Omv Aktiengesellschaft Stock Market Value
OMVJF Stock | USD 47.05 1.40 2.89% |
Symbol | OMV |
OMV Aktiengesellscha '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 OMV Aktiengesellscha'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 OMV Aktiengesellscha.
03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in OMV Aktiengesellscha on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding OMV Aktiengesellschaft or generate 0.0% return on investment in OMV Aktiengesellscha over 30 days. OMV Aktiengesellscha is related to or competes with Shell PLC, Equinor ASA, BP PLC, and Eni SPA. OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, New Zealand, th... More
OMV Aktiengesellscha 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 OMV Aktiengesellscha'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 OMV Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.93 | |||
Information Ratio | 0.0266 | |||
Maximum Drawdown | 9.14 | |||
Value At Risk | (2.77) | |||
Potential Upside | 3.05 |
OMV Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMV Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMV Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use OMV Aktiengesellscha historical prices to predict the future OMV Aktiengesellscha's volatility.Risk Adjusted Performance | 0.048 | |||
Jensen Alpha | 0.0928 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.013 | |||
Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OMV Aktiengesellscha'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.
OMV Aktiengesellschaft Backtested Returns
We consider OMV Aktiengesellscha very steady. OMV Aktiengesellschaft maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for OMV Aktiengesellschaft, which you can use to evaluate the volatility of the company. Please check OMV Aktiengesellscha's Semi Deviation of 0.8167, risk adjusted performance of 0.048, and Market Risk Adjusted Performance of (0.60) to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. OMV Aktiengesellscha has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OMV Aktiengesellscha are expected to decrease at a much lower rate. During the bear market, OMV Aktiengesellscha is likely to outperform the market. OMV Aktiengesellschaft presently holds a risk of 1.38%. Please check OMV Aktiengesellschaft potential upside, as well as the relationship between the skewness and day median price , to decide if OMV Aktiengesellschaft will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
OMV Aktiengesellschaft has no correlation between past and present. Overlapping area represents the amount of predictability between OMV Aktiengesellscha time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 OMV Aktiengesellschaft price movement. The serial correlation of 0.0 indicates that just 0.0% of current OMV Aktiengesellscha price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 0.78 | |
Residual Average | 0.0 | |
Price Variance | 1.15 |
OMV Aktiengesellschaft lagged returns against current returns
Autocorrelation, which is OMV Aktiengesellscha 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 OMV Aktiengesellscha's pink sheet expected returns. We can calculate the autocorrelation of OMV Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that OMV Aktiengesellscha 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 |
OMV Aktiengesellscha 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 OMV Aktiengesellscha pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMV Aktiengesellscha pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMV Aktiengesellscha pink sheet over time.
Current vs Lagged Prices |
Timeline |
OMV Aktiengesellscha Lagged Returns
When evaluating OMV Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMV Aktiengesellscha pink sheet have on its future price. OMV Aktiengesellscha 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, OMV Aktiengesellscha autocorrelation shows the relationship between OMV Aktiengesellscha pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OMV Aktiengesellschaft.
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 OMV Aktiengesellscha 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, OMV Aktiengesellscha's short interest history, or implied volatility extrapolated from OMV Aktiengesellscha options trading.
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Complementary Tools for OMV Pink Sheet analysis
When running OMV Aktiengesellscha's price analysis, check to measure OMV Aktiengesellscha'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 OMV Aktiengesellscha is operating at the current time. Most of OMV Aktiengesellscha's value examination focuses on studying past and present price action to predict the probability of OMV Aktiengesellscha's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OMV Aktiengesellscha's price. Additionally, you may evaluate how the addition of OMV Aktiengesellscha to your portfolios can decrease your overall portfolio volatility.
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OMV Aktiengesellscha 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.