Banxa Holdings Stock Market Value
| BNXAF Stock | USD 0.52 0.02 4.00% |
| Symbol | Banxa |
Banxa Holdings '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 Banxa Holdings' 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 Banxa Holdings.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Banxa Holdings on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Banxa Holdings or generate 0.0% return on investment in Banxa Holdings over 90 days. Banxa Holdings Inc. operates as a payments service provider for the cryptocurrency exchanges More
Banxa Holdings 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 Banxa Holdings' 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 Banxa Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.33 | |||
| Information Ratio | 0.0995 | |||
| Maximum Drawdown | 69.3 | |||
| Value At Risk | (14.71) | |||
| Potential Upside | 22.22 |
Banxa Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banxa Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banxa Holdings' standard deviation. In reality, there are many statistical measures that can use Banxa Holdings historical prices to predict the future Banxa Holdings' volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 1.49 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0933 | |||
| Treynor Ratio | (0.69) |
Banxa Holdings Backtested Returns
Banxa Holdings is out of control given 3 months investment horizon. Banxa Holdings secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Banxa Holdings Risk Adjusted Performance of 0.0939, downside deviation of 12.33, and Mean Deviation of 7.88 to evaluate company specific risk that cannot be diversified away. Banxa Holdings holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.84, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Banxa Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, Banxa Holdings is expected to outperform it. Use Banxa Holdings total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Banxa Holdings.
Auto-correlation | -0.27 |
Weak reverse predictability
Banxa Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Banxa Holdings time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Banxa Holdings price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Banxa Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Banxa Holdings lagged returns against current returns
Autocorrelation, which is Banxa Holdings 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 Banxa Holdings' pink sheet expected returns. We can calculate the autocorrelation of Banxa Holdings returns to help us make a trade decision. For example, suppose you find that Banxa Holdings 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 |
Banxa Holdings 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 Banxa Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banxa Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banxa Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Banxa Holdings Lagged Returns
When evaluating Banxa Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banxa Holdings pink sheet have on its future price. Banxa Holdings 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, Banxa Holdings autocorrelation shows the relationship between Banxa Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Banxa Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Banxa Pink Sheet
Banxa Holdings financial ratios help investors to determine whether Banxa 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 Banxa with respect to the benefits of owning Banxa Holdings security.