PHOENIX N (Switzerland) Market Value
| PMN Stock | 422.00 6.00 1.44% |
| Symbol | PHOENIX |
PHOENIX N '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 PHOENIX N'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 PHOENIX N.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in PHOENIX N on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding PHOENIX N AG or generate 0.0% return on investment in PHOENIX N over 30 days.
PHOENIX N 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 PHOENIX N'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 PHOENIX N AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.56 |
PHOENIX N Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHOENIX N's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHOENIX N's standard deviation. In reality, there are many statistical measures that can use PHOENIX N historical prices to predict the future PHOENIX N's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.12) |
PHOENIX N AG Backtested Returns
PHOENIX N AG maintains Sharpe Ratio (i.e., Efficiency) of -0.054, which implies the firm had a -0.054% return per unit of volatility over the last 3 months. PHOENIX N AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PHOENIX N's coefficient of variation of (3,286), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PHOENIX N's returns are expected to increase less than the market. However, during the bear market, the loss of holding PHOENIX N is expected to be smaller as well. At this point, PHOENIX N AG has a negative expected return of -0.0992%. Please make sure to check PHOENIX N's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if PHOENIX N AG performance from the past will be repeated at future time.
Auto-correlation | 0.48 |
Average predictability
PHOENIX N AG has average predictability. Overlapping area represents the amount of predictability between PHOENIX N time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 PHOENIX N AG price movement. The serial correlation of 0.48 indicates that about 48.0% of current PHOENIX N price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 13.16 |
PHOENIX N AG lagged returns against current returns
Autocorrelation, which is PHOENIX N 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 PHOENIX N's stock expected returns. We can calculate the autocorrelation of PHOENIX N returns to help us make a trade decision. For example, suppose you find that PHOENIX N 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 |
PHOENIX N 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 PHOENIX N stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHOENIX N stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHOENIX N stock over time.
Current vs Lagged Prices |
| Timeline |
PHOENIX N Lagged Returns
When evaluating PHOENIX N's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHOENIX N stock have on its future price. PHOENIX N 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, PHOENIX N autocorrelation shows the relationship between PHOENIX N stock current value and its past values and can show if there is a momentum factor associated with investing in PHOENIX N AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for PHOENIX Stock Analysis
When running PHOENIX N's price analysis, check to measure PHOENIX N'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 PHOENIX N is operating at the current time. Most of PHOENIX N's value examination focuses on studying past and present price action to predict the probability of PHOENIX N's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PHOENIX N's price. Additionally, you may evaluate how the addition of PHOENIX N to your portfolios can decrease your overall portfolio volatility.