Virexit Technologies Stock Market Value
| VXIT Stock | USD 0.0004 0.0001 20.00% |
| Symbol | VirExit |
VirExit Technologies '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 VirExit Technologies' 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 VirExit Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in VirExit Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding VirExit Technologies or generate 0.0% return on investment in VirExit Technologies over 30 days. VirExit Technologies is related to or competes with Constellation Energy, Orsted A/S, Orsted A/S, HUMANA, Barloworld, Thrivent High, and Morningstar Unconstrained. VirExit Technologies, Inc. develops and provides antiviral technologies, personal protective equipment, and health and w... More
VirExit Technologies 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 VirExit Technologies' 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 VirExit Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 61.9 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 14.29 |
VirExit Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VirExit Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VirExit Technologies' standard deviation. In reality, there are many statistical measures that can use VirExit Technologies historical prices to predict the future VirExit Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (2.57) | |||
| Treynor Ratio | (0.99) |
VirExit Technologies Backtested Returns
VirExit Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0855, which indicates the firm had a -0.0855% return per unit of risk over the last 3 months. VirExit Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VirExit Technologies' Risk Adjusted Performance of (0.06), coefficient of variation of (1,082), and Variance of 110.63 to confirm the risk estimate we provide. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. VirExit Technologies returns are very sensitive to returns on the market. As the market goes up or down, VirExit Technologies is expected to follow. At this point, VirExit Technologies has a negative expected return of -0.9%. Please make sure to validate VirExit Technologies' value at risk and rate of daily change , to decide if VirExit Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
VirExit Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between VirExit Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 VirExit Technologies price movement. The serial correlation of -0.12 indicates that less than 12.0% of current VirExit Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VirExit Technologies lagged returns against current returns
Autocorrelation, which is VirExit Technologies 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 VirExit Technologies' pink sheet expected returns. We can calculate the autocorrelation of VirExit Technologies returns to help us make a trade decision. For example, suppose you find that VirExit Technologies 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 |
VirExit Technologies 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 VirExit Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VirExit Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VirExit Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
VirExit Technologies Lagged Returns
When evaluating VirExit Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VirExit Technologies pink sheet have on its future price. VirExit Technologies 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, VirExit Technologies autocorrelation shows the relationship between VirExit Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in VirExit Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for VirExit Pink Sheet Analysis
When running VirExit Technologies' price analysis, check to measure VirExit Technologies' 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 VirExit Technologies is operating at the current time. Most of VirExit Technologies' value examination focuses on studying past and present price action to predict the probability of VirExit Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VirExit Technologies' price. Additionally, you may evaluate how the addition of VirExit Technologies to your portfolios can decrease your overall portfolio volatility.