Axactor SE (Norway) Market Value
| ACR Stock | NOK 3.11 0.21 6.33% |
| Symbol | Axactor |
Axactor SE '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 Axactor SE'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 Axactor SE.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Axactor SE on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Axactor SE or generate 0.0% return on investment in Axactor SE over 30 days. Axactor SE is related to or competes with Storebrand ASA, Aker BP, MPC Container, and Norske Skog. Axactor SE, through its subsidiaries, operates as a debt management company in Sweden, Finland, Germany, Italy, Norway, ... More
Axactor SE 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 Axactor SE'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 Axactor SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 2.17 |
Axactor SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axactor SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axactor SE's standard deviation. In reality, there are many statistical measures that can use Axactor SE historical prices to predict the future Axactor SE's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 1.97 |
Axactor SE Backtested Returns
Axactor SE secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25% return per unit of standard deviation over the last 3 months. Axactor SE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axactor SE's risk adjusted performance of (0.15), and Mean Deviation of 1.37 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Axactor SE are expected to decrease at a much lower rate. During the bear market, Axactor SE is likely to outperform the market. At this point, Axactor SE has a negative expected return of -0.55%. Please make sure to confirm Axactor SE's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Axactor SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Axactor SE has poor predictability. Overlapping area represents the amount of predictability between Axactor SE time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Axactor SE price movement. The serial correlation of 0.25 indicates that over 25.0% of current Axactor SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Axactor SE lagged returns against current returns
Autocorrelation, which is Axactor SE 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 Axactor SE's stock expected returns. We can calculate the autocorrelation of Axactor SE returns to help us make a trade decision. For example, suppose you find that Axactor SE 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 |
Axactor SE 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 Axactor SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axactor SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axactor SE stock over time.
Current vs Lagged Prices |
| Timeline |
Axactor SE Lagged Returns
When evaluating Axactor SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axactor SE stock have on its future price. Axactor SE 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, Axactor SE autocorrelation shows the relationship between Axactor SE stock current value and its past values and can show if there is a momentum factor associated with investing in Axactor SE.
Regressed Prices |
| Timeline |
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Axactor SE financial ratios help investors to determine whether Axactor Stock 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 Axactor with respect to the benefits of owning Axactor SE security.