Seluxit AS (Denmark) Market Value
| SLXIT Stock | 3.50 0.06 1.69% |
| Symbol | Seluxit |
Seluxit AS '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 Seluxit AS'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 Seluxit AS.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Seluxit AS on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Seluxit AS or generate 0.0% return on investment in Seluxit AS over 30 days. Seluxit AS is related to or competes with Spar Nord, Vestjysk Bank, Djurslands Bank, PARKEN Sport, Kreditbanken, North Media, and Hvidbjerg Bank. More
Seluxit AS 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 Seluxit AS'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 Seluxit AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.84 | |||
| Information Ratio | 0.1045 | |||
| Maximum Drawdown | 63.33 | |||
| Value At Risk | (14.18) | |||
| Potential Upside | 35.54 |
Seluxit AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seluxit AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seluxit AS's standard deviation. In reality, there are many statistical measures that can use Seluxit AS historical prices to predict the future Seluxit AS's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.1566 | |||
| Treynor Ratio | 0.6976 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seluxit AS'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.
Seluxit AS Backtested Returns
Seluxit AS appears to be dangerous, given 3 months investment horizon. Seluxit AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0567, which indicates the firm had a 0.0567% return per unit of risk over the last 3 months. By inspecting Seluxit AS's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Seluxit AS's Risk Adjusted Performance of 0.0792, semi deviation of 7.86, and Coefficient Of Variation of 895.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Seluxit AS holds a performance score of 4. The entity has a beta of 2.11, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Seluxit AS will likely underperform. Please check Seluxit AS's value at risk, as well as the relationship between the kurtosis and period momentum indicator , to make a quick decision on whether Seluxit AS's existing price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Seluxit AS has poor reverse predictability. Overlapping area represents the amount of predictability between Seluxit AS time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Seluxit AS price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Seluxit AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Seluxit AS lagged returns against current returns
Autocorrelation, which is Seluxit AS 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 Seluxit AS's stock expected returns. We can calculate the autocorrelation of Seluxit AS returns to help us make a trade decision. For example, suppose you find that Seluxit AS 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 |
Seluxit AS 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 Seluxit AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seluxit AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seluxit AS stock over time.
Current vs Lagged Prices |
| Timeline |
Seluxit AS Lagged Returns
When evaluating Seluxit AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seluxit AS stock have on its future price. Seluxit AS 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, Seluxit AS autocorrelation shows the relationship between Seluxit AS stock current value and its past values and can show if there is a momentum factor associated with investing in Seluxit AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Seluxit AS Correlation, Seluxit AS Volatility and Seluxit AS Alpha and Beta module to complement your research on Seluxit AS. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Seluxit Stock analysis
When running Seluxit AS's price analysis, check to measure Seluxit AS'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 Seluxit AS is operating at the current time. Most of Seluxit AS's value examination focuses on studying past and present price action to predict the probability of Seluxit AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seluxit AS's price. Additionally, you may evaluate how the addition of Seluxit AS to your portfolios can decrease your overall portfolio volatility.
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Seluxit AS technical stock 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, stock market cycles, or different charting patterns.