Elixinol Global Stock Market Value
| ELLXF Stock | USD 0 0.0009 39.13% |
| Symbol | Elixinol |
Elixinol Global '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 Elixinol Global'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 Elixinol Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Elixinol Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Elixinol Global or generate 0.0% return on investment in Elixinol Global over 30 days. Elixinol Global is related to or competes with Eisai, Grown Rogue, and Eisai. Elixinol Wellness Limited, through its subsidiaries, manufactures and distributes hemp derived nutraceuticals, cosmetics... More
Elixinol Global 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 Elixinol Global'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 Elixinol Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 32.15 | |||
| Information Ratio | 0.1508 | |||
| Maximum Drawdown | 833.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 48.15 |
Elixinol Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elixinol Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elixinol Global's standard deviation. In reality, there are many statistical measures that can use Elixinol Global historical prices to predict the future Elixinol Global's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 22.05 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.5733 | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elixinol Global'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.
Elixinol Global Backtested Returns
Elixinol Global is out of control given 3 months investment horizon. Elixinol Global secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 12.89% are justified by taking the suggested risk. Use Elixinol Global Mean Deviation of 44.05, downside deviation of 32.15, and Coefficient Of Variation of 658.35 to evaluate company specific risk that cannot be diversified away. Elixinol Global holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -29.5, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Elixinol Global are expected to decrease by larger amounts. On the other hand, during market turmoil, Elixinol Global is expected to outperform it. Use Elixinol Global total risk alpha and the relationship between the potential upside and day typical price , to analyze future returns on Elixinol Global.
Auto-correlation | -0.4 |
Poor reverse predictability
Elixinol Global has poor reverse predictability. Overlapping area represents the amount of predictability between Elixinol Global time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Elixinol Global price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Elixinol Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elixinol Global lagged returns against current returns
Autocorrelation, which is Elixinol Global 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 Elixinol Global's pink sheet expected returns. We can calculate the autocorrelation of Elixinol Global returns to help us make a trade decision. For example, suppose you find that Elixinol Global 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 |
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Elixinol Global 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 Elixinol Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elixinol Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elixinol Global pink sheet over time.
Current vs Lagged Prices |
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Elixinol Global Lagged Returns
When evaluating Elixinol Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elixinol Global pink sheet have on its future price. Elixinol Global 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, Elixinol Global autocorrelation shows the relationship between Elixinol Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elixinol Global.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Elixinol Pink Sheet
Elixinol Global financial ratios help investors to determine whether Elixinol 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 Elixinol with respect to the benefits of owning Elixinol Global security.