OPERADDSITMEXA1 -01's market value is the price at which a share of OPERADDSITMEXA1 -01 trades on a public exchange. It measures the collective expectations of OPERADDSITMEXA1 01 investors about its performance. OPERADDSITMEXA1 -01 is trading at 0.64 as of the 25th of November 2024. This is a 11.11% down since the beginning of the trading day. The stock's lowest day price was 0.64. With this module, you can estimate the performance of a buy and hold strategy of OPERADDSITMEXA1 01 and determine expected loss or profit from investing in OPERADDSITMEXA1 -01 over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
OPERADDSITMEXA1
OPERADDSITMEXA1 -01 '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 OPERADDSITMEXA1 -01'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 OPERADDSITMEXA1 -01.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in OPERADDSITMEXA1 -01 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding OPERADDSITMEXA1 01 or generate 0.0% return on investment in OPERADDSITMEXA1 -01 over 30 days.
OPERADDSITMEXA1 -01 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 OPERADDSITMEXA1 -01'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 OPERADDSITMEXA1 01 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPERADDSITMEXA1 -01's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPERADDSITMEXA1 -01's standard deviation. In reality, there are many statistical measures that can use OPERADDSITMEXA1 -01 historical prices to predict the future OPERADDSITMEXA1 -01's volatility.
OPERADDSITMEXA1 -01 maintains Sharpe Ratio (i.e., Efficiency) of -0.0548, which implies the firm had a -0.0548% return per unit of risk over the last 3 months. OPERADDSITMEXA1 -01 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OPERADDSITMEXA1 -01's Coefficient Of Variation of (1,676), mean deviation of 2.04, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.0995, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPERADDSITMEXA1 -01's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPERADDSITMEXA1 -01 is expected to be smaller as well. At this point, OPERADDSITMEXA1 -01 has a negative expected return of -0.16%. Please make sure to check OPERADDSITMEXA1 -01's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if OPERADDSITMEXA1 -01 performance from the past will be repeated at future time.
Auto-correlation
0.43
Average predictability
OPERADDSITMEXA1 01 has average predictability. Overlapping area represents the amount of predictability between OPERADDSITMEXA1 -01 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 OPERADDSITMEXA1 -01 price movement. The serial correlation of 0.43 indicates that just about 43.0% of current OPERADDSITMEXA1 -01 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.15
Residual Average
0.0
Price Variance
0.0
OPERADDSITMEXA1 -01 lagged returns against current returns
Autocorrelation, which is OPERADDSITMEXA1 -01 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 OPERADDSITMEXA1 -01's stock expected returns. We can calculate the autocorrelation of OPERADDSITMEXA1 -01 returns to help us make a trade decision. For example, suppose you find that OPERADDSITMEXA1 -01 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
OPERADDSITMEXA1 -01 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 OPERADDSITMEXA1 -01 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPERADDSITMEXA1 -01 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPERADDSITMEXA1 -01 stock over time.
Current vs Lagged Prices
Timeline
OPERADDSITMEXA1 -01 Lagged Returns
When evaluating OPERADDSITMEXA1 -01's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPERADDSITMEXA1 -01 stock have on its future price. OPERADDSITMEXA1 -01 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, OPERADDSITMEXA1 -01 autocorrelation shows the relationship between OPERADDSITMEXA1 -01 stock current value and its past values and can show if there is a momentum factor associated with investing in OPERADDSITMEXA1 01.