Axon Enterprise (UK) Market Value
| 0HKE Stock | 632.74 7.44 1.19% |
| Symbol | Axon |
Axon Enterprise '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 Axon Enterprise'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 Axon Enterprise.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Axon Enterprise on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Axon Enterprise or generate 0.0% return on investment in Axon Enterprise over 720 days. Axon Enterprise is related to or competes with Lendinvest PLC, Neometals, Albion Technology, Jupiter Fund, JPMorgan ETFs, Fidelity Sustainable, and Supermarket Income. Axon Enterprise is entity of United Kingdom More
Axon Enterprise 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 Axon Enterprise'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 Axon Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1997 | |||
| Maximum Drawdown | 31.69 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.88 |
Axon Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axon Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axon Enterprise's standard deviation. In reality, there are many statistical measures that can use Axon Enterprise historical prices to predict the future Axon Enterprise's volatility.| Risk Adjusted Performance | 0.1868 | |||
| Jensen Alpha | 0.7092 | |||
| Total Risk Alpha | 0.2814 | |||
| Sortino Ratio | 0.4525 | |||
| Treynor Ratio | 0.6152 |
Axon Enterprise Backtested Returns
Axon Enterprise appears to be very steady, given 3 months investment horizon. Axon Enterprise secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Axon Enterprise's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of Axon Enterprise's Mean Deviation of 1.72, risk adjusted performance of 0.1868, and Downside Deviation of 1.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Axon Enterprise holds a performance score of 19. The firm shows a Beta (market volatility) of 1.43, which signifies 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, Axon Enterprise will likely underperform. Please check Axon Enterprise's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Axon Enterprise's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Axon Enterprise has good predictability. Overlapping area represents the amount of predictability between Axon Enterprise time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Axon Enterprise price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Axon Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5816.18 |
Axon Enterprise lagged returns against current returns
Autocorrelation, which is Axon Enterprise 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 Axon Enterprise's stock expected returns. We can calculate the autocorrelation of Axon Enterprise returns to help us make a trade decision. For example, suppose you find that Axon Enterprise 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 |
Axon Enterprise 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 Axon Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axon Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axon Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Axon Enterprise Lagged Returns
When evaluating Axon Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axon Enterprise stock have on its future price. Axon Enterprise 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, Axon Enterprise autocorrelation shows the relationship between Axon Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Axon Enterprise.
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 Axon Stock Analysis
When running Axon Enterprise's price analysis, check to measure Axon Enterprise'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 Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.