Oxurion NV (Belgium) Market Value
| OXUR Stock | 0.32 0.03 10.34% |
| Symbol | Oxurion |
Oxurion NV '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 Oxurion NV'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 Oxurion NV.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Oxurion NV on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Oxurion NV or generate 0.0% return on investment in Oxurion NV over 480 days.
Oxurion NV 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 Oxurion NV'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 Oxurion NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.94 | |||
| Information Ratio | 0.1231 | |||
| Maximum Drawdown | 1139914.29 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 10.0 |
Oxurion NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oxurion NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oxurion NV's standard deviation. In reality, there are many statistical measures that can use Oxurion NV historical prices to predict the future Oxurion NV's volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 17405.11 | |||
| Total Risk Alpha | (4,828) | |||
| Sortino Ratio | 865.91 | |||
| Treynor Ratio | (15.37) |
Oxurion NV Backtested Returns
Oxurion NV is out of control given 3 months investment horizon. Oxurion NV maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 13.38% are justified by taking the suggested risk. Use Oxurion NV Downside Deviation of 19.94, standard deviation of 140312.21, and Risk Adjusted Performance of 0.1044 to evaluate company specific risk that cannot be diversified away. Oxurion NV holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -1123.28, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Oxurion NV are expected to decrease by larger amounts. On the other hand, during market turmoil, Oxurion NV is expected to outperform it. Use Oxurion NV maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to analyze future returns on Oxurion NV.
Auto-correlation | 0.44 |
Average predictability
Oxurion NV has average predictability. Overlapping area represents the amount of predictability between Oxurion NV time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Oxurion NV price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Oxurion NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Oxurion NV lagged returns against current returns
Autocorrelation, which is Oxurion NV 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 Oxurion NV's stock expected returns. We can calculate the autocorrelation of Oxurion NV returns to help us make a trade decision. For example, suppose you find that Oxurion NV 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 |
Oxurion NV 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 Oxurion NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oxurion NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oxurion NV stock over time.
Current vs Lagged Prices |
| Timeline |
Oxurion NV Lagged Returns
When evaluating Oxurion NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oxurion NV stock have on its future price. Oxurion NV 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, Oxurion NV autocorrelation shows the relationship between Oxurion NV stock current value and its past values and can show if there is a momentum factor associated with investing in Oxurion NV.
Regressed Prices |
| Timeline |
Pair Trading with Oxurion NV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oxurion NV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oxurion NV will appreciate offsetting losses from the drop in the long position's value.Moving against Oxurion Stock
The ability to find closely correlated positions to Oxurion NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oxurion NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oxurion NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oxurion NV to buy it.
The correlation of Oxurion NV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oxurion NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oxurion NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oxurion NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Oxurion Stock Analysis
When running Oxurion NV's price analysis, check to measure Oxurion NV'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 Oxurion NV is operating at the current time. Most of Oxurion NV's value examination focuses on studying past and present price action to predict the probability of Oxurion NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oxurion NV's price. Additionally, you may evaluate how the addition of Oxurion NV to your portfolios can decrease your overall portfolio volatility.