ContextVision (Norway) Market Value
| CONTX Stock | NOK 5.16 0.12 2.27% |
| Symbol | ContextVision |
ContextVision '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 ContextVision'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 ContextVision.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ContextVision on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ContextVision AB or generate 0.0% return on investment in ContextVision over 720 days. ContextVision is related to or competes with Carasent ASA, Kitron ASA, Arcticzymes Technologies, Crayon Group, and Strongpoint ASA. ContextVision AB , a medical technology software company, provides image analysis and artificial intelligence software s... More
ContextVision 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 ContextVision'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 ContextVision AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.66 |
ContextVision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ContextVision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ContextVision's standard deviation. In reality, there are many statistical measures that can use ContextVision historical prices to predict the future ContextVision's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.3615 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ContextVision'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.
ContextVision AB Backtested Returns
ContextVision AB secures Sharpe Ratio (or Efficiency) of -0.0201, which signifies that the company had a -0.0201% return per unit of risk over the last 3 months. ContextVision AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ContextVision's Standard Deviation of 2.56, mean deviation of 1.88, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ContextVision are expected to decrease at a much lower rate. During the bear market, ContextVision is likely to outperform the market. At this point, ContextVision AB has a negative expected return of -0.0504%. Please make sure to confirm ContextVision's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if ContextVision AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
ContextVision AB has good predictability. Overlapping area represents the amount of predictability between ContextVision time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 ContextVision AB price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current ContextVision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
ContextVision AB lagged returns against current returns
Autocorrelation, which is ContextVision 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 ContextVision's stock expected returns. We can calculate the autocorrelation of ContextVision returns to help us make a trade decision. For example, suppose you find that ContextVision 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 |
ContextVision 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 ContextVision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ContextVision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ContextVision stock over time.
Current vs Lagged Prices |
| Timeline |
ContextVision Lagged Returns
When evaluating ContextVision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ContextVision stock have on its future price. ContextVision 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, ContextVision autocorrelation shows the relationship between ContextVision stock current value and its past values and can show if there is a momentum factor associated with investing in ContextVision AB.
Regressed Prices |
| Timeline |
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ContextVision financial ratios help investors to determine whether ContextVision 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 ContextVision with respect to the benefits of owning ContextVision security.