Opthea Stock Market Value
| CKDXF Stock | USD 0.44 0.00 0.00% |
| Symbol | Opthea |
Opthea '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 Opthea's pink sheet 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 Opthea.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Opthea on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Opthea or generate 0.0% return on investment in Opthea over 720 days. Opthea is related to or competes with Playtika Holding, Playtech Plc, Modine Manufacturing, Marine Products, and Rivian Automotive. More
Opthea 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 Opthea's pink sheet 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 Opthea upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 119.36 |
Opthea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opthea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opthea's standard deviation. In reality, there are many statistical measures that can use Opthea historical prices to predict the future Opthea's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 1.45 | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opthea's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Opthea Backtested Returns
Opthea is out of control given 3 months investment horizon. Opthea maintains Sharpe Ratio (i.e., Efficiency) of 0.0926, which implies the firm had a 0.0926% return per unit of risk over the last 3 months. We have analyzed and interpolated seventeen different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Opthea Coefficient Of Variation of 1080.06, variance of 154.88, and Risk Adjusted Performance of 0.0802 to evaluate company specific risk that cannot be diversified away. Opthea holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of -2.44, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Opthea are expected to decrease by larger amounts. On the other hand, during market turmoil, Opthea is expected to outperform it. Use Opthea jensen alpha and rate of daily change , to analyze future returns on Opthea.
Auto-correlation | -0.39 |
Poor reverse predictability
Opthea has poor reverse predictability. Overlapping area represents the amount of predictability between Opthea time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Opthea price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Opthea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Opthea lagged returns against current returns
Autocorrelation, which is Opthea pink sheet'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 Opthea's pink sheet expected returns. We can calculate the autocorrelation of Opthea returns to help us make a trade decision. For example, suppose you find that Opthea has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Opthea 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 Opthea pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opthea pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opthea pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Opthea Lagged Returns
When evaluating Opthea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opthea pink sheet have on its future price. Opthea 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, Opthea autocorrelation shows the relationship between Opthea pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Opthea.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Opthea Pink Sheet
When determining whether Opthea is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opthea Pink Sheet is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opthea Stock. Highlighted below are key reports to facilitate an investment decision about Opthea Stock:Check out Opthea Correlation, Opthea Volatility and Opthea Alpha and Beta module to complement your research on Opthea. For more detail on how to invest in Opthea Pink Sheet please use our How to Invest in Opthea guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Opthea technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.