Elixxer Stock Market Value

ELXR Stock  CAD 1.15  0.00  0.00%   
Elixxer's market value is the price at which a share of Elixxer trades on a public exchange. It measures the collective expectations of Elixxer investors about its performance. Elixxer is selling for under 1.15 as of the 22nd of December 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 1.15.
With this module, you can estimate the performance of a buy and hold strategy of Elixxer and determine expected loss or profit from investing in Elixxer over a given investment horizon. Check out Elixxer Correlation, Elixxer Volatility and Elixxer Alpha and Beta module to complement your research on Elixxer.
Symbol

Please note, there is a significant difference between Elixxer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elixxer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elixxer's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Elixxer '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 Elixxer'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 Elixxer.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Elixxer on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Elixxer or generate 0.0% return on investment in Elixxer over 30 days. Elixxer is related to or competes with Sangoma Technologies, Element Fleet, Sparx Technology, Exco Technologies, Medical Facilities, and Diamond Estates. Elixxer Ltd. operates as a cannabis investment firm in Canada, Australia, Italy, Jamaica, and Switzerland More

Elixxer 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 Elixxer'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 Elixxer upside and downside potential and time the market with a certain degree of confidence.

Elixxer Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Elixxer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elixxer's standard deviation. In reality, there are many statistical measures that can use Elixxer historical prices to predict the future Elixxer's volatility.
Hype
Prediction
LowEstimatedHigh
1.151.151.15
Details
Intrinsic
Valuation
LowRealHigh
1.151.151.15
Details
Naive
Forecast
LowNextHigh
1.151.151.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.151.151.15
Details

Elixxer Backtested Returns

We have found three technical indicators for Elixxer, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Elixxer are completely uncorrelated.

Auto-correlation

    
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No correlation between past and present

Elixxer has no correlation between past and present. Overlapping area represents the amount of predictability between Elixxer time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Elixxer price movement. The serial correlation of 0.0 indicates that just 0.0% of current Elixxer price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Elixxer lagged returns against current returns

Autocorrelation, which is Elixxer 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 Elixxer's stock expected returns. We can calculate the autocorrelation of Elixxer returns to help us make a trade decision. For example, suppose you find that Elixxer 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  

Elixxer 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 Elixxer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elixxer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elixxer stock over time.
   Current vs Lagged Prices   
       Timeline  

Elixxer Lagged Returns

When evaluating Elixxer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elixxer stock have on its future price. Elixxer 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, Elixxer autocorrelation shows the relationship between Elixxer stock current value and its past values and can show if there is a momentum factor associated with investing in Elixxer.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Explore Investing Ideas  

Additional Tools for Elixxer Stock Analysis

When running Elixxer's price analysis, check to measure Elixxer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elixxer is operating at the current time. Most of Elixxer's value examination focuses on studying past and present price action to predict the probability of Elixxer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elixxer's price. Additionally, you may evaluate how the addition of Elixxer to your portfolios can decrease your overall portfolio volatility.