PHENIXFIN (Germany) Market Value
| Q29 Stock | 46.80 0.00 0.00% |
| Symbol | PHENIXFIN |
Please note, there is a significant difference between PHENIXFIN's value and its price as these two are different measures arrived at by different means. Investors typically determine if PHENIXFIN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PHENIXFIN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PHENIXFIN '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 PHENIXFIN'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 PHENIXFIN.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in PHENIXFIN on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding PHENIXFIN P DL or generate 0.0% return on investment in PHENIXFIN over 30 days. PHENIXFIN is related to or competes with TITANIUM TRANSPORTGROUP, UNITED UTILITIES, Fukuyama Transporting, COPLAND ROAD, Kaufman Broad, AIR PRODCHEMICALS, and Mitsui Chemicals. More
PHENIXFIN 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 PHENIXFIN'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 PHENIXFIN P DL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.87 |
PHENIXFIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHENIXFIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHENIXFIN's standard deviation. In reality, there are many statistical measures that can use PHENIXFIN historical prices to predict the future PHENIXFIN's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.1504 | |||
| Total Risk Alpha | 0.0688 | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | 13.01 |
PHENIXFIN P DL Backtested Returns
PHENIXFIN appears to be very steady, given 3 months investment horizon. PHENIXFIN P DL maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for PHENIXFIN P DL, which you can use to evaluate the volatility of the company. Please evaluate PHENIXFIN's Mean Deviation of 0.9746, semi deviation of 1.35, and Risk Adjusted Performance of 0.0895 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PHENIXFIN holds a performance score of 12. The company holds a Beta of 0.0116, which implies not very significant fluctuations relative to the market. As returns on the market increase, PHENIXFIN's returns are expected to increase less than the market. However, during the bear market, the loss of holding PHENIXFIN is expected to be smaller as well. Please check PHENIXFIN's information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to make a quick decision on whether PHENIXFIN's historical price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
PHENIXFIN P DL has good predictability. Overlapping area represents the amount of predictability between PHENIXFIN time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 PHENIXFIN P DL price movement. The serial correlation of 0.68 indicates that around 68.0% of current PHENIXFIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
PHENIXFIN P DL lagged returns against current returns
Autocorrelation, which is PHENIXFIN 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 PHENIXFIN's stock expected returns. We can calculate the autocorrelation of PHENIXFIN returns to help us make a trade decision. For example, suppose you find that PHENIXFIN 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 |
PHENIXFIN 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 PHENIXFIN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHENIXFIN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHENIXFIN stock over time.
Current vs Lagged Prices |
| Timeline |
PHENIXFIN Lagged Returns
When evaluating PHENIXFIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHENIXFIN stock have on its future price. PHENIXFIN 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, PHENIXFIN autocorrelation shows the relationship between PHENIXFIN stock current value and its past values and can show if there is a momentum factor associated with investing in PHENIXFIN P DL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PHENIXFIN Stock
PHENIXFIN financial ratios help investors to determine whether PHENIXFIN 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 PHENIXFIN with respect to the benefits of owning PHENIXFIN security.