OPC Energy (Israel) Market Value
| OPCE Stock | 2,850 80.00 2.73% |
| Symbol | OPC |
OPC Energy '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 OPC Energy'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 OPC Energy.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in OPC Energy on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding OPC Energy or generate 0.0% return on investment in OPC Energy over 30 days. OPC Energy is related to or competes with Energix Renewable, Doral Group, Elbit Systems, Electreon Wireless, and Delek. OPC Energy Ltd. owns, develops, and operates power generation facilities in Israeli More
OPC Energy 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 OPC Energy'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 OPC Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0532 | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.08 |
OPC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPC Energy's standard deviation. In reality, there are many statistical measures that can use OPC Energy historical prices to predict the future OPC Energy's volatility.| Risk Adjusted Performance | 0.0665 | |||
| Jensen Alpha | 0.1889 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0793 | |||
| Treynor Ratio | 0.9949 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OPC Energy'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.
OPC Energy Backtested Returns
OPC Energy appears to be out of control, given 3 months investment horizon. OPC Energy retains Efficiency (Sharpe Ratio) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for OPC Energy, which you can use to evaluate the volatility of the company. Please evaluate OPC Energy's semi deviation of 1.31, and Market Risk Adjusted Performance of 1.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OPC Energy holds a performance score of 9. The company owns a Beta (Systematic Risk) of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPC Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPC Energy is expected to be smaller as well. Please check OPC Energy's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether OPC Energy's current price history will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
OPC Energy has excellent reverse predictability. Overlapping area represents the amount of predictability between OPC Energy time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 OPC Energy price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current OPC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 19 K |
OPC Energy lagged returns against current returns
Autocorrelation, which is OPC Energy 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 OPC Energy's stock expected returns. We can calculate the autocorrelation of OPC Energy returns to help us make a trade decision. For example, suppose you find that OPC Energy 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 |
OPC Energy 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 OPC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
OPC Energy Lagged Returns
When evaluating OPC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPC Energy stock have on its future price. OPC Energy 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, OPC Energy autocorrelation shows the relationship between OPC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in OPC Energy.
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 OPC Energy 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, OPC Energy's short interest history, or implied volatility extrapolated from OPC Energy options trading.
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Complementary Tools for OPC Stock analysis
When running OPC Energy's price analysis, check to measure OPC Energy'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 OPC Energy is operating at the current time. Most of OPC Energy's value examination focuses on studying past and present price action to predict the probability of OPC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OPC Energy's price. Additionally, you may evaluate how the addition of OPC Energy to your portfolios can decrease your overall portfolio volatility.
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OPC Energy 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.