Auxly Cannabis Group Stock Market Value
| XLY Stock | CAD 0.04 0.01 12.50% |
| Symbol | Auxly |
Auxly Cannabis Group Price To Book Ratio
Auxly Cannabis '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 Auxly Cannabis' 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 Auxly Cannabis.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Auxly Cannabis on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Auxly Cannabis Group or generate 0.0% return on investment in Auxly Cannabis over 30 days. Auxly Cannabis is related to or competes with OrganiGram Holdings, and Tilray. Auxly Cannabis Group Inc. operates as a consumer-packaged goods company in the cannabis products market in Canada More
Auxly Cannabis 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 Auxly Cannabis' 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 Auxly Cannabis Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.59 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 42.86 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Auxly Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auxly Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auxly Cannabis' standard deviation. In reality, there are many statistical measures that can use Auxly Cannabis historical prices to predict the future Auxly Cannabis' volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.4085 | |||
| Total Risk Alpha | (1.27) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | (0.17) |
Auxly Cannabis Group Backtested Returns
As of now, Auxly Stock is out of control. Auxly Cannabis Group secures Sharpe Ratio (or Efficiency) of 0.0064, which signifies that the company had a 0.0064% return per unit of risk over the last 3 months. We have found thirty technical indicators for Auxly Cannabis Group, which you can use to evaluate the volatility of the firm. Please confirm Auxly Cannabis' Risk Adjusted Performance of 0.0291, mean deviation of 6.92, and Downside Deviation of 12.59 to double-check if the risk estimate we provide is consistent with the expected return of 0.0615%. The firm shows a Beta (market volatility) of -1.4, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Auxly Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Auxly Cannabis is expected to outperform it. Auxly Cannabis Group right now shows a risk of 9.62%. Please confirm Auxly Cannabis Group semi variance and the relationship between the accumulation distribution and relative strength index , to decide if Auxly Cannabis Group will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Auxly Cannabis Group has good reverse predictability. Overlapping area represents the amount of predictability between Auxly Cannabis time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Auxly Cannabis Group price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Auxly Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Auxly Cannabis Group lagged returns against current returns
Autocorrelation, which is Auxly Cannabis 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 Auxly Cannabis' stock expected returns. We can calculate the autocorrelation of Auxly Cannabis returns to help us make a trade decision. For example, suppose you find that Auxly Cannabis 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 |
Auxly Cannabis 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 Auxly Cannabis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auxly Cannabis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auxly Cannabis stock over time.
Current vs Lagged Prices |
| Timeline |
Auxly Cannabis Lagged Returns
When evaluating Auxly Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auxly Cannabis stock have on its future price. Auxly Cannabis 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, Auxly Cannabis autocorrelation shows the relationship between Auxly Cannabis stock current value and its past values and can show if there is a momentum factor associated with investing in Auxly Cannabis Group.
Regressed Prices |
| Timeline |
Other Information on Investing in Auxly Stock
Auxly Cannabis financial ratios help investors to determine whether Auxly 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 Auxly with respect to the benefits of owning Auxly Cannabis security.