SoftOx Solutions (Norway) Market Value
| SOFTX Stock | NOK 0.01 0 20.29% |
| Symbol | SoftOx |
SoftOx Solutions '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 SoftOx Solutions' 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 SoftOx Solutions.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in SoftOx Solutions on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding SoftOx Solutions AS or generate 0.0% return on investment in SoftOx Solutions over 450 days. SoftOx Solutions is related to or competes with Proximar Seafood, Skue Sparebank, Clean Seas, Odfjell Drilling, SpareBank, and Nordic Mining. SoftOx Solutions AS, together with its subsidiaries, operates as a medtech and biotech company in Scandinavian More
SoftOx Solutions 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 SoftOx Solutions' 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 SoftOx Solutions AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 42.85 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 10.37 |
SoftOx Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SoftOx Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SoftOx Solutions' standard deviation. In reality, there are many statistical measures that can use SoftOx Solutions historical prices to predict the future SoftOx Solutions' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.97) | |||
| Treynor Ratio | (18.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SoftOx Solutions' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SoftOx Solutions Backtested Returns
SoftOx Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. SoftOx Solutions AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SoftOx Solutions' Variance of 52.45, coefficient of variation of (884.38), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.0457, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SoftOx Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding SoftOx Solutions is expected to be smaller as well. At this point, SoftOx Solutions has a negative expected return of -1.08%. Please make sure to validate SoftOx Solutions' standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if SoftOx Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
SoftOx Solutions AS has very good predictability. Overlapping area represents the amount of predictability between SoftOx Solutions time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 SoftOx Solutions price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current SoftOx Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SoftOx Solutions lagged returns against current returns
Autocorrelation, which is SoftOx Solutions 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 SoftOx Solutions' stock expected returns. We can calculate the autocorrelation of SoftOx Solutions returns to help us make a trade decision. For example, suppose you find that SoftOx Solutions 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 |
SoftOx Solutions 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 SoftOx Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SoftOx Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SoftOx Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
SoftOx Solutions Lagged Returns
When evaluating SoftOx Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SoftOx Solutions stock have on its future price. SoftOx Solutions 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, SoftOx Solutions autocorrelation shows the relationship between SoftOx Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in SoftOx Solutions AS.
Regressed Prices |
| Timeline |
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SoftOx Solutions financial ratios help investors to determine whether SoftOx 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 SoftOx with respect to the benefits of owning SoftOx Solutions security.