Ontex Group (Belgium) Market Value
| ONTEX Stock | EUR 8.41 0.07 0.83% |
| Symbol | Ontex |
Ontex Group '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 Ontex Group'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 Ontex Group.
| 05/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in Ontex Group on May 21, 2024 and sell it all today you would earn a total of 0.00 from holding Ontex Group NV or generate 0.0% return on investment in Ontex Group over 30 days. Ontex Group is related to or competes with Bpost NV, Barco NV, Biocartis Group, and Ageas SANV. Ontex Group NV manufactures and sells personal hygiene solutions for baby, feminine, and adult care in Western Europe, E... More
Ontex Group 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 Ontex Group'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 Ontex Group NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.1344 | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 2.78 |
Ontex Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontex Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ontex Group's standard deviation. In reality, there are many statistical measures that can use Ontex Group historical prices to predict the future Ontex Group's volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.2039 | |||
| Total Risk Alpha | 0.1983 | |||
| Sortino Ratio | 0.1803 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ontex Group'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.
Ontex Group NV Backtested Returns
Ontex Group appears to be not too volatile, given 3 months investment horizon. Ontex Group NV 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. We have found twenty-eight technical indicators for Ontex Group NV, which you can use to evaluate the volatility of the company. Please evaluate Ontex Group's Coefficient Of Variation of 702.01, risk adjusted performance of 0.0946, and Semi Deviation of 0.9444 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ontex Group holds a performance score of 13. The company holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ontex Group are expected to decrease at a much lower rate. During the bear market, Ontex Group is likely to outperform the market. Please check Ontex Group's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Ontex Group's historical price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Ontex Group NV has good predictability. Overlapping area represents the amount of predictability between Ontex Group time series from 21st of May 2024 to 5th of June 2024 and 5th of June 2024 to 20th of June 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 Ontex Group NV price movement. The serial correlation of 0.77 indicates that around 77.0% of current Ontex Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ontex Group NV lagged returns against current returns
Autocorrelation, which is Ontex Group 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 Ontex Group's stock expected returns. We can calculate the autocorrelation of Ontex Group returns to help us make a trade decision. For example, suppose you find that Ontex Group 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 |
Ontex Group 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 Ontex Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ontex Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ontex Group stock over time.
Current vs Lagged Prices |
| Timeline |
Ontex Group Lagged Returns
When evaluating Ontex Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ontex Group stock have on its future price. Ontex Group 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, Ontex Group autocorrelation shows the relationship between Ontex Group stock current value and its past values and can show if there is a momentum factor associated with investing in Ontex Group NV.
Regressed Prices |
| Timeline |
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Ontex Group financial ratios help investors to determine whether Ontex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ontex with respect to the benefits of owning Ontex Group security.