XReality (Australia) Market Value
| XRG Stock | 0.04 0.01 20.69% |
| Symbol | XReality |
XReality '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 XReality'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 XReality.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in XReality on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding xReality Group or generate 0.0% return on investment in XReality over 720 days. XReality is related to or competes with IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. XReality is entity of Australia. It is traded as Stock on AU exchange. More
XReality 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 XReality'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 xReality Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.22 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.74 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 11.76 |
XReality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XReality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XReality's standard deviation. In reality, there are many statistical measures that can use XReality historical prices to predict the future XReality's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.13) |
xReality Group Backtested Returns
Currently, xReality Group is out of control. xReality Group shows Sharpe Ratio of 0.0221, which attests that the company had a 0.0221% return per unit of risk over the last 3 months. We have found thirty technical indicators for xReality Group, which you can use to evaluate the volatility of the company. Please check out XReality's Mean Deviation of 4.2, downside deviation of 5.22, and Market Risk Adjusted Performance of (0.12) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. XReality has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning XReality are expected to decrease at a much lower rate. During the bear market, XReality is likely to outperform the market. xReality Group right now maintains a risk of 6.14%. Please check out xReality Group coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if xReality Group will be following its historical returns.
Auto-correlation | -0.03 |
Very weak reverse predictability
xReality Group has very weak reverse predictability. Overlapping area represents the amount of predictability between XReality time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 xReality Group price movement. The serial correlation of -0.03 indicates that only 3.0% of current XReality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
xReality Group lagged returns against current returns
Autocorrelation, which is XReality 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 XReality's stock expected returns. We can calculate the autocorrelation of XReality returns to help us make a trade decision. For example, suppose you find that XReality 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 |
XReality 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 XReality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XReality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XReality stock over time.
Current vs Lagged Prices |
| Timeline |
XReality Lagged Returns
When evaluating XReality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XReality stock have on its future price. XReality 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, XReality autocorrelation shows the relationship between XReality stock current value and its past values and can show if there is a momentum factor associated with investing in xReality Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for XReality Stock Analysis
When running XReality's price analysis, check to measure XReality's 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 XReality is operating at the current time. Most of XReality's value examination focuses on studying past and present price action to predict the probability of XReality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XReality's price. Additionally, you may evaluate how the addition of XReality to your portfolios can decrease your overall portfolio volatility.