AXichem AB (Sweden) Market Value
| AXIC-A Stock | SEK 1.22 0.02 1.67% |
| Symbol | AXichem |
AXichem AB '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 AXichem AB'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 AXichem AB.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in AXichem AB on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding aXichem AB or generate 0.0% return on investment in AXichem AB over 510 days. AXichem AB is related to or competes with Enzymatica Publ, Bactiguard Holding, Cantargia, BIMobject, and Alzinova. aXichem AB develops, patents, and markets natural-analogue industrial compounds for the marine, pest control, feed ingre... More
AXichem AB 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 AXichem AB'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 aXichem AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.9 | |||
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 35.65 | |||
| Value At Risk | (8.53) | |||
| Potential Upside | 12.4 |
AXichem AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXichem AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXichem AB's standard deviation. In reality, there are many statistical measures that can use AXichem AB historical prices to predict the future AXichem AB's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | 0.0896 | |||
| Total Risk Alpha | (0.91) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.2361 |
aXichem AB Backtested Returns
At this point, AXichem AB is abnormally volatile. aXichem AB secures Sharpe Ratio (or Efficiency) of 0.0148, which signifies that the company had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for aXichem AB, which you can use to evaluate the volatility of the firm. Please confirm AXichem AB's Semi Deviation of 6.37, risk adjusted performance of 0.0283, and Downside Deviation of 6.9 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. AXichem AB has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AXichem AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding AXichem AB is expected to be smaller as well. aXichem AB right now shows a risk of 6.91%. Please confirm aXichem AB information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if aXichem AB will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
aXichem AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between AXichem AB time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 aXichem AB price movement. The serial correlation of -0.17 indicates that over 17.0% of current AXichem AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
aXichem AB lagged returns against current returns
Autocorrelation, which is AXichem AB 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 AXichem AB's stock expected returns. We can calculate the autocorrelation of AXichem AB returns to help us make a trade decision. For example, suppose you find that AXichem AB 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 |
AXichem AB 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 AXichem AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXichem AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXichem AB stock over time.
Current vs Lagged Prices |
| Timeline |
AXichem AB Lagged Returns
When evaluating AXichem AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXichem AB stock have on its future price. AXichem AB 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, AXichem AB autocorrelation shows the relationship between AXichem AB stock current value and its past values and can show if there is a momentum factor associated with investing in aXichem AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in AXichem Stock
AXichem AB financial ratios help investors to determine whether AXichem 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 AXichem with respect to the benefits of owning AXichem AB security.