Pixie Dust Technologies Stock Market Value
| PXDT Stock | 1.53 0.06 3.77% |
| Symbol | Pixie |
Pixie Dust Technologies Price To Book Ratio
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pixie Dust. If investors know Pixie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pixie Dust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.96) | Revenue Per Share 80.505 | Quarterly Revenue Growth 0.886 | Return On Assets (0.30) | Return On Equity (0.86) |
The market value of Pixie Dust Technologies is measured differently than its book value, which is the value of Pixie that is recorded on the company's balance sheet. Investors also form their own opinion of Pixie Dust's value that differs from its market value or its book value, called intrinsic value, which is Pixie Dust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pixie Dust's market value can be influenced by many factors that don't directly affect Pixie Dust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pixie Dust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pixie Dust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pixie Dust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pixie Dust '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 Pixie Dust'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 Pixie Dust.
| 05/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in Pixie Dust on May 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pixie Dust Technologies or generate 0.0% return on investment in Pixie Dust over 30 days. Pixie Dust is related to or competes with VivoPower International, Exela Technologies, DigiAsia Corp, Star Equity, XYLO, and Fractyl Health. Pixie Dust is entity of United States. It is traded as Stock on NASDAQ exchange. More
Pixie Dust 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 Pixie Dust'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 Pixie Dust Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 46.28 | |||
| Value At Risk | (9.77) | |||
| Potential Upside | 7.51 |
Pixie Dust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pixie Dust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pixie Dust's standard deviation. In reality, there are many statistical measures that can use Pixie Dust historical prices to predict the future Pixie Dust's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pixie Dust'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.
Pixie Dust Technologies Backtested Returns
Pixie Dust Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0812, which implies the firm had a -0.0812% return per unit of risk over the last 3 months. Pixie Dust Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pixie Dust's Coefficient Of Variation of (1,196), risk adjusted performance of (0.04), and Variance of 48.1 to confirm the risk estimate we provide. The company holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Pixie Dust returns are very sensitive to returns on the market. As the market goes up or down, Pixie Dust is expected to follow. At this point, Pixie Dust Technologies has a negative expected return of -0.56%. Please make sure to check Pixie Dust's potential upside and day median price , to decide if Pixie Dust Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Pixie Dust Technologies has below average predictability. Overlapping area represents the amount of predictability between Pixie Dust time series from 21st of May 2024 to 5th of June 2024 and 5th of June 2024 to 20th of June 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 Pixie Dust Technologies price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Pixie Dust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pixie Dust Technologies lagged returns against current returns
Autocorrelation, which is Pixie Dust 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 Pixie Dust's stock expected returns. We can calculate the autocorrelation of Pixie Dust returns to help us make a trade decision. For example, suppose you find that Pixie Dust 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 |
Pixie Dust 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 Pixie Dust stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pixie Dust stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pixie Dust stock over time.
Current vs Lagged Prices |
| Timeline |
Pixie Dust Lagged Returns
When evaluating Pixie Dust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pixie Dust stock have on its future price. Pixie Dust 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, Pixie Dust autocorrelation shows the relationship between Pixie Dust stock current value and its past values and can show if there is a momentum factor associated with investing in Pixie Dust Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Pixie Dust
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 Pixie Dust 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 Pixie Dust will appreciate offsetting losses from the drop in the long position's value.Moving together with Pixie Stock
Moving against Pixie Stock
| 0.79 | DOGZ | Dogness International | PairCorr |
| 0.55 | DXYN | Dixie Group | PairCorr |
| 0.52 | VSTO | Vista Outdoor | PairCorr |
| 0.39 | FEBO | Fenbo Holdings | PairCorr |
The ability to find closely correlated positions to Pixie Dust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pixie Dust 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 Pixie Dust - 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 Pixie Dust Technologies to buy it.
The correlation of Pixie Dust 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 Pixie Dust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pixie Dust Technologies 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 Pixie Dust 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.Additional Tools for Pixie Stock Analysis
When running Pixie Dust's price analysis, check to measure Pixie Dust'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 Pixie Dust is operating at the current time. Most of Pixie Dust's value examination focuses on studying past and present price action to predict the probability of Pixie Dust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pixie Dust's price. Additionally, you may evaluate how the addition of Pixie Dust to your portfolios can decrease your overall portfolio volatility.