Phonex Inc Stock Market Value
| PXHI Stock | USD 1.10 0.09 7.56% |
| 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.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Phonex on November 1, 2024 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 90 days. Phonex is related to or competes with TSS, Common. 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.
| Downside Deviation | 7.58 | |||
| Information Ratio | 0.0304 | |||
| Maximum Drawdown | 23.65 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 8.49 |
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 | 0.0519 | |||
| Jensen Alpha | 0.2663 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0153 | |||
| Treynor Ratio | (0.19) |
Phonex Inc Backtested Returns
Phonex Inc maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Phonex Inc exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phonex's Risk Adjusted Performance of 0.0519, coefficient of variation of 1902.62, and Semi Deviation of 2.64 to confirm the risk estimate we provide. The company holds a Beta of -1.0, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Phonex are expected to decrease slowly. On the other hand, during market turmoil, Phonex is expected to outperform it slightly. At this point, Phonex Inc has a negative expected return of -0.0024%. Please make sure to check Phonex's value at risk, as well as the relationship between the skewness and day typical price , to decide if Phonex Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Phonex Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Phonex time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th 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 Phonex Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Phonex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.