Paxman AB (Sweden) Market Value
| PAX Stock | SEK 62.60 0.60 0.97% |
| Symbol | Paxman |
Paxman 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 Paxman 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 Paxman AB.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Paxman AB on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Paxman AB or generate 0.0% return on investment in Paxman AB over 90 days. Paxman AB is related to or competes with Dignitana, C Rad, Surgical Science, Sedana Medical, and Integrum. Paxman AB , together with its subsidiaries, develops and sells PAXMAN scalp cooling system for minimizing hair loss in c... More
Paxman 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 Paxman 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 Paxman AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.57 |
Paxman AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paxman AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paxman AB's standard deviation. In reality, there are many statistical measures that can use Paxman AB historical prices to predict the future Paxman AB's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.1696 | |||
| Treynor Ratio | (4.94) |
Paxman AB Backtested Returns
Paxman AB maintains Sharpe Ratio (i.e., Efficiency) of -0.015, which implies the firm had a -0.015 % return per unit of risk over the last 3 months. Paxman AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paxman AB's Variance of 6.11, coefficient of variation of (1,043), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of 0.05, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paxman AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paxman AB is expected to be smaller as well. At this point, Paxman AB has a negative expected return of -0.0317%. Please make sure to check Paxman AB's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if Paxman AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Paxman AB has poor reverse predictability. Overlapping area represents the amount of predictability between Paxman AB time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Paxman AB price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Paxman AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 4.15 |
Paxman AB lagged returns against current returns
Autocorrelation, which is Paxman 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 Paxman AB's stock expected returns. We can calculate the autocorrelation of Paxman AB returns to help us make a trade decision. For example, suppose you find that Paxman 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 |
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Paxman 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 Paxman AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paxman AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paxman AB stock over time.
Current vs Lagged Prices |
| Timeline |
Paxman AB Lagged Returns
When evaluating Paxman AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paxman AB stock have on its future price. Paxman 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, Paxman AB autocorrelation shows the relationship between Paxman AB stock current value and its past values and can show if there is a momentum factor associated with investing in Paxman AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Paxman Stock Analysis
When running Paxman AB's price analysis, check to measure Paxman AB'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 Paxman AB is operating at the current time. Most of Paxman AB's value examination focuses on studying past and present price action to predict the probability of Paxman AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paxman AB's price. Additionally, you may evaluate how the addition of Paxman AB to your portfolios can decrease your overall portfolio volatility.