Pharnext (France) Market Value
| ALPHA Stock | EUR 0.0002 0.00 0.00% |
| Symbol | Pharnext |
Pharnext '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 Pharnext'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 Pharnext.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Pharnext on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Pharnext SA or generate 0.0% return on investment in Pharnext over 90 days. Pharnext is related to or competes with Technip Energies, Entech SE, Eutelsat Communications, Hotel Majestic, Sartorius Stedim, Soditech, and Hitechpros. Pharnext SA, a clinical-stage biopharmaceutical company, develops therapeutics for severe orphan and common neurodegener... More
Pharnext 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 Pharnext'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 Pharnext SA upside and downside potential and time the market with a certain degree of confidence.
Pharnext Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pharnext's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pharnext's standard deviation. In reality, there are many statistical measures that can use Pharnext historical prices to predict the future Pharnext's volatility.Pharnext SA Backtested Returns
We have found six technical indicators for Pharnext SA, which you can use to evaluate the volatility of the company. Please check Pharnext's Day Typical Price of 2.0E-4, accumulation distribution of 0.5, and Price Action Indicator of 1.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Pharnext are completely uncorrelated. Pharnext SA right now holds a risk of 0.0%. Please check Pharnext SA accumulation distribution and price action indicator , to decide if Pharnext SA will be following its historical price patterns.
Auto-correlation | 1.00 |
Perfect predictability
Pharnext SA has perfect predictability. Overlapping area represents the amount of predictability between Pharnext time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Pharnext SA price movement. The serial correlation of 1.0 indicates that 100.0% of current Pharnext 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 |
Pharnext SA lagged returns against current returns
Autocorrelation, which is Pharnext 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 Pharnext's stock expected returns. We can calculate the autocorrelation of Pharnext returns to help us make a trade decision. For example, suppose you find that Pharnext 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 |
Pharnext 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 Pharnext stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pharnext stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pharnext stock over time.
Current vs Lagged Prices |
| Timeline |
Pharnext Lagged Returns
When evaluating Pharnext's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pharnext stock have on its future price. Pharnext 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, Pharnext autocorrelation shows the relationship between Pharnext stock current value and its past values and can show if there is a momentum factor associated with investing in Pharnext 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.Additional Tools for Pharnext Stock Analysis
When running Pharnext's price analysis, check to measure Pharnext'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 Pharnext is operating at the current time. Most of Pharnext's value examination focuses on studying past and present price action to predict the probability of Pharnext's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pharnext's price. Additionally, you may evaluate how the addition of Pharnext to your portfolios can decrease your overall portfolio volatility.