OXE Marine (Sweden) Market Value
| OXE Stock | SEK 0.36 0.02 5.88% |
| Symbol | OXE |
OXE Marine '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 OXE Marine'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 OXE Marine.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in OXE Marine on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding OXE Marine AB or generate 0.0% return on investment in OXE Marine over 30 days. OXE Marine is related to or competes with Episurf Medical, Online Brands, Scandinavian Enviro, and Acconeer. OXE Marine AB designs, develops, and distributes diesel outboard engines for the marine market in Sweden and internation... More
OXE Marine 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 OXE Marine'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 OXE Marine AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 24.45 | |||
| Value At Risk | (11.36) | |||
| Potential Upside | 7.5 |
OXE Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OXE Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OXE Marine's standard deviation. In reality, there are many statistical measures that can use OXE Marine historical prices to predict the future OXE Marine's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.98) |
OXE Marine AB Backtested Returns
OXE Marine AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0411, which implies the firm had a -0.0411% return per unit of risk over the last 3 months. OXE Marine AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OXE Marine's Risk Adjusted Performance of (0.02), mean deviation of 4.24, and Coefficient Of Variation of (2,452) to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, OXE Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding OXE Marine is expected to be smaller as well. At this point, OXE Marine AB has a negative expected return of -0.23%. Please make sure to check OXE Marine's treynor ratio and the relationship between the skewness and price action indicator , to decide if OXE Marine AB performance from the past will be repeated at future time.
Auto-correlation | -0.19 |
Insignificant reverse predictability
OXE Marine AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between OXE Marine time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 OXE Marine AB price movement. The serial correlation of -0.19 indicates that over 19.0% of current OXE Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OXE Marine AB lagged returns against current returns
Autocorrelation, which is OXE Marine 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 OXE Marine's stock expected returns. We can calculate the autocorrelation of OXE Marine returns to help us make a trade decision. For example, suppose you find that OXE Marine 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 |
OXE Marine 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 OXE Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OXE Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OXE Marine stock over time.
Current vs Lagged Prices |
| Timeline |
OXE Marine Lagged Returns
When evaluating OXE Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OXE Marine stock have on its future price. OXE Marine 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, OXE Marine autocorrelation shows the relationship between OXE Marine stock current value and its past values and can show if there is a momentum factor associated with investing in OXE Marine AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OXE Stock Analysis
When running OXE Marine's price analysis, check to measure OXE Marine'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 OXE Marine is operating at the current time. Most of OXE Marine's value examination focuses on studying past and present price action to predict the probability of OXE Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OXE Marine's price. Additionally, you may evaluate how the addition of OXE Marine to your portfolios can decrease your overall portfolio volatility.