Paxman AB (Sweden) Market Value

PAX Stock  SEK 66.00  1.00  1.49%   
Paxman AB's market value is the price at which a share of Paxman AB trades on a public exchange. It measures the collective expectations of Paxman AB investors about its performance. Paxman AB is selling for under 66.00 as of the 4th of March 2025; that is 1.49 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 65.2.
With this module, you can estimate the performance of a buy and hold strategy of Paxman AB and determine expected loss or profit from investing in Paxman AB over a given investment horizon. Check out Paxman AB Correlation, Paxman AB Volatility and Paxman AB Alpha and Beta module to complement your research on Paxman AB.
Symbol

Please note, there is a significant difference between Paxman AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paxman AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paxman AB'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.

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.
0.00
03/15/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/04/2025
0.00
If you would invest  0.00  in Paxman AB on March 15, 2023 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
64.4667.0069.54
Details
Intrinsic
Valuation
LowRealHigh
54.4556.9973.70
Details
Naive
Forecast
LowNextHigh
62.6065.1467.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.5168.5274.53
Details

Paxman AB Backtested Returns

Paxman AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0546, which implies the firm had a -0.0546 % return per unit of risk over the last 3 months. Paxman AB exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paxman AB's Risk Adjusted Performance of 0.0432, semi deviation of 2.54, and Coefficient Of Variation of 2074.14 to confirm the risk estimate we provide. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paxman AB are expected to decrease at a much lower rate. During the bear market, Paxman AB is likely to outperform the market. At this point, Paxman AB has a negative expected return of -0.14%. Please make sure to check Paxman AB's downside variance, as well as the relationship between the kurtosis and day median price , to decide if Paxman AB performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.01  

Virtually no predictability

Paxman AB has virtually no predictability. Overlapping area represents the amount of predictability between Paxman AB time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 0.01 indicates that just 1.0% of current Paxman AB price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.11
Residual Average0.0
Price Variance145.16

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   
       Timeline  

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

Explore Investment 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.