Xlife Sciences (Switzerland) Market Value
| XLS Stock | 30.10 0.80 2.59% |
| Symbol | Xlife |
Xlife Sciences '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 Xlife Sciences' 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 Xlife Sciences.
| 03/29/2024 |
| 06/27/2024 |
If you would invest 0.00 in Xlife Sciences on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Xlife Sciences AG or generate 0.0% return on investment in Xlife Sciences over 90 days. Xlife Sciences is related to or competes with Swiss Life, Swiss Re, Helvetia Holding, Partners Group, and Straumann Holding. More
Xlife Sciences 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 Xlife Sciences' 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 Xlife Sciences AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 4.69 |
Xlife Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xlife Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xlife Sciences' standard deviation. In reality, there are many statistical measures that can use Xlife Sciences historical prices to predict the future Xlife Sciences' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 3.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xlife Sciences' 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.
Xlife Sciences AG Backtested Returns
Xlife Sciences AG shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Xlife Sciences AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xlife Sciences' Mean Deviation of 2.55, market risk adjusted performance of 3.83, and Standard Deviation of 3.54 to validate the risk estimate we provide. The firm maintains a market beta of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xlife Sciences are expected to decrease at a much lower rate. During the bear market, Xlife Sciences is likely to outperform the market. At this point, Xlife Sciences AG has a negative expected return of -0.58%. Please make sure to check out Xlife Sciences' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Xlife Sciences AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Xlife Sciences AG has average predictability. Overlapping area represents the amount of predictability between Xlife Sciences time series from 29th of March 2024 to 13th of May 2024 and 13th of May 2024 to 27th of June 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 Xlife Sciences AG price movement. The serial correlation of 0.47 indicates that about 47.0% of current Xlife Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.64 |
Xlife Sciences AG lagged returns against current returns
Autocorrelation, which is Xlife Sciences 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 Xlife Sciences' stock expected returns. We can calculate the autocorrelation of Xlife Sciences returns to help us make a trade decision. For example, suppose you find that Xlife Sciences 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 |
Xlife Sciences 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 Xlife Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xlife Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xlife Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Xlife Sciences Lagged Returns
When evaluating Xlife Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xlife Sciences stock have on its future price. Xlife Sciences 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, Xlife Sciences autocorrelation shows the relationship between Xlife Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Xlife Sciences AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Xlife Stock Analysis
When running Xlife Sciences' price analysis, check to measure Xlife Sciences' 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 Xlife Sciences is operating at the current time. Most of Xlife Sciences' value examination focuses on studying past and present price action to predict the probability of Xlife Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xlife Sciences' price. Additionally, you may evaluate how the addition of Xlife Sciences to your portfolios can decrease your overall portfolio volatility.