Chitogenx Stock Market Value
| CHNXF Stock | USD 0.01 0 39.24% |
| Symbol | ChitogenX |
ChitogenX '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 ChitogenX's otc 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 ChitogenX.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in ChitogenX on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding ChitogenX or generate 0.0% return on investment in ChitogenX over 360 days. ChitogenX is related to or competes with Cellectis, Lipella Pharmaceuticals, Senti Biosciences, Fennec Pharmaceuticals, and Monopar Therapeutics. ChitogenX Inc., an orthopaedic and sports medicine biologics company, engages in the research and development of novel t... More
ChitogenX 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 ChitogenX's otc 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 ChitogenX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1248 | |||
| Maximum Drawdown | 202.43 | |||
| Potential Upside | 20.0 |
ChitogenX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChitogenX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChitogenX's standard deviation. In reality, there are many statistical measures that can use ChitogenX historical prices to predict the future ChitogenX's volatility.| Risk Adjusted Performance | 0.1175 | |||
| Jensen Alpha | 3.05 | |||
| Total Risk Alpha | 0.9476 | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ChitogenX's 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.
ChitogenX Backtested Returns
ChitogenX is out of control given 3 months investment horizon. ChitogenX 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. We have analyzed and interpolated twenty different technical indicators, which can help you to evaluate if expected returns of 2.63% are justified by taking the suggested risk. Use ChitogenX Standard Deviation of 20.47, mean deviation of 6.79, and Risk Adjusted Performance of 0.1175 to evaluate company specific risk that cannot be diversified away. ChitogenX holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -6.18, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ChitogenX are expected to decrease by larger amounts. On the other hand, during market turmoil, ChitogenX is expected to outperform it. Use ChitogenX coefficient of variation, total risk alpha, as well as the relationship between the Total Risk Alpha and rate of daily change , to analyze future returns on ChitogenX.
Auto-correlation | 0.19 |
Very weak predictability
ChitogenX has very weak predictability. Overlapping area represents the amount of predictability between ChitogenX time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ChitogenX price movement. The serial correlation of 0.19 indicates that over 19.0% of current ChitogenX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ChitogenX lagged returns against current returns
Autocorrelation, which is ChitogenX otc 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 ChitogenX's otc stock expected returns. We can calculate the autocorrelation of ChitogenX returns to help us make a trade decision. For example, suppose you find that ChitogenX has exhibited high autocorrelation historically, and you observe that the otc 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 |
ChitogenX 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 ChitogenX otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChitogenX otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChitogenX otc stock over time.
Current vs Lagged Prices |
| Timeline |
ChitogenX Lagged Returns
When evaluating ChitogenX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChitogenX otc stock have on its future price. ChitogenX 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, ChitogenX autocorrelation shows the relationship between ChitogenX otc stock current value and its past values and can show if there is a momentum factor associated with investing in ChitogenX.
Regressed Prices |
| Timeline |
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Other Information on Investing in ChitogenX OTC Stock
ChitogenX financial ratios help investors to determine whether ChitogenX OTC 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 ChitogenX with respect to the benefits of owning ChitogenX security.