Exor Nv Stock Market Value
| EXXRF Stock | USD 107.30 0.40 0.37% |
| Symbol | Exor |
Exor NV '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 Exor NV's pink sheet 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 Exor NV.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Exor NV on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Exor NV or generate 0.0% return on investment in Exor NV over 30 days. Exor NV is related to or competes with HUMANA, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and Victory Sophus. Exor N.V., together with its subsidiaries, engages in the luxury goods, automotive, agricultural equipment, construction... More
Exor NV 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 Exor NV's pink sheet 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 Exor NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.64 |
Exor NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exor NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exor NV's standard deviation. In reality, there are many statistical measures that can use Exor NV historical prices to predict the future Exor NV's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.1106 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | 0.7547 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Exor NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Exor NV Backtested Returns
We consider Exor NV very steady. Exor NV secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Exor NV, which you can use to evaluate the volatility of the firm. Please confirm Exor NV's Downside Deviation of 1.82, coefficient of variation of 1082.4, and Mean Deviation of 0.8222 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Exor NV has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Exor NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Exor NV is expected to be smaller as well. Exor NV right now shows a risk of 1.41%. Please confirm Exor NV treynor ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Exor NV will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Exor NV has modest predictability. Overlapping area represents the amount of predictability between Exor NV time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Exor NV price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Exor NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Exor NV lagged returns against current returns
Autocorrelation, which is Exor NV pink sheet'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 Exor NV's pink sheet expected returns. We can calculate the autocorrelation of Exor NV returns to help us make a trade decision. For example, suppose you find that Exor NV has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Exor NV 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 Exor NV pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exor NV pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exor NV pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Exor NV Lagged Returns
When evaluating Exor NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exor NV pink sheet have on its future price. Exor NV 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, Exor NV autocorrelation shows the relationship between Exor NV pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Exor NV.
Regressed Prices |
| Timeline |
Pair Trading with Exor NV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Exor NV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Exor NV will appreciate offsetting losses from the drop in the long position's value.Moving together with Exor Pink Sheet
| 0.92 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
| 0.92 | TOYOF | Toyota Motor Corp | PairCorr |
| 0.72 | VWAGY | Volkswagen AG 110 | PairCorr |
Moving against Exor Pink Sheet
| 0.92 | WISA | WiSA Technologies Trending | PairCorr |
| 0.66 | BA | Boeing Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Exor NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exor NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exor NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Exor NV to buy it.
The correlation of Exor NV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exor NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exor NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Exor NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Exor NV Correlation, Exor NV Volatility and Exor NV Alpha and Beta module to complement your research on Exor NV. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Exor Pink Sheet analysis
When running Exor NV's price analysis, check to measure Exor NV'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 Exor NV is operating at the current time. Most of Exor NV's value examination focuses on studying past and present price action to predict the probability of Exor NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exor NV's price. Additionally, you may evaluate how the addition of Exor NV to your portfolios can decrease your overall portfolio volatility.
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Exor NV technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.