Omnijoi Media (China) Market Value
| 300528 Stock | 9.64 0.27 2.88% |
| Symbol | Omnijoi |
Omnijoi Media '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 Omnijoi Media'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 Omnijoi Media.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Omnijoi Media on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Omnijoi Media Corp or generate 0.0% return on investment in Omnijoi Media over 30 days. Omnijoi Media is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, China Petroleum, Postal Savings, and China Telecom. Omnijoi Media is entity of China. It is traded as Stock on SHE exchange. More
Omnijoi Media 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 Omnijoi Media'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 Omnijoi Media Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.24 | |||
| Information Ratio | 0.0851 | |||
| Maximum Drawdown | 34.21 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 6.2 |
Omnijoi Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omnijoi Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omnijoi Media's standard deviation. In reality, there are many statistical measures that can use Omnijoi Media historical prices to predict the future Omnijoi Media's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.6356 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | (0.58) |
Omnijoi Media Corp Backtested Returns
Omnijoi Media appears to be slightly risky, given 3 months investment horizon. Omnijoi Media Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Omnijoi Media's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please evaluate Omnijoi Media's Coefficient Of Variation of 893.97, risk adjusted performance of 0.0939, and Semi Deviation of 4.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Omnijoi Media holds a performance score of 13. The company holds a Beta of -0.91, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Omnijoi Media are expected to decrease slowly. On the other hand, during market turmoil, Omnijoi Media is expected to outperform it slightly. Please check Omnijoi Media's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Omnijoi Media's historical price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Omnijoi Media Corp has good predictability. Overlapping area represents the amount of predictability between Omnijoi Media time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Omnijoi Media Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Omnijoi Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Omnijoi Media Corp lagged returns against current returns
Autocorrelation, which is Omnijoi Media 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 Omnijoi Media's stock expected returns. We can calculate the autocorrelation of Omnijoi Media returns to help us make a trade decision. For example, suppose you find that Omnijoi Media 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 |
Omnijoi Media 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 Omnijoi Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omnijoi Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omnijoi Media stock over time.
Current vs Lagged Prices |
| Timeline |
Omnijoi Media Lagged Returns
When evaluating Omnijoi Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omnijoi Media stock have on its future price. Omnijoi Media 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, Omnijoi Media autocorrelation shows the relationship between Omnijoi Media stock current value and its past values and can show if there is a momentum factor associated with investing in Omnijoi Media Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Omnijoi Stock
Omnijoi Media financial ratios help investors to determine whether Omnijoi 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 Omnijoi with respect to the benefits of owning Omnijoi Media security.