Edap Tms Sa Stock Market Value
| EDAP Stock | USD 6.91 0.18 2.54% |
| Symbol | EDAP |
EDAP TMS SA Price To Book Ratio
Is EDAP TMS'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 EDAP TMS. If investors know EDAP 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 EDAP TMS 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 (0.62) | Earnings Share (0.61) | Revenue Per Share 1.633 | Quarterly Revenue Growth 0.248 | Return On Assets (0.11) |
The market value of EDAP TMS SA is measured differently than its book value, which is the value of EDAP that is recorded on the company's balance sheet. Investors also form their own opinion of EDAP TMS's value that differs from its market value or its book value, called intrinsic value, which is EDAP TMS'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 EDAP TMS's market value can be influenced by many factors that don't directly affect EDAP TMS'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 EDAP TMS's value and its price as these two are different measures arrived at by different means. Investors typically determine if EDAP TMS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDAP TMS'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.
EDAP TMS '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 EDAP TMS'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 EDAP TMS.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in EDAP TMS on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding EDAP TMS SA or generate 0.0% return on investment in EDAP TMS over 30 days. EDAP TMS is related to or competes with Henry Schein, Owens Minor, Cardinal Health, Patterson Companies, and McKesson. EDAP TMS S.A., together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of mi... More
EDAP TMS 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 EDAP TMS'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 EDAP TMS SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 5.18 |
EDAP TMS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDAP TMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDAP TMS's standard deviation. In reality, there are many statistical measures that can use EDAP TMS historical prices to predict the future EDAP TMS's volatility.| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | 0.199 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.3541 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EDAP TMS'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.
EDAP TMS SA Backtested Returns
EDAP TMS appears to be slightly risky, given 3 months investment horizon. EDAP TMS SA retains Efficiency (Sharpe Ratio) of 0.0782, which denotes the company had a 0.0782% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EDAP TMS, which you can use to evaluate the volatility of the firm. Please utilize EDAP TMS's Downside Deviation of 2.3, market risk adjusted performance of 0.3641, and Coefficient Of Variation of 1144.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EDAP TMS holds a performance score of 6. The firm owns a Beta (Systematic Risk) of 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, EDAP TMS's returns are expected to increase less than the market. However, during the bear market, the loss of holding EDAP TMS is expected to be smaller as well. Please check EDAP TMS's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether EDAP TMS's current price history will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
EDAP TMS SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EDAP TMS 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 EDAP TMS SA price movement. The serial correlation of -0.72 indicates that around 72.0% of current EDAP TMS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
EDAP TMS SA lagged returns against current returns
Autocorrelation, which is EDAP TMS 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 EDAP TMS's stock expected returns. We can calculate the autocorrelation of EDAP TMS returns to help us make a trade decision. For example, suppose you find that EDAP TMS 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 |
EDAP TMS 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 EDAP TMS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDAP TMS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDAP TMS stock over time.
Current vs Lagged Prices |
| Timeline |
EDAP TMS Lagged Returns
When evaluating EDAP TMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDAP TMS stock have on its future price. EDAP TMS 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, EDAP TMS autocorrelation shows the relationship between EDAP TMS stock current value and its past values and can show if there is a momentum factor associated with investing in EDAP TMS SA.
Regressed Prices |
| Timeline |
Pair Trading with EDAP TMS
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 EDAP TMS 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 EDAP TMS will appreciate offsetting losses from the drop in the long position's value.Moving together with EDAP Stock
| 0.67 | NXL | Nexalin Technology | PairCorr |
Moving against EDAP Stock
| 0.85 | UNH | UnitedHealth Group Financial Report 12th of July 2024 | PairCorr |
| 0.8 | BBLG | Bone Biologics Corp Financial Report 20th of May 2024 | PairCorr |
| 0.66 | HSTM | HealthStream Upward Rally | PairCorr |
| 0.64 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
| 0.64 | NAOV | NanoVibronix | PairCorr |
The ability to find closely correlated positions to EDAP TMS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDAP TMS 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 EDAP TMS - 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 EDAP TMS SA to buy it.
The correlation of EDAP TMS 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 EDAP TMS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDAP TMS SA 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 EDAP TMS 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 EDAP TMS Correlation, EDAP TMS Volatility and EDAP TMS Alpha and Beta module to complement your research on EDAP TMS. Note that the EDAP TMS SA information on this page should be used as a complementary analysis to other EDAP TMS'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 the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for EDAP Stock analysis
When running EDAP TMS's price analysis, check to measure EDAP TMS'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 EDAP TMS is operating at the current time. Most of EDAP TMS's value examination focuses on studying past and present price action to predict the probability of EDAP TMS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDAP TMS's price. Additionally, you may evaluate how the addition of EDAP TMS to your portfolios can decrease your overall portfolio volatility.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
EDAP TMS 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.