Oakridge International (Australia) Market Value
| OAK Stock | 0.07 0.01 7.69% |
| Symbol | Oakridge |
Oakridge International '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 Oakridge International'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 Oakridge International.
| 12/05/2023 |
| 11/29/2024 |
If you would invest 0.00 in Oakridge International on December 5, 2023 and sell it all today you would earn a total of 0.00 from holding Oakridge International or generate 0.0% return on investment in Oakridge International over 360 days. Oakridge International is related to or competes with Mayfield Childcare, Computershare, Ainsworth Game, and Lendlease. Oakridge International is entity of Australia More
Oakridge International 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 Oakridge International'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 Oakridge International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.69 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.33 |
Oakridge International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakridge International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakridge International's standard deviation. In reality, there are many statistical measures that can use Oakridge International historical prices to predict the future Oakridge International's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | 0.0675 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.04) |
Oakridge International Backtested Returns
Currently, Oakridge International is out of control. Oakridge International maintains Sharpe Ratio (i.e., Efficiency) of 0.0115, which implies the firm had a 0.0115% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oakridge International, which you can use to evaluate the volatility of the company. Please check Oakridge International's Semi Deviation of 1.65, risk adjusted performance of 0.0155, and Coefficient Of Variation of 8732.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0272%. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Oakridge International are expected to decrease at a much lower rate. During the bear market, Oakridge International is likely to outperform the market. Oakridge International right now holds a risk of 2.35%. Please check Oakridge International information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Oakridge International will be following its historical price patterns.
Auto-correlation | 0.39 |
Below average predictability
Oakridge International has below average predictability. Overlapping area represents the amount of predictability between Oakridge International time series from 5th of December 2023 to 2nd of June 2024 and 2nd of June 2024 to 29th 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 Oakridge International price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Oakridge International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oakridge International lagged returns against current returns
Autocorrelation, which is Oakridge International 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 Oakridge International's stock expected returns. We can calculate the autocorrelation of Oakridge International returns to help us make a trade decision. For example, suppose you find that Oakridge International 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 |
Oakridge International 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 Oakridge International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakridge International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oakridge International stock over time.
Current vs Lagged Prices |
| Timeline |
Oakridge International Lagged Returns
When evaluating Oakridge International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakridge International stock have on its future price. Oakridge International 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, Oakridge International autocorrelation shows the relationship between Oakridge International stock current value and its past values and can show if there is a momentum factor associated with investing in Oakridge International.
Regressed Prices |
| Timeline |
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Additional Tools for Oakridge Stock Analysis
When running Oakridge International's price analysis, check to measure Oakridge International'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 Oakridge International is operating at the current time. Most of Oakridge International's value examination focuses on studying past and present price action to predict the probability of Oakridge International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oakridge International's price. Additionally, you may evaluate how the addition of Oakridge International to your portfolios can decrease your overall portfolio volatility.