Crossject (France) Market Value
| ALCJ Stock | EUR 2.06 0.04 1.98% |
| Symbol | Crossject |
Crossject '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 Crossject'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 Crossject.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Crossject on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Crossject or generate 0.0% return on investment in Crossject over 30 days. Crossject is related to or competes with Biophytis, Biosynex, Poxel SA, and Nanobiotix. Crossject Socit Anonyme develops needle-free injection systems More
Crossject 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 Crossject'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 Crossject upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (5.46) | |||
| Potential Upside | 5.39 |
Crossject Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crossject's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crossject's standard deviation. In reality, there are many statistical measures that can use Crossject historical prices to predict the future Crossject's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.21) |
Crossject Backtested Returns
Crossject secures Sharpe Ratio (or Efficiency) of -0.0449, which signifies that the company had a -0.0449% return per unit of risk over the last 3 months. Crossject exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crossject's Standard Deviation of 3.17, mean deviation of 2.33, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crossject's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crossject is expected to be smaller as well. At this point, Crossject has a negative expected return of -0.14%. Please make sure to confirm Crossject's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Crossject performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Crossject has good predictability. Overlapping area represents the amount of predictability between Crossject time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Crossject price movement. The serial correlation of 0.77 indicates that around 77.0% of current Crossject price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Crossject lagged returns against current returns
Autocorrelation, which is Crossject 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 Crossject's stock expected returns. We can calculate the autocorrelation of Crossject returns to help us make a trade decision. For example, suppose you find that Crossject 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 |
Crossject 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 Crossject stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crossject stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crossject stock over time.
Current vs Lagged Prices |
| Timeline |
Crossject Lagged Returns
When evaluating Crossject's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crossject stock have on its future price. Crossject 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, Crossject autocorrelation shows the relationship between Crossject stock current value and its past values and can show if there is a momentum factor associated with investing in Crossject.
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.Other Information on Investing in Crossject Stock
Crossject financial ratios help investors to determine whether Crossject 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 Crossject with respect to the benefits of owning Crossject security.