ObsEva SA (Switzerland) Market Value
OBSN Stock | CHF 0 0 18.52% |
Symbol | ObsEva |
ObsEva SA '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 ObsEva SA'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 ObsEva SA.
05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in ObsEva SA on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding ObsEva SA or generate 0.0% return on investment in ObsEva SA over 720 days. ObsEva SA is related to or competes with Santhera Pharmaceuticals, Idorsia, Molecular Partners, Wisekey International, and Evolva Holding. ObsEva SA, a biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for women... More
ObsEva SA 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 ObsEva SA'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 ObsEva SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.07) | |||
Maximum Drawdown | 128.75 | |||
Value At Risk | (20.00) | |||
Potential Upside | 21.82 |
ObsEva SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ObsEva SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ObsEva SA's standard deviation. In reality, there are many statistical measures that can use ObsEva SA historical prices to predict the future ObsEva SA's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (1.36) | |||
Total Risk Alpha | (3.83) | |||
Treynor Ratio | 6.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ObsEva SA'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.
ObsEva SA Backtested Returns
ObsEva SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0697, which implies the firm had a -0.0697% return per unit of risk over the last 3 months. ObsEva SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ObsEva SA's Variance of 385.67, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,434) to confirm the risk estimate we provide. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ObsEva SA are expected to decrease at a much lower rate. During the bear market, ObsEva SA is likely to outperform the market. ObsEva SA has an expected return of -1.37%. Please make sure to check ObsEva SA skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if ObsEva SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
ObsEva SA has average predictability. Overlapping area represents the amount of predictability between ObsEva SA time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 ObsEva SA price movement. The serial correlation of 0.43 indicates that just about 43.0% of current ObsEva SA price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.43 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
ObsEva SA lagged returns against current returns
Autocorrelation, which is ObsEva SA 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 ObsEva SA's stock expected returns. We can calculate the autocorrelation of ObsEva SA returns to help us make a trade decision. For example, suppose you find that ObsEva SA 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 |
ObsEva SA 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 ObsEva SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ObsEva SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ObsEva SA stock over time.
Current vs Lagged Prices |
Timeline |
ObsEva SA Lagged Returns
When evaluating ObsEva SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ObsEva SA stock have on its future price. ObsEva SA 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, ObsEva SA autocorrelation shows the relationship between ObsEva SA stock current value and its past values and can show if there is a momentum factor associated with investing in ObsEva SA.
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 ObsEva SA 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, ObsEva SA's short interest history, or implied volatility extrapolated from ObsEva SA options trading.
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Complementary Tools for ObsEva Stock analysis
When running ObsEva SA's price analysis, check to measure ObsEva SA'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 ObsEva SA is operating at the current time. Most of ObsEva SA's value examination focuses on studying past and present price action to predict the probability of ObsEva SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ObsEva SA's price. Additionally, you may evaluate how the addition of ObsEva SA to your portfolios can decrease your overall portfolio volatility.
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ObsEva SA 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.