Idex ASA (Norway) Market Value
| IDEX Stock | NOK 0.13 0.00 0.00% |
| Symbol | Idex |
Idex ASA '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 Idex ASA'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 Idex ASA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Idex ASA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Idex ASA or generate 0.0% return on investment in Idex ASA over 510 days. Idex ASA is related to or competes with Next Biometrics, Kongsberg Automotive, Bergenbio ASA, XXL ASA, and Questerre Energy. IDEX Biometrics ASA develops and sells fingerprint imaging and recognition technology in Europe, the Middle East, Africa... More
Idex ASA 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 Idex ASA'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 Idex ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 48.25 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 5.56 |
Idex ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idex ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idex ASA's standard deviation. In reality, there are many statistical measures that can use Idex ASA historical prices to predict the future Idex ASA's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (2.88) | |||
| Total Risk Alpha | (3.75) | |||
| Treynor Ratio | (0.59) |
Idex ASA Backtested Returns
Idex ASA holds Efficiency (Sharpe) Ratio of -0.29, which attests that the entity had a -0.29% return per unit of risk over the last 3 months. Idex ASA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idex ASA's Standard Deviation of 8.74, risk adjusted performance of (0.20), and Market Risk Adjusted Performance of (0.58) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 4.07, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Idex ASA will likely underperform. At this point, Idex ASA has a negative expected return of -2.55%. Please make sure to check out Idex ASA's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Idex ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Idex ASA has good predictability. Overlapping area represents the amount of predictability between Idex ASA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Idex ASA price movement. The serial correlation of 0.68 indicates that around 68.0% of current Idex ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Idex ASA lagged returns against current returns
Autocorrelation, which is Idex ASA 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 Idex ASA's stock expected returns. We can calculate the autocorrelation of Idex ASA returns to help us make a trade decision. For example, suppose you find that Idex ASA 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 |
Idex ASA 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 Idex ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idex ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idex ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Idex ASA Lagged Returns
When evaluating Idex ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idex ASA stock have on its future price. Idex ASA 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, Idex ASA autocorrelation shows the relationship between Idex ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Idex ASA.
Regressed Prices |
| Timeline |
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Idex ASA financial ratios help investors to determine whether Idex Stock 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 Idex with respect to the benefits of owning Idex ASA security.