Multiplan Stock Market Value
| MPLN Stock | USD 7.89 0.82 11.60% |
| Symbol | MultiPlan |
MultiPlan Price To Book Ratio
Is Health Care Equipment & Supplies space 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 MultiPlan. If investors know MultiPlan 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 MultiPlan 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 (0.99) | Earnings Share (95.28) | Revenue Per Share 58.328 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0129 |
The market value of MultiPlan is measured differently than its book value, which is the value of MultiPlan that is recorded on the company's balance sheet. Investors also form their own opinion of MultiPlan's value that differs from its market value or its book value, called intrinsic value, which is MultiPlan'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 MultiPlan's market value can be influenced by many factors that don't directly affect MultiPlan'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 MultiPlan's value and its price as these two are different measures arrived at by different means. Investors typically determine if MultiPlan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MultiPlan'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.
MultiPlan '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 MultiPlan'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 MultiPlan.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in MultiPlan on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding MultiPlan or generate 0.0% return on investment in MultiPlan over 180 days. MultiPlan is related to or competes with FOXO Technologies, Heartbeam, EUDA Health, Nutex Health, Healthcare Triangle, CareMax, and MSP Recovery. MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, p... More
MultiPlan 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 MultiPlan'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 MultiPlan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.23 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.45 | |||
| Value At Risk | (12.14) | |||
| Potential Upside | 12.78 |
MultiPlan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MultiPlan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MultiPlan's standard deviation. In reality, there are many statistical measures that can use MultiPlan historical prices to predict the future MultiPlan's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0271 |
MultiPlan Backtested Returns
As of now, MultiPlan Stock is very risky. MultiPlan has Sharpe Ratio of 0.0023, which conveys that the firm had a 0.0023% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MultiPlan, which you can use to evaluate the volatility of the firm. Please verify MultiPlan's Downside Deviation of 7.23, risk adjusted performance of 0.0146, and Mean Deviation of 5.98 to check out if the risk estimate we provide is consistent with the expected return of 0.018%. The company secures a Beta (Market Risk) of 1.75, which conveys 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, MultiPlan will likely underperform. MultiPlan right now secures a risk of 7.91%. Please verify MultiPlan semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if MultiPlan will be following its current price movements.
Auto-correlation | 0.65 |
Good predictability
MultiPlan has good predictability. Overlapping area represents the amount of predictability between MultiPlan time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 MultiPlan price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current MultiPlan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
MultiPlan lagged returns against current returns
Autocorrelation, which is MultiPlan 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 MultiPlan's stock expected returns. We can calculate the autocorrelation of MultiPlan returns to help us make a trade decision. For example, suppose you find that MultiPlan 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 |
MultiPlan 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 MultiPlan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MultiPlan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MultiPlan stock over time.
Current vs Lagged Prices |
| Timeline |
MultiPlan Lagged Returns
When evaluating MultiPlan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MultiPlan stock have on its future price. MultiPlan 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, MultiPlan autocorrelation shows the relationship between MultiPlan stock current value and its past values and can show if there is a momentum factor associated with investing in MultiPlan.
Regressed Prices |
| Timeline |
Pair Trading with MultiPlan
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 MultiPlan 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 MultiPlan will appreciate offsetting losses from the drop in the long position's value.Moving against MultiPlan Stock
| 0.65 | GH | Guardant Health | PairCorr |
| 0.55 | LH | Laboratory | PairCorr |
| 0.54 | OM | Outset Medical | PairCorr |
| 0.51 | VREX | Varex Imaging Corp | PairCorr |
| 0.49 | DOCS | Doximity | PairCorr |
The ability to find closely correlated positions to MultiPlan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MultiPlan 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 MultiPlan - 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 MultiPlan to buy it.
The correlation of MultiPlan 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 MultiPlan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MultiPlan 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 MultiPlan 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 MultiPlan Correlation, MultiPlan Volatility and MultiPlan Alpha and Beta module to complement your research on MultiPlan. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
MultiPlan 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.