Photocure (Norway) Market Value
| PHO Stock | NOK 58.50 1.50 2.63% |
| Symbol | Photocure |
Photocure '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 Photocure'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 Photocure.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Photocure on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Photocure or generate 0.0% return on investment in Photocure over 30 days. Photocure is related to or competes with Instabank ASA, Skue Sparebank, BW Offshore, Romsdal Sparebank, Sparebanken Ost, Shelf Drilling, and Odfjell Drilling. Photocure ASA, a specialty pharmaceutical company, engages in the research, development, production, distribution, marke... More
Photocure 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 Photocure'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 Photocure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0681 | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 4.79 |
Photocure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Photocure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Photocure's standard deviation. In reality, there are many statistical measures that can use Photocure historical prices to predict the future Photocure's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.2347 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0846 | |||
| Treynor Ratio | 0.9769 |
Photocure Backtested Returns
As of now, Photocure Stock is very steady. Photocure maintains Sharpe Ratio (i.e., Efficiency) of 0.0804, which implies the firm had a 0.0804% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Photocure, which you can use to evaluate the volatility of the company. Please check Photocure's Semi Deviation of 1.46, coefficient of variation of 806.5, and Risk Adjusted Performance of 0.0963 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Photocure has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Photocure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Photocure is expected to be smaller as well. Photocure right now holds a risk of 2.02%. Please check Photocure expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Photocure will be following its historical price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Photocure has excellent reverse predictability. Overlapping area represents the amount of predictability between Photocure time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Photocure price movement. The serial correlation of -0.83 indicates that around 83.0% of current Photocure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 12.51 |
Photocure lagged returns against current returns
Autocorrelation, which is Photocure 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 Photocure's stock expected returns. We can calculate the autocorrelation of Photocure returns to help us make a trade decision. For example, suppose you find that Photocure 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 |
Photocure 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 Photocure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Photocure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Photocure stock over time.
Current vs Lagged Prices |
| Timeline |
Photocure Lagged Returns
When evaluating Photocure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Photocure stock have on its future price. Photocure 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, Photocure autocorrelation shows the relationship between Photocure stock current value and its past values and can show if there is a momentum factor associated with investing in Photocure.
Regressed Prices |
| Timeline |
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Photocure financial ratios help investors to determine whether Photocure 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 Photocure with respect to the benefits of owning Photocure security.