AXMIN (Germany) Market Value
| A4JN Stock | EUR 0.01 0.00 0.00% |
| Symbol | AXMIN |
AXMIN '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 AXMIN'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 AXMIN.
| 11/22/2024 |
| 12/22/2024 |
AXMIN 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 AXMIN'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 AXMIN Inc upside and downside potential and time the market with a certain degree of confidence.
AXMIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXMIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXMIN's standard deviation. In reality, there are many statistical measures that can use AXMIN historical prices to predict the future AXMIN's volatility.AXMIN Inc Backtested Returns
We have found three technical indicators for AXMIN 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 AXMIN are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
AXMIN Inc has perfect predictability. Overlapping area represents the amount of predictability between AXMIN time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 AXMIN Inc price movement. The serial correlation of 1.0 indicates that 100.0% of current AXMIN 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 |
AXMIN Inc lagged returns against current returns
Autocorrelation, which is AXMIN 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 AXMIN's stock expected returns. We can calculate the autocorrelation of AXMIN returns to help us make a trade decision. For example, suppose you find that AXMIN 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 |
AXMIN 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 AXMIN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXMIN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXMIN stock over time.
Current vs Lagged Prices |
| Timeline |
AXMIN Lagged Returns
When evaluating AXMIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXMIN stock have on its future price. AXMIN 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, AXMIN autocorrelation shows the relationship between AXMIN stock current value and its past values and can show if there is a momentum factor associated with investing in AXMIN Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in AXMIN Stock
AXMIN financial ratios help investors to determine whether AXMIN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AXMIN with respect to the benefits of owning AXMIN security.