Ngenic AB (Sweden) Market Value
| NGENIC Stock | 0.13 0.01 7.14% |
| Symbol | Ngenic |
Ngenic 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 Ngenic 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 Ngenic AB.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Ngenic AB on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Ngenic AB or generate 0.0% return on investment in Ngenic AB over 30 days. Ngenic AB is related to or competes with Integrum, Lipigon Pharmaceuticals, Concejo AB, Diadrom Holding, and Greater Than. More
Ngenic 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 Ngenic 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 Ngenic AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.5 | |||
| Information Ratio | 0.0878 | |||
| Maximum Drawdown | 780.21 | |||
| Value At Risk | (46.84) | |||
| Potential Upside | 31.11 |
Ngenic AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ngenic AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ngenic AB's standard deviation. In reality, there are many statistical measures that can use Ngenic AB historical prices to predict the future Ngenic AB's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 8.12 | |||
| Total Risk Alpha | 10.9 | |||
| Sortino Ratio | 0.2931 | |||
| Treynor Ratio | 2.29 |
Ngenic AB Backtested Returns
Ngenic AB is out of control given 3 months investment horizon. Ngenic AB has Sharpe Ratio of 0.0792, which conveys that the firm had a 0.0792 % return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 7.61% are justified by taking the suggested risk. Use Ngenic AB Downside Deviation of 27.5, mean deviation of 26.86, and Risk Adjusted Performance of 0.0745 to evaluate company specific risk that cannot be diversified away. Ngenic AB holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.5, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ngenic AB will likely underperform. Use Ngenic AB semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to analyze future returns on Ngenic AB.
Auto-correlation | 0.54 |
Modest predictability
Ngenic AB has modest predictability. Overlapping area represents the amount of predictability between Ngenic AB time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Ngenic AB price movement. The serial correlation of 0.54 indicates that about 54.0% of current Ngenic AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ngenic AB lagged returns against current returns
Autocorrelation, which is Ngenic 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 Ngenic AB's stock expected returns. We can calculate the autocorrelation of Ngenic AB returns to help us make a trade decision. For example, suppose you find that Ngenic 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 |
Ngenic 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 Ngenic AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ngenic AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ngenic AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ngenic AB Lagged Returns
When evaluating Ngenic AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ngenic AB stock have on its future price. Ngenic 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, Ngenic AB autocorrelation shows the relationship between Ngenic AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ngenic AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ngenic Stock
Ngenic AB financial ratios help investors to determine whether Ngenic 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 Ngenic with respect to the benefits of owning Ngenic AB security.