Xero Limited Stock Market Value
| XROLF Stock | USD 108.40 0.71 0.65% |
| Symbol | Xero |
Xero '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 Xero's pink sheet 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 Xero.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Xero on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Xero Limited or generate 0.0% return on investment in Xero over 180 days. Xero is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Uber Technologies, Shopify, and Applovin Corp. Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the... More
Xero 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 Xero's pink sheet 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 Xero Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.06 | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 2.13 |
Xero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xero's standard deviation. In reality, there are many statistical measures that can use Xero historical prices to predict the future Xero's volatility.| Risk Adjusted Performance | 0.1463 | |||
| Jensen Alpha | 0.1805 | |||
| Total Risk Alpha | 0.0123 | |||
| Sortino Ratio | 0.0397 | |||
| Treynor Ratio | 2.09 |
Xero Limited Backtested Returns
Xero appears to be very steady, given 3 months investment horizon. Xero Limited shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Xero Limited, which you can use to evaluate the volatility of the company. Please utilize Xero's Downside Deviation of 1.63, market risk adjusted performance of 2.1, and Mean Deviation of 0.5841 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xero holds a performance score of 15. The firm maintains a market beta of 0.0921, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xero's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xero is expected to be smaller as well. Please check Xero's potential upside, as well as the relationship between the skewness and day median price , to make a quick decision on whether Xero's historical returns will revert.
Auto-correlation | 0.60 |
Good predictability
Xero Limited has good predictability. Overlapping area represents the amount of predictability between Xero time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Xero Limited price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Xero price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 17.62 |
Xero Limited lagged returns against current returns
Autocorrelation, which is Xero pink sheet'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 Xero's pink sheet expected returns. We can calculate the autocorrelation of Xero returns to help us make a trade decision. For example, suppose you find that Xero has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Xero 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 Xero pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xero pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xero pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xero Lagged Returns
When evaluating Xero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xero pink sheet have on its future price. Xero 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, Xero autocorrelation shows the relationship between Xero pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xero Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xero Pink Sheet
Xero financial ratios help investors to determine whether Xero Pink Sheet 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 Xero with respect to the benefits of owning Xero security.