Surmodics Stock Market Value
| SRDX Stock | USD 39.68 0.16 0.40% |
| Symbol | SurModics |
SurModics 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 SurModics. If investors know SurModics 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 SurModics 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 4.358 | Earnings Share (0.82) | Revenue Per Share 8.908 | Quarterly Revenue Growth 0.188 | Return On Assets (0.01) |
The market value of SurModics is measured differently than its book value, which is the value of SurModics that is recorded on the company's balance sheet. Investors also form their own opinion of SurModics' value that differs from its market value or its book value, called intrinsic value, which is SurModics' 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 SurModics' market value can be influenced by many factors that don't directly affect SurModics' 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 SurModics' value and its price as these two are different measures arrived at by different means. Investors typically determine if SurModics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SurModics' 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.
SurModics '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 SurModics' 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 SurModics.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in SurModics on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SurModics or generate 0.0% return on investment in SurModics over 60 days. SurModics is related to or competes with Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, Mednax, Doximity, and Veeva Systems. Surmodics, Inc., together with its subsidiaries, provides surface modification technologies for intravascular medical de... More
SurModics 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 SurModics' 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 SurModics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5256 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.06 |
SurModics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SurModics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SurModics' standard deviation. In reality, there are many statistical measures that can use SurModics historical prices to predict the future SurModics' volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0163 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SurModics' 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.
SurModics Backtested Returns
At this stage we consider SurModics Stock to be very steady. SurModics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0856, which indicates the firm had a 0.0856% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SurModics, which you can use to evaluate the volatility of the company. Please validate SurModics' Coefficient Of Variation of 4079.84, semi deviation of 0.4951, and Risk Adjusted Performance of 0.0164 to confirm if the risk estimate we provide is consistent with the expected return of 0.0509%. SurModics has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SurModics' returns are expected to increase less than the market. However, during the bear market, the loss of holding SurModics is expected to be smaller as well. SurModics right now has a risk of 0.6%. Please validate SurModics downside variance, as well as the relationship between the daily balance of power and relative strength index , to decide if SurModics will be following its existing price patterns.
Auto-correlation | 0.31 |
Below average predictability
SurModics has below average predictability. Overlapping area represents the amount of predictability between SurModics time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th of December 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 SurModics price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current SurModics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
SurModics lagged returns against current returns
Autocorrelation, which is SurModics 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 SurModics' stock expected returns. We can calculate the autocorrelation of SurModics returns to help us make a trade decision. For example, suppose you find that SurModics 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 |
SurModics 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 SurModics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SurModics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SurModics stock over time.
Current vs Lagged Prices |
| Timeline |
SurModics Lagged Returns
When evaluating SurModics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SurModics stock have on its future price. SurModics 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, SurModics autocorrelation shows the relationship between SurModics stock current value and its past values and can show if there is a momentum factor associated with investing in SurModics.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for SurModics Stock Analysis
When running SurModics' price analysis, check to measure SurModics' 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 SurModics is operating at the current time. Most of SurModics' value examination focuses on studying past and present price action to predict the probability of SurModics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SurModics' price. Additionally, you may evaluate how the addition of SurModics to your portfolios can decrease your overall portfolio volatility.