Acarix AS (Sweden) Market Value
| ACARIX Stock | SEK 0.24 0.01 4.35% |
| Symbol | Acarix |
Acarix AS '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 Acarix AS'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 Acarix AS.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Acarix AS on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Acarix AS or generate 0.0% return on investment in Acarix AS over 90 days. Acarix AS is related to or competes with Saniona AB, Cantargia, Biovica International, and ExpreS2ion Biotech. Acarix AB , a medical technology company, develops and commercializes diagnostic tests for cardiovascular diseases prima... More
Acarix AS 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 Acarix AS'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 Acarix AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.7 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 5.0 |
Acarix AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acarix AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acarix AS's standard deviation. In reality, there are many statistical measures that can use Acarix AS historical prices to predict the future Acarix AS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | 0.3295 | |||
| Treynor Ratio | 1.63 |
Acarix AS Backtested Returns
Acarix AS secures Sharpe Ratio (or Efficiency) of -0.014, which signifies that the company had a -0.014 % return per unit of standard deviation over the last 3 months. Acarix AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acarix AS's mean deviation of 2.71, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acarix AS are expected to decrease at a much lower rate. During the bear market, Acarix AS is likely to outperform the market. At this point, Acarix AS has a negative expected return of -0.0565%. Please make sure to confirm Acarix AS's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Acarix AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Acarix AS has average predictability. Overlapping area represents the amount of predictability between Acarix AS time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Acarix AS price movement. The serial correlation of 0.48 indicates that about 48.0% of current Acarix AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Acarix AS lagged returns against current returns
Autocorrelation, which is Acarix AS 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 Acarix AS's stock expected returns. We can calculate the autocorrelation of Acarix AS returns to help us make a trade decision. For example, suppose you find that Acarix AS 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 |
Acarix AS 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 Acarix AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acarix AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acarix AS stock over time.
Current vs Lagged Prices |
| Timeline |
Acarix AS Lagged Returns
When evaluating Acarix AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acarix AS stock have on its future price. Acarix AS 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, Acarix AS autocorrelation shows the relationship between Acarix AS stock current value and its past values and can show if there is a momentum factor associated with investing in Acarix AS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Acarix Stock
Acarix AS financial ratios help investors to determine whether Acarix 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 Acarix with respect to the benefits of owning Acarix AS security.