Daxor Stock Market Value
| DXR Stock | USD 9.89 0.61 6.57% |
| Symbol | Daxor |
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daxor. If investors know Daxor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daxor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Daxor is measured differently than its book value, which is the value of Daxor that is recorded on the company's balance sheet. Investors also form their own opinion of Daxor's value that differs from its market value or its book value, called intrinsic value, which is Daxor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daxor's market value can be influenced by many factors that don't directly affect Daxor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daxor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daxor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daxor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Daxor '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 Daxor'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 Daxor.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Daxor on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Daxor or generate 0.0% return on investment in Daxor over 300 days. Daxor is related to or competes with InfuSystems Holdings, Meihua International, Repro Med, LeMaitre Vascular, Precision Optics,, Utah Medical, and Milestone Scientific. Daxor Corporation, a medical device company, provides blood volume measurement technology focused on blood volume testin... More
Daxor 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 Daxor'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 Daxor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.0693 | |||
| Maximum Drawdown | 34.14 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 5.4 |
Daxor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daxor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daxor's standard deviation. In reality, there are many statistical measures that can use Daxor historical prices to predict the future Daxor's volatility.| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | 0.3538 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0715 | |||
| Treynor Ratio | 0.6817 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daxor'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.
Daxor Backtested Returns
Daxor appears to be somewhat reliable, given 3 months investment horizon. Daxor secures Sharpe Ratio (or Efficiency) of 0.098, which denotes the company had a 0.098% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daxor, which you can use to evaluate the volatility of the firm. Please utilize Daxor's Downside Deviation of 4.33, mean deviation of 3.03, and Coefficient Of Variation of 1020.06 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daxor holds a performance score of 7. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daxor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daxor is expected to be smaller as well. Please check Daxor's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Daxor's price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Daxor has below average predictability. Overlapping area represents the amount of predictability between Daxor time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 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 Daxor price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Daxor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Daxor lagged returns against current returns
Autocorrelation, which is Daxor 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 Daxor's stock expected returns. We can calculate the autocorrelation of Daxor returns to help us make a trade decision. For example, suppose you find that Daxor 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 |
Daxor 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 Daxor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daxor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daxor stock over time.
Current vs Lagged Prices |
| Timeline |
Daxor Lagged Returns
When evaluating Daxor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daxor stock have on its future price. Daxor 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, Daxor autocorrelation shows the relationship between Daxor stock current value and its past values and can show if there is a momentum factor associated with investing in Daxor.
Regressed Prices |
| Timeline |
Pair Trading with Daxor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Daxor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Daxor will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Daxor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daxor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Daxor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Daxor to buy it.
The correlation of Daxor is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daxor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daxor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Daxor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Daxor Stock Analysis
When running Daxor's price analysis, check to measure Daxor'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 Daxor is operating at the current time. Most of Daxor's value examination focuses on studying past and present price action to predict the probability of Daxor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daxor's price. Additionally, you may evaluate how the addition of Daxor to your portfolios can decrease your overall portfolio volatility.