Cantargia (Sweden) Market Value
| CANTA Stock | SEK 1.83 0.01 0.55% |
| Symbol | Cantargia |
Cantargia '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 Cantargia'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 Cantargia.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cantargia on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cantargia AB or generate 0.0% return on investment in Cantargia over 90 days. Cantargia is related to or competes with Hansa Biopharma, Oncopeptides, BioArctic, Alligator Bioscience, and Saniona AB. Cantargia AB , a biotechnology company, engages in the research and development of antibody-based treatments for life th... More
Cantargia 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 Cantargia'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 Cantargia AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 48.23 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 6.11 |
Cantargia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cantargia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cantargia's standard deviation. In reality, there are many statistical measures that can use Cantargia historical prices to predict the future Cantargia's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (1.94) | |||
| Treynor Ratio | 0.2363 |
Cantargia AB Backtested Returns
Cantargia AB secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Cantargia AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cantargia's Standard Deviation of 5.98, risk adjusted performance of (0.12), and Mean Deviation of 3.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -4.42, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cantargia are expected to decrease by larger amounts. On the other hand, during market turmoil, Cantargia is expected to outperform it. At this point, Cantargia AB has a negative expected return of -1.03%. Please make sure to confirm Cantargia's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Cantargia AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Cantargia AB has very good predictability. Overlapping area represents the amount of predictability between Cantargia time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Cantargia AB price movement. The serial correlation of 0.83 indicates that around 83.0% of current Cantargia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Cantargia AB lagged returns against current returns
Autocorrelation, which is Cantargia 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 Cantargia's stock expected returns. We can calculate the autocorrelation of Cantargia returns to help us make a trade decision. For example, suppose you find that Cantargia 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 |
Cantargia 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 Cantargia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cantargia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cantargia stock over time.
Current vs Lagged Prices |
| Timeline |
Cantargia Lagged Returns
When evaluating Cantargia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cantargia stock have on its future price. Cantargia 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, Cantargia autocorrelation shows the relationship between Cantargia stock current value and its past values and can show if there is a momentum factor associated with investing in Cantargia AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cantargia Stock Analysis
When running Cantargia's price analysis, check to measure Cantargia'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 Cantargia is operating at the current time. Most of Cantargia's value examination focuses on studying past and present price action to predict the probability of Cantargia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cantargia's price. Additionally, you may evaluate how the addition of Cantargia to your portfolios can decrease your overall portfolio volatility.