Resverlogix Corp Stock Market Value
| RVX Stock | CAD 0.06 0.01 14.29% |
| Symbol | Resverlogix |
Resverlogix Corp Price To Book Ratio
Resverlogix Corp '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 Resverlogix Corp'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 Resverlogix Corp.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Resverlogix Corp on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Resverlogix Corp or generate 0.0% return on investment in Resverlogix Corp over 180 days. Resverlogix Corp is related to or competes with Oncolytics Biotech, Theratechnologies, Microbix Biosystems, Aptose Biosciences, and Helix BioPharma. Resverlogix Corp. operates as a late-stage clinical biotechnology company More
Resverlogix Corp 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 Resverlogix Corp'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 Resverlogix Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Resverlogix Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resverlogix Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resverlogix Corp's standard deviation. In reality, there are many statistical measures that can use Resverlogix Corp historical prices to predict the future Resverlogix Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (0.14) |
Resverlogix Corp Backtested Returns
Resverlogix Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0486, which implies the firm had a -0.0486% return per unit of risk over the last 3 months. Resverlogix Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resverlogix Corp's Variance of 56.35, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,710) to confirm the risk estimate we provide. The company holds a Beta of 1.24, 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, Resverlogix Corp will likely underperform. At this point, Resverlogix Corp has a negative expected return of -0.37%. Please make sure to check Resverlogix Corp's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Resverlogix Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Resverlogix Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Resverlogix Corp time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Resverlogix Corp price movement. The serial correlation of -0.22 indicates that over 22.0% of current Resverlogix Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resverlogix Corp lagged returns against current returns
Autocorrelation, which is Resverlogix Corp 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 Resverlogix Corp's stock expected returns. We can calculate the autocorrelation of Resverlogix Corp returns to help us make a trade decision. For example, suppose you find that Resverlogix Corp 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 |
Resverlogix Corp 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 Resverlogix Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resverlogix Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resverlogix Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Resverlogix Corp Lagged Returns
When evaluating Resverlogix Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resverlogix Corp stock have on its future price. Resverlogix Corp 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, Resverlogix Corp autocorrelation shows the relationship between Resverlogix Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Resverlogix Corp.
Regressed Prices |
| Timeline |
Pair Trading with Resverlogix Corp
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 Resverlogix Corp 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 Resverlogix Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Resverlogix Stock
| 0.65 | META | Meta Platforms CDR | PairCorr |
| 0.63 | WMT | Walmart Inc CDR | PairCorr |
| 0.5 | AMZN | Amazon CDR | PairCorr |
| 0.5 | AVGO | Broadcom | PairCorr |
| 0.44 | TSLA | Tesla Inc CDR | PairCorr |
The ability to find closely correlated positions to Resverlogix Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Resverlogix Corp 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 Resverlogix Corp - 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 Resverlogix Corp to buy it.
The correlation of Resverlogix Corp 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 Resverlogix Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Resverlogix Corp 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 Resverlogix Corp 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.Other Information on Investing in Resverlogix Stock
Resverlogix Corp financial ratios help investors to determine whether Resverlogix 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 Resverlogix with respect to the benefits of owning Resverlogix Corp security.