Sysmex Corp Stock Market Value
| SSMXY Stock | USD 16.08 0.26 1.64% |
| Symbol | Sysmex |
Sysmex Corp '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 Sysmex Corp's 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 Sysmex Corp.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Sysmex Corp on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Sysmex Corp or generate 0.0% return on investment in Sysmex Corp over 720 days. Sysmex Corp is related to or competes with GlucoTrack, Sharps Technology, Utah Medical, Innovative Eyewear, and Microbot Medical. Sysmex Corporation engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related so... More
Sysmex Corp 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 Sysmex Corp's 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 Sysmex Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.52 |
Sysmex Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sysmex Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sysmex Corp's standard deviation. In reality, there are many statistical measures that can use Sysmex Corp historical prices to predict the future Sysmex Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sysmex Corp'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.
Sysmex Corp Backtested Returns
Sysmex Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0781, which indicates the firm had a -0.0781% return per unit of risk over the last 3 months. Sysmex Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sysmex Corp's Risk Adjusted Performance of (0.07), coefficient of variation of (854.38), and Variance of 3.49 to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sysmex Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sysmex Corp is expected to be smaller as well. Sysmex Corp has an expected return of -0.15%. Please make sure to validate Sysmex Corp kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Sysmex Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Sysmex Corp has poor predictability. Overlapping area represents the amount of predictability between Sysmex Corp time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 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 Sysmex Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Sysmex Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
Sysmex Corp lagged returns against current returns
Autocorrelation, which is Sysmex Corp 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 Sysmex Corp's pink sheet expected returns. We can calculate the autocorrelation of Sysmex Corp returns to help us make a trade decision. For example, suppose you find that Sysmex Corp 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 |
Sysmex Corp 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 Sysmex Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sysmex Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sysmex Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sysmex Corp Lagged Returns
When evaluating Sysmex Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sysmex Corp pink sheet have on its future price. Sysmex Corp 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, Sysmex Corp autocorrelation shows the relationship between Sysmex Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sysmex Corp.
Regressed Prices |
| Timeline |
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Check out Sysmex Corp Correlation, Sysmex Corp Volatility and Sysmex Corp Alpha and Beta module to complement your research on Sysmex Corp. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Sysmex Pink Sheet analysis
When running Sysmex Corp's price analysis, check to measure Sysmex Corp'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 Sysmex Corp is operating at the current time. Most of Sysmex Corp's value examination focuses on studying past and present price action to predict the probability of Sysmex Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sysmex Corp's price. Additionally, you may evaluate how the addition of Sysmex Corp to your portfolios can decrease your overall portfolio volatility.
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Sysmex Corp 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.