Cyxone AB (Sweden) Market Value
| CYXO Stock | SEK 0.03 0 5.08% |
| Symbol | Cyxone |
Cyxone 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 Cyxone 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 Cyxone AB.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Cyxone AB on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Cyxone AB or generate 0.0% return on investment in Cyxone AB over 720 days. Cyxone AB is related to or competes with Bavarian Nordic, BioPorto, Zaptec AS, and CBrain AS. Cyxone AB , a clinical biotech company, develops disease modifying therapies for rheumatoid arthritis and multiple scler... More
Cyxone 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 Cyxone 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 Cyxone AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.53 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 90.37 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 9.09 |
Cyxone AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cyxone AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cyxone AB's standard deviation. In reality, there are many statistical measures that can use Cyxone AB historical prices to predict the future Cyxone AB's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.4282 | |||
| Total Risk Alpha | (1.88) | |||
| Sortino Ratio | 0.002 | |||
| Treynor Ratio | (0.06) |
Cyxone AB Backtested Returns
Cyxone AB appears to be out of control, given 3 months investment horizon. Cyxone AB secures Sharpe Ratio (or Efficiency) of 0.0205, which signifies that the company had a 0.0205% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cyxone AB, which you can use to evaluate the volatility of the firm. Please makes use of Cyxone AB's Mean Deviation of 5.66, downside deviation of 10.53, and Risk Adjusted Performance of 0.0184 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cyxone AB holds a performance score of 1. The firm shows a Beta (market volatility) of -2.37, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cyxone AB are expected to decrease by larger amounts. On the other hand, during market turmoil, Cyxone AB is expected to outperform it. Please check Cyxone AB's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Cyxone AB's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Cyxone AB has good predictability. Overlapping area represents the amount of predictability between Cyxone AB time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Cyxone AB price movement. The serial correlation of 0.75 indicates that around 75.0% of current Cyxone AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cyxone AB lagged returns against current returns
Autocorrelation, which is Cyxone 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 Cyxone AB's stock expected returns. We can calculate the autocorrelation of Cyxone AB returns to help us make a trade decision. For example, suppose you find that Cyxone 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 |
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Cyxone 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 Cyxone AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cyxone AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cyxone AB stock over time.
Current vs Lagged Prices |
| Timeline |
Cyxone AB Lagged Returns
When evaluating Cyxone AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cyxone AB stock have on its future price. Cyxone 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, Cyxone AB autocorrelation shows the relationship between Cyxone AB stock current value and its past values and can show if there is a momentum factor associated with investing in Cyxone AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cyxone Stock Analysis
When running Cyxone AB's price analysis, check to measure Cyxone 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 Cyxone AB is operating at the current time. Most of Cyxone AB's value examination focuses on studying past and present price action to predict the probability of Cyxone 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 Cyxone AB's price. Additionally, you may evaluate how the addition of Cyxone AB to your portfolios can decrease your overall portfolio volatility.