Axim Biotechnologies Stock Market Value
| AXIM Stock | USD 0 0 33.33% |
| Symbol | Axim |
Axim Biotechnologies '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 Axim Biotechnologies' 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 Axim Biotechnologies.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Axim Biotechnologies on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Axim Biotechnologies or generate 0.0% return on investment in Axim Biotechnologies over 360 days. Axim Biotechnologies is related to or competes with Grey Cloak. AXIM Biotechnologies, Inc. develops and sells diagnostic healthcare solutions in the areas of SARS-CoV-2, eye health, an... More
Axim Biotechnologies 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 Axim Biotechnologies' 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 Axim Biotechnologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.43 | |||
| Information Ratio | 0.001 | |||
| Maximum Drawdown | 133.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Axim Biotechnologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axim Biotechnologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axim Biotechnologies' standard deviation. In reality, there are many statistical measures that can use Axim Biotechnologies historical prices to predict the future Axim Biotechnologies' volatility.| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | 0.8061 | |||
| Total Risk Alpha | (3.58) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.02) |
Axim Biotechnologies Backtested Returns
Axim Biotechnologies appears to be out of control, given 3 months investment horizon. Axim Biotechnologies secures Sharpe Ratio (or Efficiency) of 0.0163, which signifies that the company had a 0.0163% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Axim Biotechnologies, which you can use to evaluate the volatility of the firm. Please makes use of Axim Biotechnologies' Downside Deviation of 27.43, risk adjusted performance of 0.0142, and Mean Deviation of 13.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Axim Biotechnologies holds a performance score of 1. The firm shows a Beta (market volatility) of -5.84, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Axim Biotechnologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Axim Biotechnologies is expected to outperform it. Please check Axim Biotechnologies' total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Axim Biotechnologies' price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Axim Biotechnologies has good predictability. Overlapping area represents the amount of predictability between Axim Biotechnologies time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Axim Biotechnologies price movement. The serial correlation of 0.78 indicates that around 78.0% of current Axim Biotechnologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Axim Biotechnologies lagged returns against current returns
Autocorrelation, which is Axim Biotechnologies 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 Axim Biotechnologies' pink sheet expected returns. We can calculate the autocorrelation of Axim Biotechnologies returns to help us make a trade decision. For example, suppose you find that Axim Biotechnologies 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 |
Axim Biotechnologies 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 Axim Biotechnologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axim Biotechnologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axim Biotechnologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Axim Biotechnologies Lagged Returns
When evaluating Axim Biotechnologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axim Biotechnologies pink sheet have on its future price. Axim Biotechnologies 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, Axim Biotechnologies autocorrelation shows the relationship between Axim Biotechnologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Axim Biotechnologies.
Regressed Prices |
| Timeline |
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Axim Biotechnologies financial ratios help investors to determine whether Axim Pink Sheet 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 Axim with respect to the benefits of owning Axim Biotechnologies security.