Mednax Inc Stock Market Value
| MD Stock | USD 9.04 0.14 1.57% |
| Symbol | Mednax |
Mednax Inc Price To Book Ratio
Is Mednax'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 Mednax. If investors know Mednax 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 Mednax 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 (0.31) | Revenue Per Share 24.265 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0432 | Return On Equity (0.07) |
The market value of Mednax Inc is measured differently than its book value, which is the value of Mednax that is recorded on the company's balance sheet. Investors also form their own opinion of Mednax's value that differs from its market value or its book value, called intrinsic value, which is Mednax'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 Mednax's market value can be influenced by many factors that don't directly affect Mednax'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 Mednax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mednax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mednax'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.
Mednax '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 Mednax'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 Mednax.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Mednax on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mednax Inc or generate 0.0% return on investment in Mednax over 30 days. Mednax is related to or competes with Acadia Healthcare, Select Medical, Universal Health, Prestige Brand, and US Physicalrapy. Pediatrix Medical Group, Inc., together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, a... More
Mednax 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 Mednax'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 Mednax Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.84 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.34 |
Mednax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mednax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mednax's standard deviation. In reality, there are many statistical measures that can use Mednax historical prices to predict the future Mednax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mednax'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.
Mednax Inc Backtested Returns
Mednax Inc has Sharpe Ratio of -0.044, which conveys that the firm had a -0.044% return per unit of risk over the last 3 months. Mednax exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mednax's Standard Deviation of 2.42, risk adjusted performance of (0.02), and Mean Deviation of 1.86 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mednax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mednax is expected to be smaller as well. Mednax Inc has an expected return of -0.11%. Please make sure to verify Mednax Inc potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Mednax Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Mednax Inc has good predictability. Overlapping area represents the amount of predictability between Mednax time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Mednax Inc price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Mednax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Mednax Inc lagged returns against current returns
Autocorrelation, which is Mednax 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 Mednax's stock expected returns. We can calculate the autocorrelation of Mednax returns to help us make a trade decision. For example, suppose you find that Mednax 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 |
Mednax 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 Mednax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mednax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mednax stock over time.
Current vs Lagged Prices |
| Timeline |
Mednax Lagged Returns
When evaluating Mednax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mednax stock have on its future price. Mednax 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, Mednax autocorrelation shows the relationship between Mednax stock current value and its past values and can show if there is a momentum factor associated with investing in Mednax Inc.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mednax in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mednax's short interest history, or implied volatility extrapolated from Mednax options trading.
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Try AI Portfolio ArchitectCheck out Mednax Correlation, Mednax Volatility and Mednax Alpha and Beta module to complement your research on Mednax. Note that the Mednax Inc information on this page should be used as a complementary analysis to other Mednax'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Mednax Stock analysis
When running Mednax's price analysis, check to measure Mednax'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 Mednax is operating at the current time. Most of Mednax's value examination focuses on studying past and present price action to predict the probability of Mednax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mednax's price. Additionally, you may evaluate how the addition of Mednax to your portfolios can decrease your overall portfolio volatility.
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Mednax 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.