Xplora Technologies (Norway) Market Value
| XPLRA Stock | NOK 28.80 1.10 3.97% |
| Symbol | Xplora |
Xplora 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 Xplora Technologies' 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 Xplora Technologies.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Xplora Technologies on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Xplora Technologies As or generate 0.0% return on investment in Xplora Technologies over 30 days. Xplora Technologies is related to or competes with Airthings ASA, Nordic Unmanned, Pexip Holding, and Huddlestock Fintech. Xplora Technologies AS, an information technology company, develops wearable smart devices and services for kids and fam... More
Xplora 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 Xplora Technologies' 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 Xplora Technologies As upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.2817 | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 7.06 |
Xplora Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xplora Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xplora Technologies' standard deviation. In reality, there are many statistical measures that can use Xplora Technologies historical prices to predict the future Xplora Technologies' volatility.| Risk Adjusted Performance | 0.2544 | |||
| Jensen Alpha | 0.9456 | |||
| Total Risk Alpha | 0.5259 | |||
| Sortino Ratio | 0.3161 | |||
| Treynor Ratio | 1.34 |
Xplora Technologies Backtested Returns
Xplora Technologies is not too volatile given 3 months investment horizon. Xplora Technologies shows Sharpe Ratio of 0.32, which attests that the company had a 0.32% return per unit of risk over the last 3 months. We were able to break down and interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Xplora Technologies As Mean Deviation of 2.41, market risk adjusted performance of 1.35, and Downside Deviation of 2.91 to evaluate company specific risk that cannot be diversified away. Xplora Technologies holds a performance score of 25 on a scale of zero to a hundred. The firm maintains a market beta of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xplora Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xplora Technologies is expected to be smaller as well. Use Xplora Technologies As maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to analyze future returns on Xplora Technologies As.
Auto-correlation | 0.10 |
Insignificant predictability
Xplora Technologies As has insignificant predictability. Overlapping area represents the amount of predictability between Xplora Technologies 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 Xplora Technologies price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Xplora Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Xplora Technologies lagged returns against current returns
Autocorrelation, which is Xplora Technologies 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 Xplora Technologies' stock expected returns. We can calculate the autocorrelation of Xplora Technologies returns to help us make a trade decision. For example, suppose you find that Xplora Technologies 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 |
Xplora 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 Xplora Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xplora Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xplora Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Xplora Technologies Lagged Returns
When evaluating Xplora Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xplora Technologies stock have on its future price. Xplora 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, Xplora Technologies autocorrelation shows the relationship between Xplora Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Xplora Technologies As.
Regressed Prices |
| Timeline |
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Xplora Technologies financial ratios help investors to determine whether Xplora 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 Xplora with respect to the benefits of owning Xplora Technologies security.