O Bank (Taiwan) Market Value
| 2897 Stock | 9.93 0.02 0.20% |
| Symbol | 2897 |
O Bank '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 O Bank'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 O Bank.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in O Bank on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding O Bank Co or generate 0.0% return on investment in O Bank over 30 days. O Bank is related to or competes with Taichung Commercial, Taishin Financial, Taiwan Business, Hua Nan, and Shin Kong. More
O Bank 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 O Bank'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 O Bank Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.18 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6167 |
O Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for O Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as O Bank's standard deviation. In reality, there are many statistical measures that can use O Bank historical prices to predict the future O Bank's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.09) |
O Bank Backtested Returns
At this stage we consider 2897 Stock to be very steady. O Bank retains Efficiency (Sharpe Ratio) of close to zero, which implies the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for O Bank, which you can use to evaluate the volatility of the entity. Please check O Bank's market risk adjusted performance of (0.08), and Coefficient Of Variation of (4,842) to confirm if the risk estimate we provide is consistent with the expected return of 0.0027%. The firm owns a Beta (Systematic Risk) of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, O Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding O Bank is expected to be smaller as well. O Bank today owns a risk of 0.47%. Please check O Bank Co standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if O Bank Co will be following its current price history.
Auto-correlation | -0.37 |
Poor reverse predictability
O Bank Co has poor reverse predictability. Overlapping area represents the amount of predictability between O Bank time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of O Bank price movement. The serial correlation of -0.37 indicates that just about 37.0% of current O Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
O Bank lagged returns against current returns
Autocorrelation, which is O Bank 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 O Bank's stock expected returns. We can calculate the autocorrelation of O Bank returns to help us make a trade decision. For example, suppose you find that O Bank 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 |
O Bank 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 O Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if O Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in O Bank stock over time.
Current vs Lagged Prices |
| Timeline |
O Bank Lagged Returns
When evaluating O Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of O Bank stock have on its future price. O Bank 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, O Bank autocorrelation shows the relationship between O Bank stock current value and its past values and can show if there is a momentum factor associated with investing in O Bank Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for 2897 Stock Analysis
When running O Bank's price analysis, check to measure O Bank'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 O Bank is operating at the current time. Most of O Bank's value examination focuses on studying past and present price action to predict the probability of O Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move O Bank's price. Additionally, you may evaluate how the addition of O Bank to your portfolios can decrease your overall portfolio volatility.