Xtract One Technologies Stock Market Value
| XTRA Stock | 0.66 0.01 1.49% |
| Symbol | Xtract |
Xtract One Technologies Price To Book Ratio
Xtract One '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 Xtract One'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 Xtract One.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Xtract One on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Xtract One Technologies or generate 0.0% return on investment in Xtract One over 30 days. Xtract One is related to or competes with Mene, Africa Oil, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Xtract One is entity of Canada. It is traded as Stock on TO exchange. More
Xtract One 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 Xtract One'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 Xtract One Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 14.69 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.17 |
Xtract One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtract One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtract One's standard deviation. In reality, there are many statistical measures that can use Xtract One historical prices to predict the future Xtract One's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.1581 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.21) |
Xtract One Technologies Backtested Returns
As of now, Xtract Stock is extremely dangerous. Xtract One Technologies shows Sharpe Ratio of 0.06, which attests that the company had a 0.06% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtract One Technologies, which you can use to evaluate the volatility of the company. Please check out Xtract One's Market Risk Adjusted Performance of (0.20), downside deviation of 2.95, and Mean Deviation of 2.17 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Xtract One has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xtract One are expected to decrease at a much lower rate. During the bear market, Xtract One is likely to outperform the market. Xtract One Technologies right now maintains a risk of 2.72%. Please check out Xtract One Technologies treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Xtract One Technologies will be following its historical returns.
Auto-correlation | -0.41 |
Modest reverse predictability
Xtract One Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Xtract One time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Xtract One Technologies price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Xtract One price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xtract One Technologies lagged returns against current returns
Autocorrelation, which is Xtract One 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 Xtract One's stock expected returns. We can calculate the autocorrelation of Xtract One returns to help us make a trade decision. For example, suppose you find that Xtract One 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 |
Xtract One 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 Xtract One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtract One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtract One stock over time.
Current vs Lagged Prices |
| Timeline |
Xtract One Lagged Returns
When evaluating Xtract One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtract One stock have on its future price. Xtract One 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, Xtract One autocorrelation shows the relationship between Xtract One stock current value and its past values and can show if there is a momentum factor associated with investing in Xtract One Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Xtract One
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtract One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtract One will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Xtract One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtract One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtract One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtract One Technologies to buy it.
The correlation of Xtract One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtract One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtract One Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtract One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Xtract Stock
Xtract One financial ratios help investors to determine whether Xtract 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 Xtract with respect to the benefits of owning Xtract One security.