Preaxia Health Care Stock Market Value
| PAXH Stock | USD 0.06 0.00 0.00% |
| Symbol | PreAxia |
PreAxia Health '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 PreAxia Health'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 PreAxia Health.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in PreAxia Health on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding PreAxia Health Care or generate 0.0% return on investment in PreAxia Health over 150 days. PreAxia Health is related to or competes with Talkspace, and Spok Holdings. PreAxia Health Care Payment Systems Inc. focuses on the development, distribution, marketing, and sale of health care pa... More
PreAxia Health 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 PreAxia Health'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 PreAxia Health Care upside and downside potential and time the market with a certain degree of confidence.
PreAxia Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PreAxia Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PreAxia Health's standard deviation. In reality, there are many statistical measures that can use PreAxia Health historical prices to predict the future PreAxia Health's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PreAxia Health'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.
PreAxia Health Care Backtested Returns
We have found three technical indicators for PreAxia Health Care, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PreAxia Health are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
PreAxia Health Care has perfect predictability. Overlapping area represents the amount of predictability between PreAxia Health time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PreAxia Health Care price movement. The serial correlation of 1.0 indicates that 100.0% of current PreAxia Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PreAxia Health Care lagged returns against current returns
Autocorrelation, which is PreAxia Health 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 PreAxia Health's pink sheet expected returns. We can calculate the autocorrelation of PreAxia Health returns to help us make a trade decision. For example, suppose you find that PreAxia Health 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 |
| Timeline |
PreAxia Health 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 PreAxia Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PreAxia Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PreAxia Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PreAxia Health Lagged Returns
When evaluating PreAxia Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PreAxia Health pink sheet have on its future price. PreAxia Health 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, PreAxia Health autocorrelation shows the relationship between PreAxia Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PreAxia Health Care.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PreAxia Pink Sheet
PreAxia Health financial ratios help investors to determine whether PreAxia 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 PreAxia with respect to the benefits of owning PreAxia Health security.