Omv Ag Pk Stock Market Value
| OMVKY Stock | USD 10.08 0.07 0.69% |
| Symbol | OMV |
OMV AG '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 AG'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 AG.
| 08/21/2024 |
| 09/20/2024 |
If you would invest 0.00 in OMV AG on August 21, 2024 and sell it all today you would earn a total of 0.00 from holding OMV AG PK or generate 0.0% return on investment in OMV AG over 30 days. OMV AG is related to or competes with Galp Energa, OMV Aktiengesellscha, and Eneos Holdings. OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, New Zealand, th... More
OMV AG 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 AG'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 AG PK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.62 |
OMV AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMV AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMV AG's standard deviation. In reality, there are many statistical measures that can use OMV AG historical prices to predict the future OMV AG's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.5312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OMV AG'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 AG PK Backtested Returns
OMV AG PK maintains Sharpe Ratio (i.e., Efficiency) of -0.0726, which implies the firm had a -0.0726% return per unit of standard deviation over the last 3 months. OMV AG PK exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OMV AG's Coefficient Of Variation of (2,415), market risk adjusted performance of 0.5412, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OMV AG are expected to decrease at a much lower rate. During the bear market, OMV AG is likely to outperform the market. At this point, OMV AG PK has a negative expected return of -0.081%. Please make sure to check OMV AG's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if OMV AG PK performance from the past will be repeated at some future point.
Auto-correlation | -0.24 |
Weak reverse predictability
OMV AG PK has weak reverse predictability. Overlapping area represents the amount of predictability between OMV AG time series from 21st of August 2024 to 5th of September 2024 and 5th of September 2024 to 20th of September 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 AG PK price movement. The serial correlation of -0.24 indicates that over 24.0% of current OMV AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
OMV AG PK lagged returns against current returns
Autocorrelation, which is OMV AG 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 AG's pink sheet expected returns. We can calculate the autocorrelation of OMV AG returns to help us make a trade decision. For example, suppose you find that OMV AG 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 AG 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 AG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMV AG 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 AG pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OMV AG Lagged Returns
When evaluating OMV AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMV AG pink sheet have on its future price. OMV AG 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 AG autocorrelation shows the relationship between OMV AG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OMV AG PK.
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 OMV Pink Sheet Analysis
When running OMV AG's price analysis, check to measure OMV AG'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 AG is operating at the current time. Most of OMV AG's value examination focuses on studying past and present price action to predict the probability of OMV AG'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 AG's price. Additionally, you may evaluate how the addition of OMV AG to your portfolios can decrease your overall portfolio volatility.