Cardax Inc Stock Market Value
| CDXI Stock | USD 0.0002 0.00 0.00% |
| Symbol | Cardax |
Cardax '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 Cardax'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 Cardax.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Cardax on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cardax Inc or generate 0.0% return on investment in Cardax over 90 days. Cardax, Inc., a biopharmaceutical company, develops and commercializes dietary supplements for inflammatory health and p... More
Cardax 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 Cardax'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 Cardax Inc upside and downside potential and time the market with a certain degree of confidence.
Cardax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardax's standard deviation. In reality, there are many statistical measures that can use Cardax historical prices to predict the future Cardax's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cardax'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.
Cardax Inc Backtested Returns
We have found three technical indicators for Cardax Inc, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cardax are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Cardax Inc has perfect predictability. Overlapping area represents the amount of predictability between Cardax time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 Cardax Inc price movement. The serial correlation of 1.0 indicates that 100.0% of current Cardax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cardax Inc lagged returns against current returns
Autocorrelation, which is Cardax 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 Cardax's pink sheet expected returns. We can calculate the autocorrelation of Cardax returns to help us make a trade decision. For example, suppose you find that Cardax 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 |
Cardax 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 Cardax pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardax pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardax pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cardax Lagged Returns
When evaluating Cardax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardax pink sheet have on its future price. Cardax 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, Cardax autocorrelation shows the relationship between Cardax pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cardax Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Cardax Correlation, Cardax Volatility and Cardax Alpha and Beta module to complement your research on Cardax. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Cardax Pink Sheet analysis
When running Cardax's price analysis, check to measure Cardax'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 Cardax is operating at the current time. Most of Cardax's value examination focuses on studying past and present price action to predict the probability of Cardax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardax's price. Additionally, you may evaluate how the addition of Cardax to your portfolios can decrease your overall portfolio volatility.
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Cardax 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.