Endexx Corp Stock Market Value
| EDXC Stock | USD 0.01 0.0003 2.91% |
| Symbol | Endexx |
Endexx Corp '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 Endexx Corp's pink sheet 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 Endexx Corp.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Endexx Corp on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Endexx Corp or generate 0.0% return on investment in Endexx Corp over 540 days. Endexx Corp is related to or competes with CbdMD, Evolus, Akanda Corp, Biofrontera, Collegium Pharmaceutical, ANI Pharmaceuticals, and INC Research. Endexx Corporation engages in the manufacturing and sale of cannabidiol -based products for the health and wellness mark... More
Endexx Corp 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 Endexx Corp's pink sheet 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 Endexx Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 32.23 | |||
| Value At Risk | (14.53) | |||
| Potential Upside | 15.38 |
Endexx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endexx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endexx Corp's standard deviation. In reality, there are many statistical measures that can use Endexx Corp historical prices to predict the future Endexx Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | 0.188 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endexx Corp'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.
Endexx Corp Backtested Returns
Endexx Corp secures Sharpe Ratio (or Efficiency) of -0.0168, which denotes the company had a -0.0168% return per unit of standard deviation over the last 3 months. Endexx Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Endexx Corp's Coefficient Of Variation of (4,084), mean deviation of 6.04, and Standard Deviation of 8.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.13, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Endexx Corp are expected to decrease slowly. On the other hand, during market turmoil, Endexx Corp is expected to outperform it slightly. At this point, Endexx Corp has a negative expected return of -0.14%. Please make sure to confirm Endexx Corp's jensen alpha and the relationship between the value at risk and day typical price , to decide if Endexx Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Endexx Corp has good predictability. Overlapping area represents the amount of predictability between Endexx Corp time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Endexx Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Endexx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Endexx Corp lagged returns against current returns
Autocorrelation, which is Endexx Corp pink sheet'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 Endexx Corp's pink sheet expected returns. We can calculate the autocorrelation of Endexx Corp returns to help us make a trade decision. For example, suppose you find that Endexx Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Endexx Corp 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 Endexx Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endexx Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endexx Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Endexx Corp Lagged Returns
When evaluating Endexx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endexx Corp pink sheet have on its future price. Endexx Corp 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, Endexx Corp autocorrelation shows the relationship between Endexx Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Endexx Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Endexx Pink Sheet
Endexx Corp financial ratios help investors to determine whether Endexx Pink Sheet 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 Endexx with respect to the benefits of owning Endexx Corp security.