Axis Technologies Group Stock Market Value
| AXTG Stock | USD 0 0.0007 100.00% |
| Symbol | Axis |
Axis Technologies '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 Axis Technologies' pink sheet 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 Axis Technologies.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Axis Technologies on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Axis Technologies Group or generate 0.0% return on investment in Axis Technologies over 480 days. Axis Technologies is related to or competes with Morgan Stanley, Goldman Sachs, Charles Schwab, Interactive Brokers, Goldman Sachs, Morgan Stanley, and Goldman Sachs. Axis Technologies Group, Inc., through its subsidiary, Axis Technologies, Inc., designs, manufactures, and markets a ran... More
Axis Technologies 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 Axis Technologies' pink sheet 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 Axis Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1636 | |||
| Maximum Drawdown | 258.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 100.0 |
Axis Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axis Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axis Technologies' standard deviation. In reality, there are many statistical measures that can use Axis Technologies historical prices to predict the future Axis Technologies' volatility.| Risk Adjusted Performance | 0.138 | |||
| Jensen Alpha | 6.41 | |||
| Total Risk Alpha | 0.3448 | |||
| Treynor Ratio | (2.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Axis Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Axis Technologies Backtested Returns
Axis Technologies is out of control given 3 months investment horizon. Axis Technologies secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 6.21% are justified by taking the suggested risk. Use Axis Technologies Mean Deviation of 16.52, standard deviation of 36.55, and Risk Adjusted Performance of 0.138 to evaluate company specific risk that cannot be diversified away. Axis Technologies holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.58, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Axis Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Axis Technologies is expected to outperform it. Use Axis Technologies treynor ratio, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Axis Technologies.
Auto-correlation | 0.31 |
Below average predictability
Axis Technologies Group has below average predictability. Overlapping area represents the amount of predictability between Axis Technologies time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Axis Technologies price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Axis Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Axis Technologies lagged returns against current returns
Autocorrelation, which is Axis Technologies pink sheet'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 Axis Technologies' pink sheet expected returns. We can calculate the autocorrelation of Axis Technologies returns to help us make a trade decision. For example, suppose you find that Axis Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Axis Technologies 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 Axis Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axis Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axis Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Axis Technologies Lagged Returns
When evaluating Axis Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axis Technologies pink sheet have on its future price. Axis Technologies 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, Axis Technologies autocorrelation shows the relationship between Axis Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Axis Technologies Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Axis Pink Sheet
Axis Technologies financial ratios help investors to determine whether Axis Pink Sheet 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 Axis with respect to the benefits of owning Axis Technologies security.