Physitrack PLC (Sweden) Market Value
| PTRK Stock | 8.14 0.30 3.55% |
| Symbol | Physitrack |
Physitrack PLC '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 Physitrack PLC'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 Physitrack PLC.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Physitrack PLC on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Physitrack PLC or generate 0.0% return on investment in Physitrack PLC over 450 days. Physitrack PLC is related to or competes with Awardit AB, Surgical Science, Intervacc, BICO Group, and Smart Eye. More
Physitrack PLC 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 Physitrack PLC'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 Physitrack PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 33.5 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 4.76 |
Physitrack PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Physitrack PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Physitrack PLC's standard deviation. In reality, there are many statistical measures that can use Physitrack PLC historical prices to predict the future Physitrack PLC's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.49) |
Physitrack PLC Backtested Returns
Physitrack PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Physitrack PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Physitrack PLC's Risk Adjusted Performance of (0.1), variance of 18.02, and Coefficient Of Variation of (737.14) to confirm the risk estimate we provide. The company holds a Beta of 1.2, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Physitrack PLC will likely underperform. At this point, Physitrack PLC has a negative expected return of -0.65%. Please make sure to check Physitrack PLC's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Physitrack PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Physitrack PLC has average predictability. Overlapping area represents the amount of predictability between Physitrack PLC time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 Physitrack PLC price movement. The serial correlation of 0.48 indicates that about 48.0% of current Physitrack PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.7 |
Physitrack PLC lagged returns against current returns
Autocorrelation, which is Physitrack PLC 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 Physitrack PLC's stock expected returns. We can calculate the autocorrelation of Physitrack PLC returns to help us make a trade decision. For example, suppose you find that Physitrack PLC 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 |
Physitrack PLC 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 Physitrack PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Physitrack PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Physitrack PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Physitrack PLC Lagged Returns
When evaluating Physitrack PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Physitrack PLC stock have on its future price. Physitrack PLC 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, Physitrack PLC autocorrelation shows the relationship between Physitrack PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Physitrack PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Physitrack Stock Analysis
When running Physitrack PLC's price analysis, check to measure Physitrack PLC'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 Physitrack PLC is operating at the current time. Most of Physitrack PLC's value examination focuses on studying past and present price action to predict the probability of Physitrack PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Physitrack PLC's price. Additionally, you may evaluate how the addition of Physitrack PLC to your portfolios can decrease your overall portfolio volatility.