OPEN HOUSE (Germany) Market Value
| O4H Stock | EUR 35.40 0.20 0.57% |
| Symbol | OPEN |
OPEN HOUSE '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 OPEN HOUSE'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 OPEN HOUSE.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in OPEN HOUSE on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding OPEN HOUSE GROUP or generate 0.0% return on investment in OPEN HOUSE over 60 days. OPEN HOUSE is related to or competes with AEON MALL, Hufvudstaden, FRASERS PROPERTY, Immofinanz, GuocoLand, and Citycon Oyj. Open House Co., Ltd. operates in the real estate and other businesses More
OPEN HOUSE 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 OPEN HOUSE'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 OPEN HOUSE GROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.31 |
OPEN HOUSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPEN HOUSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPEN HOUSE's standard deviation. In reality, there are many statistical measures that can use OPEN HOUSE historical prices to predict the future OPEN HOUSE's volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0554 |
OPEN HOUSE GROUP Backtested Returns
At this point, OPEN HOUSE is very steady. OPEN HOUSE GROUP maintains Sharpe Ratio (i.e., Efficiency) of 0.0031, which implies the firm had a 0.0031% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for OPEN HOUSE GROUP, which you can use to evaluate the volatility of the company. Please check OPEN HOUSE's Risk Adjusted Performance of 0.0078, semi deviation of 1.72, and Mean Deviation of 1.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.0053%. The company holds a Beta of -0.0858, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OPEN HOUSE are expected to decrease at a much lower rate. During the bear market, OPEN HOUSE is likely to outperform the market. OPEN HOUSE GROUP currently holds a risk of 1.68%. Please check OPEN HOUSE GROUP information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if OPEN HOUSE GROUP will be following its historical price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
OPEN HOUSE GROUP has insignificant reverse predictability. Overlapping area represents the amount of predictability between OPEN HOUSE time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 OPEN HOUSE GROUP price movement. The serial correlation of -0.16 indicates that over 16.0% of current OPEN HOUSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
OPEN HOUSE GROUP lagged returns against current returns
Autocorrelation, which is OPEN HOUSE 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 OPEN HOUSE's stock expected returns. We can calculate the autocorrelation of OPEN HOUSE returns to help us make a trade decision. For example, suppose you find that OPEN HOUSE 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 |
OPEN HOUSE 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 OPEN HOUSE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPEN HOUSE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPEN HOUSE stock over time.
Current vs Lagged Prices |
| Timeline |
OPEN HOUSE Lagged Returns
When evaluating OPEN HOUSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPEN HOUSE stock have on its future price. OPEN HOUSE 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, OPEN HOUSE autocorrelation shows the relationship between OPEN HOUSE stock current value and its past values and can show if there is a momentum factor associated with investing in OPEN HOUSE GROUP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OPEN Stock
OPEN HOUSE financial ratios help investors to determine whether OPEN 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 OPEN with respect to the benefits of owning OPEN HOUSE security.