Abaxx Technologies Stock Market Value
| ABXXF Stock | USD 33.47 0.05 0.15% |
| Symbol | Abaxx |
Abaxx Technologies '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 Abaxx Technologies' otc 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 Abaxx Technologies.
| 12/20/2024 |
| 12/15/2025 |
If you would invest 0.00 in Abaxx Technologies on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Abaxx Technologies or generate 0.0% return on investment in Abaxx Technologies over 360 days. Abaxx Technologies is related to or competes with Bravura Solutions, TeamViewer, TomTom NV, Family Zone, Kainos Group, Northern Data, and UbiSoft Entertainment. Abaxx Technologies Inc., a financial software company, develops software tools for commodity traders and finance profess... More
Abaxx Technologies 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 Abaxx Technologies' otc 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 Abaxx Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1612 | |||
| Maximum Drawdown | 29.32 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 10.08 |
Abaxx Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abaxx Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abaxx Technologies' standard deviation. In reality, there are many statistical measures that can use Abaxx Technologies historical prices to predict the future Abaxx Technologies' volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 0.7606 | |||
| Total Risk Alpha | 0.3783 | |||
| Sortino Ratio | 0.2277 | |||
| Treynor Ratio | 0.6764 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abaxx Technologies' 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.
Abaxx Technologies Backtested Returns
Abaxx Technologies appears to be not too volatile, given 3 months investment horizon. Abaxx Technologies secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of standard deviation over the last 3 months. By analyzing Abaxx Technologies' technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please makes use of Abaxx Technologies' mean deviation of 3.2, and Risk Adjusted Performance of 0.1327 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Abaxx Technologies holds a performance score of 13. The firm shows a Beta (market volatility) of 1.25, which signifies 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, Abaxx Technologies will likely underperform. Please check Abaxx Technologies' coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Abaxx Technologies' price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Abaxx Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Abaxx Technologies time series from 20th of December 2024 to 18th of June 2025 and 18th of June 2025 to 15th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Abaxx Technologies price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Abaxx Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 85.08 |
Abaxx Technologies lagged returns against current returns
Autocorrelation, which is Abaxx Technologies otc 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 Abaxx Technologies' otc stock expected returns. We can calculate the autocorrelation of Abaxx Technologies returns to help us make a trade decision. For example, suppose you find that Abaxx Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
Abaxx Technologies 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 Abaxx Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abaxx Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abaxx Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Abaxx Technologies Lagged Returns
When evaluating Abaxx Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abaxx Technologies otc stock have on its future price. Abaxx Technologies 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, Abaxx Technologies autocorrelation shows the relationship between Abaxx Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Abaxx Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
Other Information on Investing in Abaxx OTC Stock
Abaxx Technologies financial ratios help investors to determine whether Abaxx OTC 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 Abaxx with respect to the benefits of owning Abaxx Technologies security.