Phoenix Apps Stock Market Value
| PXPP Stock | USD 0.0001 0.00 0.00% |
| Symbol | Phoenix |
Phoenix Apps Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phoenix Apps. If investors know Phoenix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phoenix Apps listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Phoenix Apps is measured differently than its book value, which is the value of Phoenix that is recorded on the company's balance sheet. Investors also form their own opinion of Phoenix Apps' value that differs from its market value or its book value, called intrinsic value, which is Phoenix Apps' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phoenix Apps' market value can be influenced by many factors that don't directly affect Phoenix Apps' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Phoenix Apps' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phoenix Apps is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phoenix Apps' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Phoenix Apps '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 Phoenix Apps' 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 Phoenix Apps.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Phoenix Apps on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Phoenix Apps or generate 0.0% return on investment in Phoenix Apps over 600 days. Phoenix Apps is related to or competes with Life360, Vertex, Intapp, Full Truck, Clearwater Analytics, Trust Stamp, and HeartCore Enterprises. Phoenix Apps Inc. develops Android and Apple mobile applications More
Phoenix Apps 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 Phoenix Apps' 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 Phoenix Apps upside and downside potential and time the market with a certain degree of confidence.
Phoenix Apps Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phoenix Apps' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoenix Apps' standard deviation. In reality, there are many statistical measures that can use Phoenix Apps historical prices to predict the future Phoenix Apps' volatility.Phoenix Apps Backtested Returns
We have found three technical indicators for Phoenix Apps, 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 Phoenix Apps are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Phoenix Apps has perfect predictability. Overlapping area represents the amount of predictability between Phoenix Apps time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Phoenix Apps price movement. The serial correlation of 1.0 indicates that 100.0% of current Phoenix Apps 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 |
Phoenix Apps lagged returns against current returns
Autocorrelation, which is Phoenix Apps 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 Phoenix Apps' stock expected returns. We can calculate the autocorrelation of Phoenix Apps returns to help us make a trade decision. For example, suppose you find that Phoenix Apps 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 |
Phoenix Apps 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 Phoenix Apps stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoenix Apps stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoenix Apps stock over time.
Current vs Lagged Prices |
| Timeline |
Phoenix Apps Lagged Returns
When evaluating Phoenix Apps' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoenix Apps stock have on its future price. Phoenix Apps 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, Phoenix Apps autocorrelation shows the relationship between Phoenix Apps stock current value and its past values and can show if there is a momentum factor associated with investing in Phoenix Apps.
Regressed Prices |
| Timeline |
Pair Trading with Phoenix Apps
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Phoenix Apps position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Phoenix Apps will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Phoenix Apps could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phoenix Apps when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Phoenix Apps - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Phoenix Apps to buy it.
The correlation of Phoenix Apps is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phoenix Apps moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phoenix Apps moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Phoenix Apps can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Phoenix Stock Analysis
When running Phoenix Apps' price analysis, check to measure Phoenix Apps' 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 Phoenix Apps is operating at the current time. Most of Phoenix Apps' value examination focuses on studying past and present price action to predict the probability of Phoenix Apps' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Apps' price. Additionally, you may evaluate how the addition of Phoenix Apps to your portfolios can decrease your overall portfolio volatility.