Obiz Concept (France) Market Value
| ALBIZ Stock | 4.74 0.17 3.72% |
| Symbol | Obiz |
Obiz Concept '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 Obiz Concept'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 Obiz Concept.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Obiz Concept on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Obiz Concept SAS or generate 0.0% return on investment in Obiz Concept over 30 days.
Obiz Concept 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 Obiz Concept'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 Obiz Concept SAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 10.94 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.52 |
Obiz Concept Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Obiz Concept's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Obiz Concept's standard deviation. In reality, there are many statistical measures that can use Obiz Concept historical prices to predict the future Obiz Concept's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 6.97 |
Obiz Concept SAS Backtested Returns
Obiz Concept SAS maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Obiz Concept SAS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Obiz Concept's Risk Adjusted Performance of (0.16), variance of 3.0, and Coefficient Of Variation of (472.20) to confirm the risk estimate we provide. The company holds a Beta of -0.054, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Obiz Concept are expected to decrease at a much lower rate. During the bear market, Obiz Concept is likely to outperform the market. At this point, Obiz Concept SAS has a negative expected return of -0.33%. Please make sure to check Obiz Concept's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Obiz Concept SAS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Obiz Concept SAS has very good reverse predictability. Overlapping area represents the amount of predictability between Obiz Concept time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Obiz Concept SAS price movement. The serial correlation of -0.67 indicates that around 67.0% of current Obiz Concept price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Obiz Concept SAS lagged returns against current returns
Autocorrelation, which is Obiz Concept 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 Obiz Concept's stock expected returns. We can calculate the autocorrelation of Obiz Concept returns to help us make a trade decision. For example, suppose you find that Obiz Concept 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 |
Obiz Concept 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 Obiz Concept stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Obiz Concept stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Obiz Concept stock over time.
Current vs Lagged Prices |
| Timeline |
Obiz Concept Lagged Returns
When evaluating Obiz Concept's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Obiz Concept stock have on its future price. Obiz Concept 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, Obiz Concept autocorrelation shows the relationship between Obiz Concept stock current value and its past values and can show if there is a momentum factor associated with investing in Obiz Concept SAS.
Regressed Prices |
| Timeline |
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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.Additional Tools for Obiz Stock Analysis
When running Obiz Concept's price analysis, check to measure Obiz Concept's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Obiz Concept is operating at the current time. Most of Obiz Concept's value examination focuses on studying past and present price action to predict the probability of Obiz Concept's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Obiz Concept's price. Additionally, you may evaluate how the addition of Obiz Concept to your portfolios can decrease your overall portfolio volatility.