Pharming Group (Netherlands) Market Value
| PHARM Stock | EUR 0.83 0.02 2.35% |
| Symbol | Pharming |
Pharming Group '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 Pharming Group'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 Pharming Group.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Pharming Group on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Pharming Group NV or generate 0.0% return on investment in Pharming Group over 30 days. Pharming Group is related to or competes with Galapagos, Koninklijke BAM, Fugro NV, PostNL NV, and AMG Advanced. Pharming Group N.V., a specialty pharmaceutical company, develops and manufactures biopharmaceutical products in the Uni... More
Pharming Group 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 Pharming Group'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 Pharming Group NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.0794 | |||
| Maximum Drawdown | 20.57 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 6.02 |
Pharming Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pharming Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pharming Group's standard deviation. In reality, there are many statistical measures that can use Pharming Group historical prices to predict the future Pharming Group's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.2487 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 0.2845 |
Pharming Group NV Backtested Returns
Pharming Group appears to be extremely dangerous, given 3 months investment horizon. Pharming Group NV maintains Sharpe Ratio (i.e., Efficiency) of 0.0954, which implies the firm had a 0.0954% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pharming Group NV, which you can use to evaluate the volatility of the company. Please evaluate Pharming Group's Coefficient Of Variation of 950.47, semi deviation of 2.58, and Risk Adjusted Performance of 0.0838 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pharming Group holds a performance score of 7. The company holds a Beta of 1.19, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pharming Group will likely underperform. Please check Pharming Group's information ratio and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Pharming Group's historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Pharming Group NV has good predictability. Overlapping area represents the amount of predictability between Pharming Group time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Pharming Group NV price movement. The serial correlation of 0.72 indicates that around 72.0% of current Pharming Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pharming Group NV lagged returns against current returns
Autocorrelation, which is Pharming Group 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 Pharming Group's stock expected returns. We can calculate the autocorrelation of Pharming Group returns to help us make a trade decision. For example, suppose you find that Pharming Group 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 |
Pharming Group 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 Pharming Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pharming Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pharming Group stock over time.
Current vs Lagged Prices |
| Timeline |
Pharming Group Lagged Returns
When evaluating Pharming Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pharming Group stock have on its future price. Pharming Group 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, Pharming Group autocorrelation shows the relationship between Pharming Group stock current value and its past values and can show if there is a momentum factor associated with investing in Pharming Group NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Information and Resources on Investing in Pharming Stock
When determining whether Pharming Group NV is a strong investment it is important to analyze Pharming Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pharming Group's future performance. For an informed investment choice regarding Pharming Stock, refer to the following important reports:Check out Pharming Group Correlation, Pharming Group Volatility and Pharming Group Alpha and Beta module to complement your research on Pharming Group. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Pharming Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.