Exent Corp Stock Market Value
EXNN Stock | USD 4.01 0.00 0.00% |
Symbol | Exent |
Exent Corp '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 Exent Corp'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 Exent Corp.
03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Exent Corp on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Exent Corp or generate 0.0% return on investment in Exent Corp over 30 days. Exent Corp is related to or competes with Symbotic, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, and Via Renewables. Exent Corp. focuses on developing, promoting, and executing integrated smart-home systems and solutions in the Peoples R... More
Exent Corp 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 Exent Corp'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 Exent Corp upside and downside potential and time the market with a certain degree of confidence.
Exent Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exent Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exent Corp's standard deviation. In reality, there are many statistical measures that can use Exent Corp historical prices to predict the future Exent Corp's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Exent Corp'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.
Exent Corp Backtested Returns
We have found three technical indicators for Exent Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Exent Corp are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Exent Corp has perfect predictability. Overlapping area represents the amount of predictability between Exent Corp time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 Exent Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Exent Corp price fluctuation can be explain by its past prices.
Correlation Coefficient | 1.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Exent Corp lagged returns against current returns
Autocorrelation, which is Exent Corp 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 Exent Corp's pink sheet expected returns. We can calculate the autocorrelation of Exent Corp returns to help us make a trade decision. For example, suppose you find that Exent Corp 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 |
Exent Corp 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 Exent Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exent Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exent Corp pink sheet over time.
Current vs Lagged Prices |
Timeline |
Exent Corp Lagged Returns
When evaluating Exent Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exent Corp pink sheet have on its future price. Exent Corp 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, Exent Corp autocorrelation shows the relationship between Exent Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Exent Corp.
Regressed Prices |
Timeline |
Pair Trading with Exent Corp
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 Exent Corp 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 Exent Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Exent Pink Sheet
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1.0 | GCFB | Granite City Food | PairCorr |
1.0 | BFDE | Bedford Energy | PairCorr |
The ability to find closely correlated positions to Exent Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exent Corp 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 Exent Corp - 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 Exent Corp to buy it.
The correlation of Exent Corp 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 Exent Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exent Corp 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 Exent Corp 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 Exent Corp Correlation, Exent Corp Volatility and Exent Corp Alpha and Beta module to complement your research on Exent Corp. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Exent Pink Sheet analysis
When running Exent Corp's price analysis, check to measure Exent Corp'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 Exent Corp is operating at the current time. Most of Exent Corp's value examination focuses on studying past and present price action to predict the probability of Exent Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exent Corp's price. Additionally, you may evaluate how the addition of Exent Corp to your portfolios can decrease your overall portfolio volatility.
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Exent Corp 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.