Medmira Stock Market Value
| MIR Stock | CAD 0.07 0.01 6.25% |
| Symbol | MedMira |
MedMira Price To Book Ratio
MedMira '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 MedMira'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 MedMira.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in MedMira on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding MedMira or generate 0.0% return on investment in MedMira over 90 days. MedMira is related to or competes with Canadian General, CNJ Capital, Dream Office, Western Investment, and Canlan Ice. MedMira Inc., a biotechnology company, researches, develops, manufactures, and commercializes rapid diagnostics and tech... More
MedMira 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 MedMira'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 MedMira upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
MedMira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MedMira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MedMira's standard deviation. In reality, there are many statistical measures that can use MedMira historical prices to predict the future MedMira's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 6.07 |
MedMira Backtested Returns
MedMira has Sharpe Ratio of -0.0904, which conveys that the firm had a -0.0904 % return per unit of risk over the last 3 months. MedMira exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MedMira's Risk Adjusted Performance of (0.06), mean deviation of 2.04, and Standard Deviation of 4.41 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0575, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MedMira are expected to decrease at a much lower rate. During the bear market, MedMira is likely to outperform the market. At this point, MedMira has a negative expected return of -0.37%. Please make sure to verify MedMira's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if MedMira performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
MedMira has poor predictability. Overlapping area represents the amount of predictability between MedMira time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MedMira price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current MedMira price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MedMira lagged returns against current returns
Autocorrelation, which is MedMira 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 MedMira's stock expected returns. We can calculate the autocorrelation of MedMira returns to help us make a trade decision. For example, suppose you find that MedMira 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 |
MedMira 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 MedMira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MedMira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MedMira stock over time.
Current vs Lagged Prices |
| Timeline |
MedMira Lagged Returns
When evaluating MedMira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MedMira stock have on its future price. MedMira 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, MedMira autocorrelation shows the relationship between MedMira stock current value and its past values and can show if there is a momentum factor associated with investing in MedMira.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MedMira Stock Analysis
When running MedMira's price analysis, check to measure MedMira'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 MedMira is operating at the current time. Most of MedMira's value examination focuses on studying past and present price action to predict the probability of MedMira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MedMira's price. Additionally, you may evaluate how the addition of MedMira to your portfolios can decrease your overall portfolio volatility.