SCANDION ONC (Germany) Market Value
| 8VY Stock | EUR 0.01 0.00 0.00% |
| Symbol | SCANDION |
SCANDION ONC '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 SCANDION ONC'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 SCANDION ONC.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in SCANDION ONC on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding SCANDION ONC DK 0735 or generate 0.0% return on investment in SCANDION ONC over 90 days. SCANDION ONC is related to or competes with DALATA HOTEL, Waste Management, Choice Hotels, NH HOTEL, Coor Service, and MIRAMAR HOTEL. Scandion Oncology AS, a biotechnology company, develops drugs for the treatment of chemotherapy resistance in cancer pat... More
SCANDION ONC 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 SCANDION ONC'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 SCANDION ONC DK 0735 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0017 | |||
| Maximum Drawdown | 34.85 | |||
| Value At Risk | (5.41) |
SCANDION ONC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCANDION ONC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCANDION ONC's standard deviation. In reality, there are many statistical measures that can use SCANDION ONC historical prices to predict the future SCANDION ONC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.3539 | |||
| Treynor Ratio | (0.35) |
SCANDION ONC DK Backtested Returns
SCANDION ONC DK retains Efficiency (Sharpe Ratio) of -0.16, which indicates the company had a -0.16 % return per unit of risk over the last 3 months. SCANDION ONC exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCANDION ONC's Coefficient Of Variation of (3,933), market risk adjusted performance of (0.34), and Information Ratio of 0.0017 to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCANDION ONC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCANDION ONC is expected to be smaller as well. At this point, SCANDION ONC DK has a negative expected return of -0.4%. Please make sure to validate SCANDION ONC's jensen alpha, kurtosis, and the relationship between the variance and value at risk , to decide if SCANDION ONC DK performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
SCANDION ONC DK 0735 has no correlation between past and present. Overlapping area represents the amount of predictability between SCANDION ONC time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 SCANDION ONC DK price movement. The serial correlation of 0.0 indicates that just 0.0% of current SCANDION ONC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SCANDION ONC DK lagged returns against current returns
Autocorrelation, which is SCANDION ONC 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 SCANDION ONC's stock expected returns. We can calculate the autocorrelation of SCANDION ONC returns to help us make a trade decision. For example, suppose you find that SCANDION ONC 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 |
SCANDION ONC 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 SCANDION ONC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCANDION ONC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCANDION ONC stock over time.
Current vs Lagged Prices |
| Timeline |
SCANDION ONC Lagged Returns
When evaluating SCANDION ONC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCANDION ONC stock have on its future price. SCANDION ONC 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, SCANDION ONC autocorrelation shows the relationship between SCANDION ONC stock current value and its past values and can show if there is a momentum factor associated with investing in SCANDION ONC DK 0735.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SCANDION Stock
SCANDION ONC financial ratios help investors to determine whether SCANDION Stock 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 SCANDION with respect to the benefits of owning SCANDION ONC security.