Orexo AB (Sweden) Market Value
| ORX Stock | SEK 12.28 1.92 18.53% |
| Symbol | Orexo |
Orexo AB '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 Orexo AB'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 Orexo AB.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Orexo AB on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Orexo AB or generate 0.0% return on investment in Orexo AB over 90 days. Orexo AB is related to or competes with Swedish Orphan, BioInvent International, Camurus AB, BioArctic, and Active Biotech. Orexo AB , a specialty pharmaceutical company, develops products based on proprietary drug delivery technology More
Orexo AB 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 Orexo AB'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 Orexo AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 2.16 |
Orexo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orexo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orexo AB's standard deviation. In reality, there are many statistical measures that can use Orexo AB historical prices to predict the future Orexo AB's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.64) |
Orexo AB Backtested Returns
Orexo AB maintains Sharpe Ratio (i.e., Efficiency) of -0.092, which implies the firm had a -0.092% return per unit of risk over the last 3 months. Orexo AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orexo AB's Variance of 8.04, coefficient of variation of (429.92), and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The company holds a Beta of 1.04, which implies a somewhat significant risk relative to the market. Orexo AB returns are very sensitive to returns on the market. As the market goes up or down, Orexo AB is expected to follow. At this point, Orexo AB has a negative expected return of -0.34%. Please make sure to check Orexo AB's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Orexo AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Orexo AB has good predictability. Overlapping area represents the amount of predictability between Orexo AB time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Orexo AB price movement. The serial correlation of 0.69 indicates that around 69.0% of current Orexo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Orexo AB lagged returns against current returns
Autocorrelation, which is Orexo AB 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 Orexo AB's stock expected returns. We can calculate the autocorrelation of Orexo AB returns to help us make a trade decision. For example, suppose you find that Orexo AB 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 |
Orexo AB 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 Orexo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orexo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orexo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Orexo AB Lagged Returns
When evaluating Orexo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orexo AB stock have on its future price. Orexo AB 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, Orexo AB autocorrelation shows the relationship between Orexo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Orexo AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orexo Stock Analysis
When running Orexo AB's price analysis, check to measure Orexo AB'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 Orexo AB is operating at the current time. Most of Orexo AB's value examination focuses on studying past and present price action to predict the probability of Orexo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orexo AB's price. Additionally, you may evaluate how the addition of Orexo AB to your portfolios can decrease your overall portfolio volatility.