Phonex Inc Stock Market Value
| PXHI Stock | USD 1.06 0.07 6.19% |
| Symbol | Phonex |
Phonex '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 Phonex'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 Phonex.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Phonex on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Phonex Inc or generate 0.0% return on investment in Phonex over 660 days. Phonex is related to or competes with 1StdibsCom, Natural Health, Hour Loop, Liquidity Services, and Qurate Retail. PhoneX Holdings, Inc. operates as a market maker of used smartphones More
Phonex 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 Phonex'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 Phonex Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 0.9434 |
Phonex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phonex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phonex's standard deviation. In reality, there are many statistical measures that can use Phonex historical prices to predict the future Phonex's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.0646 | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.05) |
Phonex Inc Backtested Returns
Phonex is dangerous at the moment. Phonex Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.006, which implies the firm had a 0.006% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Phonex Inc, which you can use to evaluate the volatility of the company. Please check Phonex's Risk Adjusted Performance of 0.0159, variance of 5.93, and Coefficient Of Variation of 8495.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.0148%. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Phonex are expected to decrease at a much lower rate. During the bear market, Phonex is likely to outperform the market. Phonex Inc right now holds a risk of 2.47%. Please check Phonex Inc total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Phonex Inc will be following its historical price patterns.
Auto-correlation | 0.68 |
Good predictability
Phonex Inc has good predictability. Overlapping area represents the amount of predictability between Phonex time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Phonex Inc price movement. The serial correlation of 0.68 indicates that around 68.0% of current Phonex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Phonex Inc lagged returns against current returns
Autocorrelation, which is Phonex 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 Phonex's pink sheet expected returns. We can calculate the autocorrelation of Phonex returns to help us make a trade decision. For example, suppose you find that Phonex 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 |
Phonex 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 Phonex pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phonex pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phonex pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Phonex Lagged Returns
When evaluating Phonex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phonex pink sheet have on its future price. Phonex 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, Phonex autocorrelation shows the relationship between Phonex pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Phonex Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Phonex Pink Sheet
Phonex financial ratios help investors to determine whether Phonex 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 Phonex with respect to the benefits of owning Phonex security.