XAAR PLC (Germany) Market Value
| XAR Stock | EUR 0.91 0.01 1.09% |
| Symbol | XAAR |
XAAR PLC '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 XAAR PLC'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 XAAR PLC.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in XAAR PLC on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding XAAR PLC LS 10 or generate 0.0% return on investment in XAAR PLC over 30 days. XAAR PLC is related to or competes with KENNAMETAL INC, Perseus Mining, Zijin Mining, LION ONE, and ITALIAN WINE. More
XAAR PLC 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 XAAR PLC'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 XAAR PLC LS 10 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.39 |
XAAR PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XAAR PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XAAR PLC's standard deviation. In reality, there are many statistical measures that can use XAAR PLC historical prices to predict the future XAAR PLC's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.87) |
XAAR PLC LS Backtested Returns
XAAR PLC LS retains Efficiency (Sharpe Ratio) of -0.22, which attests that the company had a -0.22% return per unit of volatility over the last 3 months. XAAR PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XAAR PLC's Mean Deviation of 1.9, information ratio of (0.28), and Market Risk Adjusted Performance of (0.86) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XAAR PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding XAAR PLC is expected to be smaller as well. At this point, XAAR PLC LS has a negative expected return of -0.53%. Please make sure to check out XAAR PLC's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if XAAR PLC LS performance from the past will be repeated in the future.
Auto-correlation | 0.63 |
Good predictability
XAAR PLC LS 10 has good predictability. Overlapping area represents the amount of predictability between XAAR PLC time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 XAAR PLC LS price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current XAAR PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XAAR PLC LS lagged returns against current returns
Autocorrelation, which is XAAR PLC 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 XAAR PLC's stock expected returns. We can calculate the autocorrelation of XAAR PLC returns to help us make a trade decision. For example, suppose you find that XAAR PLC 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 |
XAAR PLC 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 XAAR PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XAAR PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XAAR PLC stock over time.
Current vs Lagged Prices |
| Timeline |
XAAR PLC Lagged Returns
When evaluating XAAR PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XAAR PLC stock have on its future price. XAAR PLC 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, XAAR PLC autocorrelation shows the relationship between XAAR PLC stock current value and its past values and can show if there is a momentum factor associated with investing in XAAR PLC LS 10.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in XAAR Stock
XAAR PLC financial ratios help investors to determine whether XAAR 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 XAAR with respect to the benefits of owning XAAR PLC security.