Obducat AB (Germany) Market Value
| OBD Stock | EUR 0.07 0.02 18.41% |
| Symbol | Obducat |
Obducat AB '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 Obducat AB'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 Obducat AB.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Obducat AB on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Obducat AB or generate 0.0% return on investment in Obducat AB over 60 days. Obducat AB is related to or competes with Dairy Farm, Nufarm, Sumitomo Mitsui, MagnaChip Semiconductor, Taiwan Semiconductor, Magnachip Semiconductor, and Australian Agricultural. Obducat AB develops and supplies lithography solutions for the use in the production and replication of micro and nanost... More
Obducat AB 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 Obducat AB'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 Obducat AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.99 | |||
| Information Ratio | 0.0407 | |||
| Maximum Drawdown | 88.85 | |||
| Value At Risk | (30.00) | |||
| Potential Upside | 40.0 |
Obducat AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Obducat AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Obducat AB's standard deviation. In reality, there are many statistical measures that can use Obducat AB historical prices to predict the future Obducat AB's volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | (1.82) | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | (0.19) |
Obducat AB Backtested Returns
Obducat AB is out of control given 3 months investment horizon. Obducat AB maintains Sharpe Ratio (i.e., Efficiency) of 0.0574, which implies the firm had a 0.0574% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Obducat AB Risk Adjusted Performance of 0.0462, semi deviation of 12.96, and Coefficient Of Variation of 2093.23 to evaluate company specific risk that cannot be diversified away. Obducat AB holds a performance score of 4 on a scale of zero to a hundred. The company holds a Beta of -4.44, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Obducat AB are expected to decrease by larger amounts. On the other hand, during market turmoil, Obducat AB is expected to outperform it. Use Obducat AB coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to analyze future returns on Obducat AB.
Auto-correlation | 0.41 |
Average predictability
Obducat AB has average predictability. Overlapping area represents the amount of predictability between Obducat AB time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Obducat AB price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Obducat AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Obducat AB lagged returns against current returns
Autocorrelation, which is Obducat AB 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 Obducat AB's stock expected returns. We can calculate the autocorrelation of Obducat AB returns to help us make a trade decision. For example, suppose you find that Obducat AB 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 |
Obducat AB 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 Obducat AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Obducat AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Obducat AB stock over time.
Current vs Lagged Prices |
| Timeline |
Obducat AB Lagged Returns
When evaluating Obducat AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Obducat AB stock have on its future price. Obducat AB 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, Obducat AB autocorrelation shows the relationship between Obducat AB stock current value and its past values and can show if there is a momentum factor associated with investing in Obducat AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Obducat Stock
Obducat AB financial ratios help investors to determine whether Obducat 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 Obducat with respect to the benefits of owning Obducat AB security.