Xero (Australia) Market Value
| XRO Stock | 174.50 1.58 0.91% |
| Symbol | Xero |
Xero '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 Xero'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 Xero.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Xero on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Xero or generate 0.0% return on investment in Xero over 30 days. Xero is related to or competes with British Amer, Autosports, Infomedia, National Storage, and Data3. Xero is entity of Australia. It is traded as Stock on AU exchange. More
Xero 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 Xero'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 Xero upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.1129 | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.54 |
Xero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xero's standard deviation. In reality, there are many statistical measures that can use Xero historical prices to predict the future Xero's volatility.| Risk Adjusted Performance | 0.1598 | |||
| Jensen Alpha | 0.2865 | |||
| Total Risk Alpha | 0.0554 | |||
| Sortino Ratio | 0.1383 | |||
| Treynor Ratio | (178.94) |
Xero Backtested Returns
Xero appears to be very steady, given 3 months investment horizon. Xero shows Sharpe Ratio of 0.23, which attests that the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xero, which you can use to evaluate the volatility of the company. Please utilize Xero's Downside Deviation of 1.2, mean deviation of 1.09, and Market Risk Adjusted Performance of (178.93) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xero holds a performance score of 18. The firm maintains a market beta of -0.0016, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xero are expected to decrease at a much lower rate. During the bear market, Xero is likely to outperform the market. Please check Xero's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Xero's historical returns will revert.
Auto-correlation | 0.35 |
Below average predictability
Xero has below average predictability. Overlapping area represents the amount of predictability between Xero time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Xero price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Xero price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 33.51 |
Xero lagged returns against current returns
Autocorrelation, which is Xero 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 Xero's stock expected returns. We can calculate the autocorrelation of Xero returns to help us make a trade decision. For example, suppose you find that Xero 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 |
Xero 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 Xero stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xero stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xero stock over time.
Current vs Lagged Prices |
| Timeline |
Xero Lagged Returns
When evaluating Xero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xero stock have on its future price. Xero 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, Xero autocorrelation shows the relationship between Xero stock current value and its past values and can show if there is a momentum factor associated with investing in Xero.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Xero Stock Analysis
When running Xero's price analysis, check to measure Xero'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 Xero is operating at the current time. Most of Xero's value examination focuses on studying past and present price action to predict the probability of Xero's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xero's price. Additionally, you may evaluate how the addition of Xero to your portfolios can decrease your overall portfolio volatility.