Ocado Group Plc Stock Market Value
| OCDGF Stock | USD 4.35 0.11 2.59% |
| Symbol | Ocado |
Ocado Group '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 Ocado Group'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 Ocado Group.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Ocado Group on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Ocado Group PLC or generate 0.0% return on investment in Ocado Group over 270 days. Ocado Group is related to or competes with Natural Grocers, Grocery Outlet, Village Super, Ingles Markets, and Albertsons Companies. Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally More
Ocado Group 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 Ocado Group'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 Ocado Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (7.40) | |||
| Potential Upside | 4.79 |
Ocado Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocado Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocado Group's standard deviation. In reality, there are many statistical measures that can use Ocado Group historical prices to predict the future Ocado Group's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | 4.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocado Group'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.
Ocado Group PLC Backtested Returns
Ocado Group PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24% return per unit of risk over the last 3 months. Ocado Group PLC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocado Group's Risk Adjusted Performance of (0.14), coefficient of variation of (408.34), and Variance of 13.04 to confirm the risk estimate we provide. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ocado Group are expected to decrease at a much lower rate. During the bear market, Ocado Group is likely to outperform the market. Ocado Group PLC has an expected return of -0.8%. Please make sure to check Ocado Group PLC standard deviation, potential upside, day typical price, as well as the relationship between the jensen alpha and daily balance of power , to decide if Ocado Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Ocado Group PLC has good predictability. Overlapping area represents the amount of predictability between Ocado Group time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Ocado Group PLC price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ocado Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Ocado Group PLC lagged returns against current returns
Autocorrelation, which is Ocado Group 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 Ocado Group's pink sheet expected returns. We can calculate the autocorrelation of Ocado Group returns to help us make a trade decision. For example, suppose you find that Ocado Group 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 |
Ocado Group 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 Ocado Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocado Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocado Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ocado Group Lagged Returns
When evaluating Ocado Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocado Group pink sheet have on its future price. Ocado Group 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, Ocado Group autocorrelation shows the relationship between Ocado Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ocado Group PLC.
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 Ocado Group 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, Ocado Group's short interest history, or implied volatility extrapolated from Ocado Group options trading.
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Complementary Tools for Ocado Pink Sheet analysis
When running Ocado Group's price analysis, check to measure Ocado Group'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 Ocado Group is operating at the current time. Most of Ocado Group's value examination focuses on studying past and present price action to predict the probability of Ocado Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocado Group's price. Additionally, you may evaluate how the addition of Ocado Group to your portfolios can decrease your overall portfolio volatility.
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Ocado Group 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.