Oando PLC (South Africa) Market Value
| OAO Stock | 30.00 0.00 0.00% |
| Symbol | Oando |
Oando PLC '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 Oando PLC'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 Oando PLC.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Oando PLC on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Oando PLC or generate 0.0% return on investment in Oando PLC over 540 days. Oando PLC is related to or competes with Brimstone Investment, RCL Foods, Reinet Investments, Ascendis Health, and Hosken Consolidated. More
Oando PLC 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 Oando PLC'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 Oando PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.37 | |||
| Information Ratio | 0.0898 | |||
| Maximum Drawdown | 80.95 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 15.0 |
Oando PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oando PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oando PLC's standard deviation. In reality, there are many statistical measures that can use Oando PLC historical prices to predict the future Oando PLC's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 1.52 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.062 | |||
| Treynor Ratio | (0.45) |
Oando PLC Backtested Returns
Oando PLC is slightly risky given 3 months investment horizon. Oando PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.0846, which implies the firm had a 0.0846% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Oando PLC Risk Adjusted Performance of 0.0866, semi deviation of 5.53, and Coefficient Of Variation of 992.38 to evaluate company specific risk that cannot be diversified away. Oando PLC holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of -2.64, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Oando PLC are expected to decrease by larger amounts. On the other hand, during market turmoil, Oando PLC is expected to outperform it. Use Oando PLC value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to analyze future returns on Oando PLC.
Auto-correlation | -0.35 |
Poor reverse predictability
Oando PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Oando PLC time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Oando PLC price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Oando PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 84.65 |
Oando PLC lagged returns against current returns
Autocorrelation, which is Oando PLC 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 Oando PLC's stock expected returns. We can calculate the autocorrelation of Oando PLC returns to help us make a trade decision. For example, suppose you find that Oando PLC 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 |
Oando PLC 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 Oando PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oando PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oando PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Oando PLC Lagged Returns
When evaluating Oando PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oando PLC stock have on its future price. Oando PLC 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, Oando PLC autocorrelation shows the relationship between Oando PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Oando PLC.
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.Other Information on Investing in Oando Stock
Oando PLC financial ratios help investors to determine whether Oando 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 Oando with respect to the benefits of owning Oando PLC security.