Profound Medical Corp Stock Market Value
| PROF Stock | USD 7.52 0.03 0.40% |
| Symbol | Profound |
Profound Medical Corp 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 Profound Medical. If investors know Profound 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 Profound Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.34) | Revenue Per Share 0.38 | Quarterly Revenue Growth 0.639 | Return On Assets (0.45) | Return On Equity (0.90) |
The market value of Profound Medical Corp is measured differently than its book value, which is the value of Profound that is recorded on the company's balance sheet. Investors also form their own opinion of Profound Medical's value that differs from its market value or its book value, called intrinsic value, which is Profound Medical'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 Profound Medical's market value can be influenced by many factors that don't directly affect Profound Medical'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 Profound Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profound Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profound Medical'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.
Profound Medical '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 Profound Medical'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 Profound Medical.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Profound Medical on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Profound Medical Corp or generate 0.0% return on investment in Profound Medical over 30 days. Profound Medical is related to or competes with Si Bone, Sight Sciences, Nevro Corp, Paragon 28, Pulmonx Corp, Iradimed, and Orthofix Medical. Profound Medical Corp., together with its subsidiaries, operates as a commercial-stage medical device company that devel... More
Profound Medical 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 Profound Medical'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 Profound Medical Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 18.74 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.26 |
Profound Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profound Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profound Medical's standard deviation. In reality, there are many statistical measures that can use Profound Medical historical prices to predict the future Profound Medical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.52) |
Profound Medical Corp Backtested Returns
Profound Medical Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0751, which implies the firm had a -0.0751% return per unit of risk over the last 3 months. Profound Medical Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Profound Medical's Coefficient Of Variation of (1,134), risk adjusted performance of (0.06), and Variance of 9.48 to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Profound Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Profound Medical is expected to be smaller as well. At this point, Profound Medical Corp has a negative expected return of -0.23%. Please make sure to check Profound Medical's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Profound Medical Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Profound Medical Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Profound Medical time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Profound Medical Corp price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Profound Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Profound Medical Corp lagged returns against current returns
Autocorrelation, which is Profound Medical 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 Profound Medical's stock expected returns. We can calculate the autocorrelation of Profound Medical returns to help us make a trade decision. For example, suppose you find that Profound Medical 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 |
Profound Medical 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 Profound Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profound Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profound Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Profound Medical Lagged Returns
When evaluating Profound Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profound Medical stock have on its future price. Profound Medical 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, Profound Medical autocorrelation shows the relationship between Profound Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Profound Medical Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Profound Medical Corp is a strong investment it is important to analyze Profound Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Profound Medical's future performance. For an informed investment choice regarding Profound Stock, refer to the following important reports:Check out Profound Medical Correlation, Profound Medical Volatility and Profound Medical Alpha and Beta module to complement your research on Profound Medical. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Profound Medical 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.