OliX PharmaceuticalsI (Korea) Market Value
| 226950 Stock | 21,000 100.00 0.48% |
| Symbol | OliX |
OliX PharmaceuticalsI '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 OliX PharmaceuticalsI'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 OliX PharmaceuticalsI.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in OliX PharmaceuticalsI on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding OliX PharmaceuticalsInc or generate 0.0% return on investment in OliX PharmaceuticalsI over 540 days. OliX PharmaceuticalsI is related to or competes with SK Bioscience, Sk Biopharmaceutica, ABL Bio, MedPacto, Prestige Biologics, and . More
OliX PharmaceuticalsI 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 OliX PharmaceuticalsI'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 OliX PharmaceuticalsInc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.49 | |||
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 41.85 | |||
| Value At Risk | (8.91) | |||
| Potential Upside | 12.77 |
OliX PharmaceuticalsI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OliX PharmaceuticalsI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OliX PharmaceuticalsI's standard deviation. In reality, there are many statistical measures that can use OliX PharmaceuticalsI historical prices to predict the future OliX PharmaceuticalsI's volatility.| Risk Adjusted Performance | 0.1276 | |||
| Jensen Alpha | 1.13 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1798 | |||
| Treynor Ratio | (9.25) |
OliX PharmaceuticalsInc Backtested Returns
OliX PharmaceuticalsI appears to be very steady, given 3 months investment horizon. OliX PharmaceuticalsInc maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. By analyzing OliX PharmaceuticalsI's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please evaluate OliX PharmaceuticalsI's Coefficient Of Variation of 644.17, risk adjusted performance of 0.1276, and Semi Deviation of 5.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OliX PharmaceuticalsI holds a performance score of 8. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OliX PharmaceuticalsI are expected to decrease at a much lower rate. During the bear market, OliX PharmaceuticalsI is likely to outperform the market. Please check OliX PharmaceuticalsI's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether OliX PharmaceuticalsI's historical price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
OliX PharmaceuticalsInc has insignificant reverse predictability. Overlapping area represents the amount of predictability between OliX PharmaceuticalsI time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 OliX PharmaceuticalsInc price movement. The serial correlation of -0.13 indicates that less than 13.0% of current OliX PharmaceuticalsI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 21.3 M |
OliX PharmaceuticalsInc lagged returns against current returns
Autocorrelation, which is OliX PharmaceuticalsI 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 OliX PharmaceuticalsI's stock expected returns. We can calculate the autocorrelation of OliX PharmaceuticalsI returns to help us make a trade decision. For example, suppose you find that OliX PharmaceuticalsI 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 |
OliX PharmaceuticalsI 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 OliX PharmaceuticalsI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OliX PharmaceuticalsI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OliX PharmaceuticalsI stock over time.
Current vs Lagged Prices |
| Timeline |
OliX PharmaceuticalsI Lagged Returns
When evaluating OliX PharmaceuticalsI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OliX PharmaceuticalsI stock have on its future price. OliX PharmaceuticalsI 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, OliX PharmaceuticalsI autocorrelation shows the relationship between OliX PharmaceuticalsI stock current value and its past values and can show if there is a momentum factor associated with investing in OliX PharmaceuticalsInc.
Regressed Prices |
| Timeline |
Pair Trading with OliX PharmaceuticalsI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OliX PharmaceuticalsI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OliX PharmaceuticalsI will appreciate offsetting losses from the drop in the long position's value.Moving together with OliX Stock
Moving against OliX Stock
The ability to find closely correlated positions to OliX PharmaceuticalsI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OliX PharmaceuticalsI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OliX PharmaceuticalsI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OliX PharmaceuticalsInc to buy it.
The correlation of OliX PharmaceuticalsI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OliX PharmaceuticalsI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OliX PharmaceuticalsInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OliX PharmaceuticalsI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in OliX Stock
OliX PharmaceuticalsI financial ratios help investors to determine whether OliX 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 OliX with respect to the benefits of owning OliX PharmaceuticalsI security.