Odico AS (Denmark) Market Value
| ODICO Stock | DKK 0.39 0.00 0.00% |
| Symbol | Odico |
Odico AS '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 Odico AS's 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 Odico AS.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Odico AS on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Odico AS or generate 0.0% return on investment in Odico AS over 720 days. Odico AS is related to or competes with RTX AS, Matas AS, DFDS AS, Schouw, and Per Aarsleff. Odico AS manufactures formwork for the construction and wind turbine industries More
Odico AS 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 Odico AS's 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 Odico AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.66 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 4.88 |
Odico AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odico AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odico AS's standard deviation. In reality, there are many statistical measures that can use Odico AS historical prices to predict the future Odico AS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 1.25 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Odico AS'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.
Odico AS Backtested Returns
Odico AS maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Odico AS exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odico AS's Variance of 13.07, coefficient of variation of (974.99), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Odico AS are expected to decrease at a much lower rate. During the bear market, Odico AS is likely to outperform the market. Odico AS has an expected return of -0.43%. Please make sure to check Odico AS total risk alpha, as well as the relationship between the kurtosis and relative strength index , to decide if Odico AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Odico AS has very good predictability. Overlapping area represents the amount of predictability between Odico AS time series from 4th of May 2022 to 29th of April 2023 and 29th of April 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 Odico AS price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Odico AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Odico AS lagged returns against current returns
Autocorrelation, which is Odico AS 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 Odico AS's stock expected returns. We can calculate the autocorrelation of Odico AS returns to help us make a trade decision. For example, suppose you find that Odico AS has exhibited high autocorrelation historically, and you observe that the 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 |
Odico AS 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 Odico AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odico AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odico AS stock over time.
Current vs Lagged Prices |
| Timeline |
Odico AS Lagged Returns
When evaluating Odico AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odico AS stock have on its future price. Odico AS 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, Odico AS autocorrelation shows the relationship between Odico AS stock current value and its past values and can show if there is a momentum factor associated with investing in Odico AS.
Regressed Prices |
| Timeline |
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Complementary Tools for Odico Stock analysis
When running Odico AS's price analysis, check to measure Odico AS'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 Odico AS is operating at the current time. Most of Odico AS's value examination focuses on studying past and present price action to predict the probability of Odico AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odico AS's price. Additionally, you may evaluate how the addition of Odico AS to your portfolios can decrease your overall portfolio volatility.
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Odico AS technical stock 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, stock market cycles, or different charting patterns.