Elixinol Global Stock Market Value
| ELLXF Stock | USD 0.01 0.0001 1.92% |
| Symbol | Elixinol |
Elixinol Global '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 Elixinol Global'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 Elixinol Global.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Elixinol Global on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Elixinol Global or generate 0.0% return on investment in Elixinol Global over 30 days. Elixinol Global is related to or competes with Eagle Pharmaceuticals, ANI Pharmaceuticals, Phibro Animal, Deciphera Pharmaceuticals, Prestige Brand, Alpha Teknova, and Guardion Health. Elixinol Wellness Limited, through its subsidiaries, manufactures and distributes hemp derived nutraceuticals, cosmetics... More
Elixinol Global 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 Elixinol Global'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 Elixinol Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.3 | |||
| Information Ratio | 0.1474 | |||
| Maximum Drawdown | 379.16 | |||
| Value At Risk | (38.64) | |||
| Potential Upside | 86.0 |
Elixinol Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elixinol Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elixinol Global's standard deviation. In reality, there are many statistical measures that can use Elixinol Global historical prices to predict the future Elixinol Global's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 7.42 | |||
| Total Risk Alpha | 3.7 | |||
| Sortino Ratio | 0.2908 | |||
| Treynor Ratio | 1.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elixinol Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elixinol Global Backtested Returns
Elixinol Global is out of control given 3 months investment horizon. Elixinol Global secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 7.73% are justified by taking the suggested risk. Use Elixinol Global Mean Deviation of 31.34, coefficient of variation of 673.36, and Downside Deviation of 26.3 to evaluate company specific risk that cannot be diversified away. Elixinol Global holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 5.64, which means 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, Elixinol Global will likely underperform. Use Elixinol Global total risk alpha and the relationship between the potential upside and day typical price , to analyze future returns on Elixinol Global.
Auto-correlation | -0.02 |
Very weak reverse predictability
Elixinol Global has very weak reverse predictability. Overlapping area represents the amount of predictability between Elixinol Global time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Elixinol Global price movement. The serial correlation of -0.02 indicates that only 2.0% of current Elixinol Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elixinol Global lagged returns against current returns
Autocorrelation, which is Elixinol Global 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 Elixinol Global's pink sheet expected returns. We can calculate the autocorrelation of Elixinol Global returns to help us make a trade decision. For example, suppose you find that Elixinol Global 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 |
Elixinol Global 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 Elixinol Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elixinol Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elixinol Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Elixinol Global Lagged Returns
When evaluating Elixinol Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elixinol Global pink sheet have on its future price. Elixinol Global 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, Elixinol Global autocorrelation shows the relationship between Elixinol Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elixinol Global.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elixinol Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elixinol Global's short interest history, or implied volatility extrapolated from Elixinol Global options trading.
Pair Trading with Elixinol Global
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 Elixinol Global 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 Elixinol Global will appreciate offsetting losses from the drop in the long position's value.Moving against Elixinol Pink Sheet
| 0.51 | NFPDF | Nissin Foods Holdings | PairCorr |
The ability to find closely correlated positions to Elixinol Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elixinol Global 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 Elixinol Global - 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 Elixinol Global to buy it.
The correlation of Elixinol Global 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 Elixinol Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elixinol Global 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 Elixinol Global 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.Check out Elixinol Global Correlation, Elixinol Global Volatility and Elixinol Global Alpha and Beta module to complement your research on Elixinol Global. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Elixinol Pink Sheet analysis
When running Elixinol Global's price analysis, check to measure Elixinol Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elixinol Global is operating at the current time. Most of Elixinol Global's value examination focuses on studying past and present price action to predict the probability of Elixinol Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elixinol Global's price. Additionally, you may evaluate how the addition of Elixinol Global to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Elixinol Global technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.