Amexdrug Stock Market Value
| AXRX Stock | USD 0.0002 0.0001 100.00% |
| Symbol | Amexdrug |
Amexdrug '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 Amexdrug'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 Amexdrug.
| 05/06/2025 |
| 08/04/2025 |
If you would invest 0.00 in Amexdrug on May 6, 2025 and sell it all today you would earn a total of 0.00 from holding Amexdrug or generate 0.0% return on investment in Amexdrug over 90 days. Amexdrug is related to or competes with Parker Hannifin, Anheuser Busch, Chart Industries, Boston Beer, RBC Bearings, and PepsiCo. Amexdrug Corporation, a pharmaceutical and cosmeceutical company, through its subsidiaries, primarily distributes pharma... More
Amexdrug 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 Amexdrug'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 Amexdrug upside and downside potential and time the market with a certain degree of confidence.
Amexdrug Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amexdrug's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amexdrug's standard deviation. In reality, there are many statistical measures that can use Amexdrug historical prices to predict the future Amexdrug's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.1039 | |||
| Total Risk Alpha | (2.18) | |||
| Treynor Ratio | (0.18) |
Amexdrug Backtested Returns
At this stage we consider Amexdrug Pink Sheet to be out of control. Amexdrug secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for Amexdrug, which you can use to evaluate the volatility of the firm. Please confirm Amexdrug's risk adjusted performance of 0.013, and Mean Deviation of 3.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0781%. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Amexdrug are expected to decrease at a much lower rate. During the bear market, Amexdrug is likely to outperform the market. Amexdrug right now shows a risk of 17.38%. Please confirm Amexdrug market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and day median price , to decide if Amexdrug will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Amexdrug has good reverse predictability. Overlapping area represents the amount of predictability between Amexdrug time series from 6th of May 2025 to 20th of June 2025 and 20th of June 2025 to 4th of August 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 Amexdrug price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Amexdrug price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amexdrug lagged returns against current returns
Autocorrelation, which is Amexdrug 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 Amexdrug's pink sheet expected returns. We can calculate the autocorrelation of Amexdrug returns to help us make a trade decision. For example, suppose you find that Amexdrug 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 |
Amexdrug 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 Amexdrug pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amexdrug pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amexdrug pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Amexdrug Lagged Returns
When evaluating Amexdrug's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amexdrug pink sheet have on its future price. Amexdrug 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, Amexdrug autocorrelation shows the relationship between Amexdrug pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Amexdrug.
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 Amexdrug Pink Sheet Analysis
When running Amexdrug's price analysis, check to measure Amexdrug'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 Amexdrug is operating at the current time. Most of Amexdrug's value examination focuses on studying past and present price action to predict the probability of Amexdrug's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amexdrug's price. Additionally, you may evaluate how the addition of Amexdrug to your portfolios can decrease your overall portfolio volatility.