% of return per unit of risk over the last 3 months. Our philosophy towards predicting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By reviewing Electromed technical indicators you can presently evaluate if the expected return of 0.6249% is justified by implied risk. Please utilize Electromed Coefficient Of Variation of 1933.14, Downside Deviation of 7.08 and Mean Deviation of 5.45 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Electromed holds performance score of 5. The firm shows a Beta (market volatility) of 1.0444, which denotes to the fact that Electromed returns are very sensitive to returns on the market. as market goes up or down, Electromed is expected to follow. Although it is vital to follow to Electromed historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-eight technical indicators for Electromed, which you can use to evaluate performance of the firm. Please utilizes Electromed Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to make a quick decision on weather Electromed price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.13 
correlation synergy

Insignificant predictability

Electromed has insignificant predictability. Overlapping area represents the amount of predictability between Electromed time series from 29th of February 2020 to 14th of April 2020 and 14th of April 2020 to 29th of May 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Electromed price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Electromed price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test0.41
Residual Average0.0
Price Variance1.29

Electromed lagged returns against current returns

 Current and Lagged Values 

Electromed regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Electromed Lagged Returns

 Regressed Prices 

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Electromed Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Electromed and Dynatronics. 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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Continue to Electromed Hype Analysis, Electromed Correlation, Electromed Valuation, Electromed Volatility as well as analyze Electromed Alpha and Beta and Electromed Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page