Camurus AB (Sweden) Market Value
| CAMX Stock | SEK 553.50 6.00 1.07% |
| Symbol | Camurus |
Camurus AB '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 Camurus AB'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 Camurus AB.
| 03/02/2024 |
| 11/27/2024 |
If you would invest 0.00 in Camurus AB on March 2, 2024 and sell it all today you would earn a total of 0.00 from holding Camurus AB or generate 0.0% return on investment in Camurus AB over 270 days. Camurus AB is related to or competes with BioArctic, Oncopeptides, Hansa Biopharma, and Swedish Orphan. Camurus AB , a pharmaceutical company, develops and commercializes pharmaceuticals for serious and chronic conditions in... More
Camurus AB 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 Camurus AB'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 Camurus AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 16.63 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 2.41 |
Camurus AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camurus AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camurus AB's standard deviation. In reality, there are many statistical measures that can use Camurus AB historical prices to predict the future Camurus AB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.45) |
Camurus AB Backtested Returns
Camurus AB secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Camurus AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Camurus AB's Standard Deviation of 2.59, risk adjusted performance of (0.08), and Mean Deviation of 1.72 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Camurus AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Camurus AB is expected to be smaller as well. At this point, Camurus AB has a negative expected return of -0.33%. Please make sure to confirm Camurus AB's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Camurus AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Camurus AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Camurus AB time series from 2nd of March 2024 to 15th of July 2024 and 15th of July 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 Camurus AB price movement. The serial correlation of -0.78 indicates that around 78.0% of current Camurus AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1203.58 |
Camurus AB lagged returns against current returns
Autocorrelation, which is Camurus AB 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 Camurus AB's stock expected returns. We can calculate the autocorrelation of Camurus AB returns to help us make a trade decision. For example, suppose you find that Camurus AB 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 |
Camurus AB 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 Camurus AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camurus AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camurus AB stock over time.
Current vs Lagged Prices |
| Timeline |
Camurus AB Lagged Returns
When evaluating Camurus AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camurus AB stock have on its future price. Camurus AB 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, Camurus AB autocorrelation shows the relationship between Camurus AB stock current value and its past values and can show if there is a momentum factor associated with investing in Camurus AB.
Regressed Prices |
| Timeline |
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Additional Tools for Camurus Stock Analysis
When running Camurus AB's price analysis, check to measure Camurus AB's 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 Camurus AB is operating at the current time. Most of Camurus AB's value examination focuses on studying past and present price action to predict the probability of Camurus AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camurus AB's price. Additionally, you may evaluate how the addition of Camurus AB to your portfolios can decrease your overall portfolio volatility.