Elixinol Wellness (Germany) Market Value
| E8M Stock | EUR 0.02 0 10.00% |
| Symbol | Elixinol |
Elixinol Wellness '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 Elixinol Wellness' 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 Elixinol Wellness.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Elixinol Wellness on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Elixinol Wellness Limited or generate 0.0% return on investment in Elixinol Wellness over 60 days. Elixinol Wellness is related to or competes with Merck, Takeda Pharmaceutical, HANSOH PHARMAC, Guangzhou Baiyunshan, ASPEN PHARUNADR, CanSino Biologics, and Tsumura. Elixinol Wellness Limited, through its subsidiaries, manufactures and distributes industrial hemp-based nutraceutical, d... More
Elixinol Wellness 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 Elixinol Wellness' 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 Elixinol Wellness Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 37.04 | |||
| Information Ratio | 0.1345 | |||
| Maximum Drawdown | 384.09 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 50.0 |
Elixinol Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elixinol Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elixinol Wellness' standard deviation. In reality, there are many statistical measures that can use Elixinol Wellness historical prices to predict the future Elixinol Wellness' volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | 6.96 | |||
| Total Risk Alpha | 4.59 | |||
| Sortino Ratio | 0.1814 | |||
| Treynor Ratio | (1.13) |
Elixinol Wellness Backtested Returns
Elixinol Wellness is out of control given 3 months investment horizon. Elixinol Wellness secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 6.98% are justified by taking the suggested risk. Use Elixinol Wellness Downside Deviation of 37.04, coefficient of variation of 738.54, and Mean Deviation of 17.61 to evaluate company specific risk that cannot be diversified away. Elixinol Wellness holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -5.97, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Elixinol Wellness are expected to decrease by larger amounts. On the other hand, during market turmoil, Elixinol Wellness is expected to outperform it. Use Elixinol Wellness information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Elixinol Wellness.
Auto-correlation | 0.93 |
Excellent predictability
Elixinol Wellness Limited has excellent predictability. Overlapping area represents the amount of predictability between Elixinol Wellness 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 Elixinol Wellness price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Elixinol Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elixinol Wellness lagged returns against current returns
Autocorrelation, which is Elixinol Wellness 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 Elixinol Wellness' stock expected returns. We can calculate the autocorrelation of Elixinol Wellness returns to help us make a trade decision. For example, suppose you find that Elixinol Wellness 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 |
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Elixinol Wellness 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 Elixinol Wellness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elixinol Wellness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elixinol Wellness stock over time.
Current vs Lagged Prices |
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Elixinol Wellness Lagged Returns
When evaluating Elixinol Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elixinol Wellness stock have on its future price. Elixinol Wellness 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, Elixinol Wellness autocorrelation shows the relationship between Elixinol Wellness stock current value and its past values and can show if there is a momentum factor associated with investing in Elixinol Wellness Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Elixinol Stock
Elixinol Wellness financial ratios help investors to determine whether Elixinol 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 Elixinol with respect to the benefits of owning Elixinol Wellness security.