POLARX (Germany) Market Value
| PX0 Stock | EUR 0 0.0005 33.33% |
| Symbol | POLARX |
POLARX '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 POLARX'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 POLARX.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in POLARX on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding POLARX LTD or generate 0.0% return on investment in POLARX over 510 days. POLARX is related to or competes with UNITED RENTALS, LION ONE, Air Lease, ADRIATIC METALS, Avanos Medical, Diamyd Medical, and Global Ship. PolarX Limited engages in the exploration and development of mineral properties in the United States More
POLARX 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 POLARX'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 POLARX LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.64 | |||
| Information Ratio | 0.1705 | |||
| Maximum Drawdown | 583.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
POLARX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POLARX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POLARX's standard deviation. In reality, there are many statistical measures that can use POLARX historical prices to predict the future POLARX's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 13.65 | |||
| Total Risk Alpha | 1.1 | |||
| Sortino Ratio | 0.3792 | |||
| Treynor Ratio | 4.54 |
POLARX LTD Backtested Returns
POLARX is out of control given 3 months investment horizon. POLARX LTD maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of volatility over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 14.45% are justified by taking the suggested risk. Use POLARX risk adjusted performance of 0.1342, and Semi Deviation of 17.54 to evaluate company specific risk that cannot be diversified away. POLARX holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of 3.08, 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, POLARX will likely underperform. Use POLARX sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on POLARX.
Auto-correlation | 0.14 |
Insignificant predictability
POLARX LTD has insignificant predictability. Overlapping area represents the amount of predictability between POLARX time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 POLARX LTD price movement. The serial correlation of 0.14 indicates that less than 14.0% of current POLARX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
POLARX LTD lagged returns against current returns
Autocorrelation, which is POLARX 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 POLARX's stock expected returns. We can calculate the autocorrelation of POLARX returns to help us make a trade decision. For example, suppose you find that POLARX 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 |
POLARX 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 POLARX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POLARX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POLARX stock over time.
Current vs Lagged Prices |
| Timeline |
POLARX Lagged Returns
When evaluating POLARX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POLARX stock have on its future price. POLARX 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, POLARX autocorrelation shows the relationship between POLARX stock current value and its past values and can show if there is a momentum factor associated with investing in POLARX LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in POLARX Stock
POLARX financial ratios help investors to determine whether POLARX 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 POLARX with respect to the benefits of owning POLARX security.