ON THE (Germany) Market Value
| 9BP Stock | EUR 1.97 0.02 1.03% |
| Symbol | 9BP |
ON THE '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 ON THE'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 ON THE.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ON THE on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ON THE BEACH or generate 0.0% return on investment in ON THE over 30 days. ON THE is related to or competes with CyberArk Software, MAGIC SOFTWARE, FORMPIPE SOFTWARE, Sabra Health, FEMALE HEALTH, and AXWAY SOFTWARE. On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name More
ON THE 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 ON THE'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 ON THE BEACH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0257 | |||
| Maximum Drawdown | 14.16 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 4.19 |
ON THE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ON THE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ON THE's standard deviation. In reality, there are many statistical measures that can use ON THE historical prices to predict the future ON THE's volatility.| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | 0.2398 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0251 | |||
| Treynor Ratio | (0.44) |
ON THE BEACH Backtested Returns
ON THE appears to be risky, given 3 months investment horizon. ON THE BEACH retains Efficiency (Sharpe Ratio) of 0.0869, which implies the firm had a 0.0869% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for ON THE, which you can use to evaluate the volatility of the company. Please evaluate ON THE's standard deviation of 2.25, and Market Risk Adjusted Performance of (0.43) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ON THE holds a performance score of 6. The company owns a Beta (Systematic Risk) of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ON THE are expected to decrease at a much lower rate. During the bear market, ON THE is likely to outperform the market. Please check ON THE's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether ON THE's current price history will revert.
Auto-correlation | 0.86 |
Very good predictability
ON THE BEACH has very good predictability. Overlapping area represents the amount of predictability between ON THE time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 ON THE BEACH price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current ON THE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ON THE BEACH lagged returns against current returns
Autocorrelation, which is ON THE 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 ON THE's stock expected returns. We can calculate the autocorrelation of ON THE returns to help us make a trade decision. For example, suppose you find that ON THE 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 |
ON THE 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 ON THE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ON THE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ON THE stock over time.
Current vs Lagged Prices |
| Timeline |
ON THE Lagged Returns
When evaluating ON THE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ON THE stock have on its future price. ON THE 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, ON THE autocorrelation shows the relationship between ON THE stock current value and its past values and can show if there is a momentum factor associated with investing in ON THE BEACH.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 9BP Stock
ON THE financial ratios help investors to determine whether 9BP 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 9BP with respect to the benefits of owning ON THE security.