Pyrum Innovations (Norway) Market Value
| PYRUM Stock | 345.00 5.00 1.43% |
| Symbol | Pyrum |
Pyrum Innovations '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 Pyrum Innovations' 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 Pyrum Innovations.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Pyrum Innovations on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pyrum Innovations AG or generate 0.0% return on investment in Pyrum Innovations over 30 days. Pyrum Innovations is related to or competes with Aker Horizons, Aker Solutions, REC Silicon, Elkem ASA, Integrated Wind, Vow ASA, and North Energy. More
Pyrum Innovations 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 Pyrum Innovations' 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 Pyrum Innovations AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.006 | |||
| Maximum Drawdown | 25.43 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 5.77 |
Pyrum Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyrum Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pyrum Innovations' standard deviation. In reality, there are many statistical measures that can use Pyrum Innovations historical prices to predict the future Pyrum Innovations' volatility.| Risk Adjusted Performance | 0.0409 | |||
| Jensen Alpha | 0.0949 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0071 | |||
| Treynor Ratio | 0.3477 |
Pyrum Innovations Backtested Returns
As of now, Pyrum Stock is very steady. Pyrum Innovations maintains Sharpe Ratio (i.e., Efficiency) of 0.0384, which implies the firm had a 0.0384% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pyrum Innovations, which you can use to evaluate the volatility of the company. Please check Pyrum Innovations' Semi Deviation of 2.57, coefficient of variation of 2320.05, and Risk Adjusted Performance of 0.0409 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Pyrum Innovations has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pyrum Innovations' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pyrum Innovations is expected to be smaller as well. Pyrum Innovations right now holds a risk of 3.74%. Please check Pyrum Innovations downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Pyrum Innovations will be following its historical price patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Pyrum Innovations AG has excellent reverse predictability. Overlapping area represents the amount of predictability between Pyrum Innovations time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Pyrum Innovations price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Pyrum Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 143.83 |
Pyrum Innovations lagged returns against current returns
Autocorrelation, which is Pyrum Innovations 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 Pyrum Innovations' stock expected returns. We can calculate the autocorrelation of Pyrum Innovations returns to help us make a trade decision. For example, suppose you find that Pyrum Innovations 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 |
Pyrum Innovations 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 Pyrum Innovations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pyrum Innovations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pyrum Innovations stock over time.
Current vs Lagged Prices |
| Timeline |
Pyrum Innovations Lagged Returns
When evaluating Pyrum Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pyrum Innovations stock have on its future price. Pyrum Innovations 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, Pyrum Innovations autocorrelation shows the relationship between Pyrum Innovations stock current value and its past values and can show if there is a momentum factor associated with investing in Pyrum Innovations AG.
Regressed Prices |
| Timeline |
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Pyrum Innovations financial ratios help investors to determine whether Pyrum 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 Pyrum with respect to the benefits of owning Pyrum Innovations security.