Medicure Stock Market Value
| MCUJF Stock | USD 0.81 0.00 0.00% |
| Symbol | Medicure |
Medicure '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 Medicure's pink sheet 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 Medicure.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Medicure on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Medicure or generate 0.0% return on investment in Medicure over 90 days. Medicure is related to or competes with Cronos, Covalon Technologies, Medicure, Pharma Bio, Pacific Health, and Vext Science. Medicure Inc., a biopharmaceutical company, engages in the research, development, and commercialization of human therapi... More
Medicure 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 Medicure's pink sheet 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 Medicure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.65 | |||
| Information Ratio | 0.1173 | |||
| Maximum Drawdown | 31.56 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 10.29 |
Medicure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medicure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medicure's standard deviation. In reality, there are many statistical measures that can use Medicure historical prices to predict the future Medicure's volatility.| Risk Adjusted Performance | 0.1448 | |||
| Jensen Alpha | 0.6353 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0876 | |||
| Treynor Ratio | 1.18 |
Medicure Backtested Returns
Medicure appears to be abnormally volatile, given 3 months investment horizon. Medicure has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of risk over the last 3 months. By analyzing Medicure's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Medicure's Downside Deviation of 6.65, risk adjusted performance of 0.1448, and Mean Deviation of 2.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Medicure holds a performance score of 12. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Medicure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medicure is expected to be smaller as well. Please check Medicure's information ratio and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Medicure's current price movements will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Medicure has modest reverse predictability. Overlapping area represents the amount of predictability between Medicure time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Medicure price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Medicure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medicure lagged returns against current returns
Autocorrelation, which is Medicure pink sheet'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 Medicure's pink sheet expected returns. We can calculate the autocorrelation of Medicure returns to help us make a trade decision. For example, suppose you find that Medicure has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Medicure 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 Medicure pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medicure pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medicure pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medicure Lagged Returns
When evaluating Medicure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medicure pink sheet have on its future price. Medicure 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, Medicure autocorrelation shows the relationship between Medicure pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medicure.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Medicure Pink Sheet
Medicure financial ratios help investors to determine whether Medicure Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Medicure with respect to the benefits of owning Medicure security.