XMReality (Sweden) Market Value
| XMR Stock | SEK 0.02 0.0005 2.56% |
| Symbol | XMReality |
XMReality '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 XMReality'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 XMReality.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in XMReality on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding XMReality AB or generate 0.0% return on investment in XMReality over 90 days. XMReality is related to or competes with Tangiamo Touch, Zaplox AB, Alligator Bioscience, and Garo AB. XMReality AB develops and sells solutions for knowledge sharing through augmented reality in Sweden More
XMReality 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 XMReality'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 XMReality AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 77.5 | |||
| Value At Risk | (11.67) | |||
| Potential Upside | 10.53 |
XMReality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XMReality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XMReality's standard deviation. In reality, there are many statistical measures that can use XMReality historical prices to predict the future XMReality's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.81) | |||
| Treynor Ratio | (0.16) |
XMReality AB Backtested Returns
XMReality AB shows Sharpe Ratio of -0.0243, which attests that the company had a -0.0243% return per unit of risk over the last 3 months. XMReality AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XMReality's Standard Deviation of 10.15, mean deviation of 6.2, and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The firm maintains a market beta of 1.26, which attests to 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, XMReality will likely underperform. At this point, XMReality AB has a negative expected return of -0.25%. Please make sure to check out XMReality's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if XMReality AB performance from the past will be repeated at some future point.
Auto-correlation | 0.07 |
Virtually no predictability
XMReality AB has virtually no predictability. Overlapping area represents the amount of predictability between XMReality time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 XMReality AB price movement. The serial correlation of 0.07 indicates that barely 7.0% of current XMReality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XMReality AB lagged returns against current returns
Autocorrelation, which is XMReality 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 XMReality's stock expected returns. We can calculate the autocorrelation of XMReality returns to help us make a trade decision. For example, suppose you find that XMReality 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 |
XMReality 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 XMReality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XMReality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XMReality stock over time.
Current vs Lagged Prices |
| Timeline |
XMReality Lagged Returns
When evaluating XMReality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XMReality stock have on its future price. XMReality 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, XMReality autocorrelation shows the relationship between XMReality stock current value and its past values and can show if there is a momentum factor associated with investing in XMReality AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for XMReality Stock Analysis
When running XMReality's price analysis, check to measure XMReality'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 XMReality is operating at the current time. Most of XMReality's value examination focuses on studying past and present price action to predict the probability of XMReality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XMReality's price. Additionally, you may evaluate how the addition of XMReality to your portfolios can decrease your overall portfolio volatility.