Opko Health (Israel) Market Value
| OPK Stock | 478.70 7.60 1.61% |
| Symbol | Opko |
Opko Health '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 Opko Health'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 Opko Health.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Opko Health on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Opko Health or generate 0.0% return on investment in Opko Health over 30 days. Opko Health is related to or competes with Teva Pharmaceutical, Tower Semiconductor, Nice, Kamada, and Elbit Systems. OPKO Health, Inc., a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, I... More
Opko Health 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 Opko Health'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 Opko Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.56 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 7.73 |
Opko Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opko Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opko Health's standard deviation. In reality, there are many statistical measures that can use Opko Health historical prices to predict the future Opko Health's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.1627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opko Health'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.
Opko Health Backtested Returns
Opko Health appears to be very steady, given 3 months investment horizon. Opko Health maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Opko Health's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate Opko Health's Risk Adjusted Performance of (0.02), coefficient of variation of (2,344), and Variance of 29.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Opko Health holds a performance score of 13. The company holds a Beta of -1.5, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Opko Health are expected to decrease by larger amounts. On the other hand, during market turmoil, Opko Health is expected to outperform it. Please check Opko Health's accumulation distribution, and the relationship between the value at risk and day typical price , to make a quick decision on whether Opko Health's historical price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Opko Health has very good reverse predictability. Overlapping area represents the amount of predictability between Opko Health 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 Opko Health price movement. The serial correlation of -0.68 indicates that around 68.0% of current Opko Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 269.82 |
Opko Health lagged returns against current returns
Autocorrelation, which is Opko Health 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 Opko Health's stock expected returns. We can calculate the autocorrelation of Opko Health returns to help us make a trade decision. For example, suppose you find that Opko Health 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 |
Opko Health 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 Opko Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opko Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opko Health stock over time.
Current vs Lagged Prices |
| Timeline |
Opko Health Lagged Returns
When evaluating Opko Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opko Health stock have on its future price. Opko Health 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, Opko Health autocorrelation shows the relationship between Opko Health stock current value and its past values and can show if there is a momentum factor associated with investing in Opko Health.
Regressed Prices |
| Timeline |
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Complementary Tools for Opko Stock analysis
When running Opko Health's price analysis, check to measure Opko Health'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 Opko Health is operating at the current time. Most of Opko Health's value examination focuses on studying past and present price action to predict the probability of Opko Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opko Health's price. Additionally, you may evaluate how the addition of Opko Health to your portfolios can decrease your overall portfolio volatility.
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Opko Health 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.