Devyser Diagnostics (Sweden) Market Value
| DVYSR Stock | 122.00 2.00 1.61% |
| Symbol | Devyser |
Devyser Diagnostics '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 Devyser Diagnostics' 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 Devyser Diagnostics.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Devyser Diagnostics on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Devyser Diagnostics AB or generate 0.0% return on investment in Devyser Diagnostics over 720 days. Devyser Diagnostics is related to or competes with JLT Mobile, Investment, MTI Investment, Beowulf Mining, Arctic Blue, Nitro Games, and Lundin Mining. More
Devyser Diagnostics 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 Devyser Diagnostics' 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 Devyser Diagnostics AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | (0.0002) | |||
| Maximum Drawdown | 12.55 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.33 |
Devyser Diagnostics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devyser Diagnostics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devyser Diagnostics' standard deviation. In reality, there are many statistical measures that can use Devyser Diagnostics historical prices to predict the future Devyser Diagnostics' volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.0795 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.0003) | |||
| Treynor Ratio | 0.3788 |
Devyser Diagnostics Backtested Returns
Currently, Devyser Diagnostics AB is very steady. Devyser Diagnostics secures Sharpe Ratio (or Efficiency) of 0.0446, which denotes the company had a 0.0446% return per unit of risk over the last 3 months. We have found thirty technical indicators for Devyser Diagnostics AB, which you can use to evaluate the volatility of the firm. Please confirm Devyser Diagnostics' Coefficient Of Variation of 1924.39, downside deviation of 2.1, and Mean Deviation of 1.71 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Devyser Diagnostics has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, Devyser Diagnostics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Devyser Diagnostics is expected to be smaller as well. Devyser Diagnostics right now shows a risk of 2.39%. Please confirm Devyser Diagnostics downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Devyser Diagnostics will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Devyser Diagnostics AB has modest reverse predictability. Overlapping area represents the amount of predictability between Devyser Diagnostics time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Devyser Diagnostics price movement. The serial correlation of -0.49 indicates that about 49.0% of current Devyser Diagnostics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 277.98 |
Devyser Diagnostics lagged returns against current returns
Autocorrelation, which is Devyser Diagnostics 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 Devyser Diagnostics' stock expected returns. We can calculate the autocorrelation of Devyser Diagnostics returns to help us make a trade decision. For example, suppose you find that Devyser Diagnostics 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 |
Devyser Diagnostics 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 Devyser Diagnostics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devyser Diagnostics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devyser Diagnostics stock over time.
Current vs Lagged Prices |
| Timeline |
Devyser Diagnostics Lagged Returns
When evaluating Devyser Diagnostics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devyser Diagnostics stock have on its future price. Devyser Diagnostics 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, Devyser Diagnostics autocorrelation shows the relationship between Devyser Diagnostics stock current value and its past values and can show if there is a momentum factor associated with investing in Devyser Diagnostics AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Devyser Stock Analysis
When running Devyser Diagnostics' price analysis, check to measure Devyser Diagnostics' 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 Devyser Diagnostics is operating at the current time. Most of Devyser Diagnostics' value examination focuses on studying past and present price action to predict the probability of Devyser Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devyser Diagnostics' price. Additionally, you may evaluate how the addition of Devyser Diagnostics to your portfolios can decrease your overall portfolio volatility.