Photocure Asa Stock Market Value
| PHCUF Stock | USD 5.60 1.12 25.00% |
| Symbol | Photocure |
Photocure ASA '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 Photocure ASA's pink sheet 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 Photocure ASA.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Photocure ASA on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Photocure ASA or generate 0.0% return on investment in Photocure ASA over 180 days. Photocure ASA, a specialty pharmaceutical company, engages in the research, development, production, distribution, marke... More
Photocure ASA 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 Photocure ASA's pink sheet 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 Photocure ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0961 | |||
| Maximum Drawdown | 23.76 |
Photocure ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Photocure ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Photocure ASA's standard deviation. In reality, there are many statistical measures that can use Photocure ASA historical prices to predict the future Photocure ASA's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.4128 | |||
| Total Risk Alpha | 0.2869 | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Photocure ASA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Photocure ASA Backtested Returns
Photocure ASA appears to be moderately volatile, given 3 months investment horizon. Photocure ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Photocure ASA, which you can use to evaluate the volatility of the company. Please evaluate Photocure ASA's Coefficient Of Variation of 957.46, variance of 15.02, and Risk Adjusted Performance of 0.0912 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Photocure ASA holds a performance score of 8. The company holds a Beta of -0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Photocure ASA are expected to decrease at a much lower rate. During the bear market, Photocure ASA is likely to outperform the market. Please check Photocure ASA's jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to make a quick decision on whether Photocure ASA's historical price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Photocure ASA has weak reverse predictability. Overlapping area represents the amount of predictability between Photocure ASA time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Photocure ASA price movement. The serial correlation of -0.23 indicates that over 23.0% of current Photocure ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Photocure ASA lagged returns against current returns
Autocorrelation, which is Photocure ASA pink sheet'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 Photocure ASA's pink sheet expected returns. We can calculate the autocorrelation of Photocure ASA returns to help us make a trade decision. For example, suppose you find that Photocure ASA has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Photocure ASA 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 Photocure ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Photocure ASA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Photocure ASA pink sheet over time.
Current vs Lagged Prices |
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Photocure ASA Lagged Returns
When evaluating Photocure ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Photocure ASA pink sheet have on its future price. Photocure ASA 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, Photocure ASA autocorrelation shows the relationship between Photocure ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Photocure ASA.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Photocure Pink Sheet
Photocure ASA financial ratios help investors to determine whether Photocure Pink Sheet 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 Photocure with respect to the benefits of owning Photocure ASA security.