Addex Therapeutics (Switzerland) Market Value
| ADXN Stock | CHF 0.06 0 6.01% |
| Symbol | Addex |
Addex Therapeutics '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 Addex Therapeutics' 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 Addex Therapeutics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Addex Therapeutics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Addex Therapeutics or generate 0.0% return on investment in Addex Therapeutics over 30 days. Addex Therapeutics is related to or competes with Santhera Pharmaceuticals, Newron Pharmaceuticals, Basilea Pharmaceutica, Evolva Holding, and COSMO Pharmaceuticals. Addex Therapeutics Ltd, a development-stage biopharmaceutical company, discovers, develops, and commercializes small-mol... More
Addex Therapeutics 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 Addex Therapeutics' 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 Addex Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.2 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 46.04 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 8.94 |
Addex Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addex Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addex Therapeutics' standard deviation. In reality, there are many statistical measures that can use Addex Therapeutics historical prices to predict the future Addex Therapeutics' volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | (0.22) |
Addex Therapeutics Backtested Returns
Addex Therapeutics secures Sharpe Ratio (or Efficiency) of -0.0216, which signifies that the company had a -0.0216% return per unit of standard deviation over the last 3 months. Addex Therapeutics exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addex Therapeutics' mean deviation of 4.57, and Risk Adjusted Performance of 0.0349 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.96, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Addex Therapeutics are expected to decrease slowly. On the other hand, during market turmoil, Addex Therapeutics is expected to outperform it slightly. At this point, Addex Therapeutics has a negative expected return of -0.12%. Please make sure to confirm Addex Therapeutics' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Addex Therapeutics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Addex Therapeutics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Addex Therapeutics 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 Addex Therapeutics price movement. The serial correlation of -0.73 indicates that around 73.0% of current Addex Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Addex Therapeutics lagged returns against current returns
Autocorrelation, which is Addex Therapeutics 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 Addex Therapeutics' stock expected returns. We can calculate the autocorrelation of Addex Therapeutics returns to help us make a trade decision. For example, suppose you find that Addex Therapeutics 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 |
Addex Therapeutics 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 Addex Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addex Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addex Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Addex Therapeutics Lagged Returns
When evaluating Addex Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addex Therapeutics stock have on its future price. Addex Therapeutics 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, Addex Therapeutics autocorrelation shows the relationship between Addex Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Addex Therapeutics.
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 Addex Stock Analysis
When running Addex Therapeutics' price analysis, check to measure Addex Therapeutics' 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 Addex Therapeutics is operating at the current time. Most of Addex Therapeutics' value examination focuses on studying past and present price action to predict the probability of Addex Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addex Therapeutics' price. Additionally, you may evaluate how the addition of Addex Therapeutics to your portfolios can decrease your overall portfolio volatility.