Pexip Holding (Norway) Market Value
| PEXIP Stock | NOK 43.95 0.35 0.79% |
| Symbol | Pexip |
Pexip Holding '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 Pexip Holding'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 Pexip Holding.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Pexip Holding on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Pexip Holding ASA or generate 0.0% return on investment in Pexip Holding over 570 days. Pexip Holding is related to or competes with Elkem ASA, Vow ASA, North Energy, Arcticzymes Technologies, Eqva ASA, XXL ASA, and Equinor ASA. Pexip Holding ASA provides a video-first meeting platform worldwide More
Pexip Holding 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 Pexip Holding'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 Pexip Holding ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.1142 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.36 |
Pexip Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pexip Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pexip Holding's standard deviation. In reality, there are many statistical measures that can use Pexip Holding historical prices to predict the future Pexip Holding's volatility.| Risk Adjusted Performance | 0.1451 | |||
| Jensen Alpha | 0.2719 | |||
| Total Risk Alpha | 0.0408 | |||
| Sortino Ratio | 0.105 | |||
| Treynor Ratio | 0.6265 |
Pexip Holding ASA Backtested Returns
Pexip Holding appears to be very steady, given 3 months investment horizon. Pexip Holding ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pexip Holding ASA, which you can use to evaluate the volatility of the company. Please evaluate Pexip Holding's Risk Adjusted Performance of 0.1451, semi deviation of 1.63, and Coefficient Of Variation of 549.44 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pexip Holding holds a performance score of 14. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pexip Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pexip Holding is expected to be smaller as well. Please check Pexip Holding's semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Pexip Holding's historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Pexip Holding ASA has good predictability. Overlapping area represents the amount of predictability between Pexip Holding time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Pexip Holding ASA price movement. The serial correlation of 0.72 indicates that around 72.0% of current Pexip Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 27.7 |
Pexip Holding ASA lagged returns against current returns
Autocorrelation, which is Pexip Holding 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 Pexip Holding's stock expected returns. We can calculate the autocorrelation of Pexip Holding returns to help us make a trade decision. For example, suppose you find that Pexip Holding 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 |
Pexip Holding 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 Pexip Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pexip Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pexip Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Pexip Holding Lagged Returns
When evaluating Pexip Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pexip Holding stock have on its future price. Pexip Holding 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, Pexip Holding autocorrelation shows the relationship between Pexip Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Pexip Holding ASA.
Regressed Prices |
| Timeline |
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Pexip Holding financial ratios help investors to determine whether Pexip 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 Pexip with respect to the benefits of owning Pexip Holding security.