Abionyx Pharma (France) Market Value
| ABNX Stock | EUR 1.24 0.02 1.64% |
| Symbol | Abionyx |
Abionyx Pharma '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 Abionyx Pharma'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 Abionyx Pharma.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Abionyx Pharma on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Abionyx Pharma SA or generate 0.0% return on investment in Abionyx Pharma over 30 days. Abionyx Pharma is related to or competes with Hydrogen Refueling, OSE Pharma, Biophytis, and Abivax SA. ABIONYX Pharma SA, a biopharmaceutical company, discovers and develops high density lipoprotein therapies for the treatm... More
Abionyx Pharma 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 Abionyx Pharma'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 Abionyx Pharma SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 5.56 |
Abionyx Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abionyx Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abionyx Pharma's standard deviation. In reality, there are many statistical measures that can use Abionyx Pharma historical prices to predict the future Abionyx Pharma's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.1656 |
Abionyx Pharma SA Backtested Returns
Abionyx Pharma SA secures Sharpe Ratio (or Efficiency) of -0.0157, which signifies that the company had a -0.0157% return per unit of risk over the last 3 months. Abionyx Pharma SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abionyx Pharma's Mean Deviation of 1.81, standard deviation of 2.58, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Abionyx Pharma are expected to decrease at a much lower rate. During the bear market, Abionyx Pharma is likely to outperform the market. At this point, Abionyx Pharma SA has a negative expected return of -0.0405%. Please make sure to confirm Abionyx Pharma's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Abionyx Pharma SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Abionyx Pharma SA has insignificant predictability. Overlapping area represents the amount of predictability between Abionyx Pharma time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Abionyx Pharma SA price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Abionyx Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Abionyx Pharma SA lagged returns against current returns
Autocorrelation, which is Abionyx Pharma 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 Abionyx Pharma's stock expected returns. We can calculate the autocorrelation of Abionyx Pharma returns to help us make a trade decision. For example, suppose you find that Abionyx Pharma 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 |
Abionyx Pharma 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 Abionyx Pharma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abionyx Pharma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abionyx Pharma stock over time.
Current vs Lagged Prices |
| Timeline |
Abionyx Pharma Lagged Returns
When evaluating Abionyx Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abionyx Pharma stock have on its future price. Abionyx Pharma 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, Abionyx Pharma autocorrelation shows the relationship between Abionyx Pharma stock current value and its past values and can show if there is a momentum factor associated with investing in Abionyx Pharma SA.
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 Abionyx Stock
Abionyx Pharma financial ratios help investors to determine whether Abionyx 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 Abionyx with respect to the benefits of owning Abionyx Pharma security.