OBiO Technology (China) Market Value
| 688238 Stock | 5.52 0.04 0.73% |
| Symbol | OBiO |
OBiO Technology '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 OBiO Technology'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 OBiO Technology.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in OBiO Technology on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding OBiO Technology Corp or generate 0.0% return on investment in OBiO Technology over 180 days. OBiO Technology is related to or competes with Shandong Polymer, Focus Media, Yingde Greatchem, Harbin Air, Invengo Information, Air China, and Hangzhou Gisway. OBiO Technology is entity of China. It is traded as Stock on SHG exchange. More
OBiO Technology 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 OBiO Technology'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 OBiO Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0759 | |||
| Maximum Drawdown | 26.63 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 5.73 |
OBiO Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OBiO Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OBiO Technology's standard deviation. In reality, there are many statistical measures that can use OBiO Technology historical prices to predict the future OBiO Technology's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.5007 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.087 | |||
| Treynor Ratio | (1.51) |
OBiO Technology Corp Backtested Returns
OBiO Technology appears to be unstable, given 3 months investment horizon. OBiO Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the company had a 0.13% return per unit of risk over the last 3 months. By reviewing OBiO Technology's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate OBiO Technology's Market Risk Adjusted Performance of (1.50), coefficient of variation of 932.62, and Standard Deviation of 4.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OBiO Technology holds a performance score of 10. The firm holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OBiO Technology are expected to decrease at a much lower rate. During the bear market, OBiO Technology is likely to outperform the market. Please check OBiO Technology's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether OBiO Technology's historical price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
OBiO Technology Corp has good reverse predictability. Overlapping area represents the amount of predictability between OBiO Technology time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 OBiO Technology Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current OBiO Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
OBiO Technology Corp lagged returns against current returns
Autocorrelation, which is OBiO Technology 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 OBiO Technology's stock expected returns. We can calculate the autocorrelation of OBiO Technology returns to help us make a trade decision. For example, suppose you find that OBiO Technology 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 |
OBiO Technology 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 OBiO Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OBiO Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OBiO Technology stock over time.
Current vs Lagged Prices |
| Timeline |
OBiO Technology Lagged Returns
When evaluating OBiO Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OBiO Technology stock have on its future price. OBiO Technology 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, OBiO Technology autocorrelation shows the relationship between OBiO Technology stock current value and its past values and can show if there is a momentum factor associated with investing in OBiO Technology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OBiO Stock
OBiO Technology financial ratios help investors to determine whether OBiO 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 OBiO with respect to the benefits of owning OBiO Technology security.