Doxa AB (Sweden) Market Value
| DOXA Stock | SEK 1.02 0.01 0.99% |
| Symbol | Doxa |
Doxa 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 Doxa 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 Doxa AB.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Doxa AB on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Doxa AB or generate 0.0% return on investment in Doxa AB over 720 days. Doxa AB is related to or competes with Addtech AB, Lifco AB, Indutrade, Lagercrantz Group, and Vitec Software. Doxa AB , a dental company, develops, manufactures, and commercializes bioceramic dental products in Sweden and internat... More
Doxa 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 Doxa 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 Doxa AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.78 |
Doxa AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doxa AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doxa AB's standard deviation. In reality, there are many statistical measures that can use Doxa AB historical prices to predict the future Doxa AB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 2.45 |
Doxa AB Backtested Returns
Doxa AB secures Sharpe Ratio (or Efficiency) of -0.0721, which denotes the company had a -0.0721% return per unit of risk over the last 3 months. Doxa AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doxa AB's Mean Deviation of 1.21, variance of 2.57, and Standard Deviation of 1.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0784, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Doxa AB are expected to decrease at a much lower rate. During the bear market, Doxa AB is likely to outperform the market. At this point, Doxa AB has a negative expected return of -0.11%. Please make sure to confirm Doxa AB's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Doxa AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Doxa AB has excellent predictability. Overlapping area represents the amount of predictability between Doxa AB time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Doxa AB price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Doxa AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Doxa AB lagged returns against current returns
Autocorrelation, which is Doxa 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 Doxa AB's stock expected returns. We can calculate the autocorrelation of Doxa AB returns to help us make a trade decision. For example, suppose you find that Doxa 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 |
Doxa 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 Doxa AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doxa AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doxa AB stock over time.
Current vs Lagged Prices |
| Timeline |
Doxa AB Lagged Returns
When evaluating Doxa AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doxa AB stock have on its future price. Doxa 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, Doxa AB autocorrelation shows the relationship between Doxa AB stock current value and its past values and can show if there is a momentum factor associated with investing in Doxa AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Doxa Stock Analysis
When running Doxa AB's price analysis, check to measure Doxa 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 Doxa AB is operating at the current time. Most of Doxa AB's value examination focuses on studying past and present price action to predict the probability of Doxa 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 Doxa AB's price. Additionally, you may evaluate how the addition of Doxa AB to your portfolios can decrease your overall portfolio volatility.