Inspire Medical Systems Stock Market Value
| INSP Stock | USD 229.22 11.93 4.95% |
| Symbol | Inspire |
Inspire Medical Systems Price To Book Ratio
Is Inspire Medical's industry 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 Inspire Medical. If investors know Inspire 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 Inspire Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.682 | Earnings Share (0.72) | Revenue Per Share 21.323 | Quarterly Revenue Growth 0.396 | Return On Assets (0.04) |
The market value of Inspire Medical Systems is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Medical's value that differs from its market value or its book value, called intrinsic value, which is Inspire 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 Inspire Medical's market value can be influenced by many factors that don't directly affect Inspire 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 Inspire Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire 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.
Inspire 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 Inspire 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 Inspire Medical.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Inspire Medical on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Inspire Medical Systems or generate 0.0% return on investment in Inspire Medical over 30 days. Inspire Medical is related to or competes with American WellCorp, GE HealthCare, 10X Genomics, Progyny, HealthEquity, and R1 RCM. Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimal... More
Inspire 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 Inspire 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 Inspire Medical Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.12 | |||
| Maximum Drawdown | 15.1 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 4.55 |
Inspire Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Medical's standard deviation. In reality, there are many statistical measures that can use Inspire Medical historical prices to predict the future Inspire Medical's volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 0.3504 | |||
| Total Risk Alpha | 0.1368 | |||
| Sortino Ratio | 0.1233 | |||
| Treynor Ratio | 0.3141 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inspire 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.
Inspire Medical Systems Backtested Returns
Inspire Medical appears to be very steady, given 3 months investment horizon. Inspire Medical Systems holds Efficiency (Sharpe) Ratio of 0.0896, which attests that the entity had a 0.0896% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Inspire Medical Systems, which you can use to evaluate the volatility of the firm. Please utilize Inspire Medical's Market Risk Adjusted Performance of 0.3241, downside deviation of 3.02, and Risk Adjusted Performance of 0.0959 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inspire Medical holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.37, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Inspire Medical will likely underperform. Please check Inspire Medical's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Inspire Medical's current trending patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Inspire Medical Systems has good predictability. Overlapping area represents the amount of predictability between Inspire Medical time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Inspire Medical Systems price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Inspire Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 76.92 |
Inspire Medical Systems lagged returns against current returns
Autocorrelation, which is Inspire 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 Inspire Medical's stock expected returns. We can calculate the autocorrelation of Inspire Medical returns to help us make a trade decision. For example, suppose you find that Inspire 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 |
Inspire 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 Inspire Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Inspire Medical Lagged Returns
When evaluating Inspire Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Medical stock have on its future price. Inspire 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, Inspire Medical autocorrelation shows the relationship between Inspire Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Inspire Medical Systems.
Regressed Prices |
| Timeline |
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Complementary Tools for Inspire Stock analysis
When running Inspire Medical's price analysis, check to measure Inspire 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 Inspire Medical is operating at the current time. Most of Inspire Medical's value examination focuses on studying past and present price action to predict the probability of Inspire Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inspire Medical's price. Additionally, you may evaluate how the addition of Inspire Medical to your portfolios can decrease your overall portfolio volatility.
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Inspire 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.