Oppein Home (China) Market Value
| 603833 Stock | 66.30 0.61 0.93% |
| Symbol | Oppein |
Oppein Home '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 Oppein Home'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 Oppein Home.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Oppein Home on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Oppein Home Group or generate 0.0% return on investment in Oppein Home over 690 days. Oppein Home is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Oppein Home is entity of China. It is traded as Stock on SHG exchange. More
Oppein Home 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 Oppein Home'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 Oppein Home Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 8.19 |
Oppein Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppein Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppein Home's standard deviation. In reality, there are many statistical measures that can use Oppein Home historical prices to predict the future Oppein Home's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.4341 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1039 | |||
| Treynor Ratio | 2.2 |
Oppein Home Group Backtested Returns
Oppein Home appears to be very steady, given 3 months investment horizon. Oppein Home Group 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 Oppein Home's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please evaluate Oppein Home's Risk Adjusted Performance of 0.1, semi deviation of 2.87, and Coefficient Of Variation of 834.27 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oppein Home holds a performance score of 14. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppein Home's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppein Home is expected to be smaller as well. Please check Oppein Home's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Oppein Home's historical price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Oppein Home Group has weak predictability. Overlapping area represents the amount of predictability between Oppein Home time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 to 24th 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 Oppein Home Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Oppein Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 92.65 |
Oppein Home Group lagged returns against current returns
Autocorrelation, which is Oppein Home 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 Oppein Home's stock expected returns. We can calculate the autocorrelation of Oppein Home returns to help us make a trade decision. For example, suppose you find that Oppein Home 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 |
Oppein Home 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 Oppein Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppein Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppein Home stock over time.
Current vs Lagged Prices |
| Timeline |
Oppein Home Lagged Returns
When evaluating Oppein Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppein Home stock have on its future price. Oppein Home 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, Oppein Home autocorrelation shows the relationship between Oppein Home stock current value and its past values and can show if there is a momentum factor associated with investing in Oppein Home Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Oppein Stock
Oppein Home financial ratios help investors to determine whether Oppein 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 Oppein with respect to the benefits of owning Oppein Home security.