Obducat AB (Germany) Market Value
| OBD Stock | EUR 0.07 0.03 29.80% |
| 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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Obducat AB on December 9, 2022 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 720 days. Obducat AB is related to or competes with Mizuho Financial, JSC Halyk, National Bank, Daido Steel, and BLUESCOPE STEEL. 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.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.67 |
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 | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.73) |
Obducat AB Backtested Returns
Obducat AB maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Obducat AB exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Obducat AB's Coefficient Of Variation of (812.40), variance of 4.21, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Obducat AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Obducat AB is expected to be smaller as well. At this point, Obducat AB has a negative expected return of -0.27%. Please make sure to check Obducat AB's standard deviation, total risk alpha, rate of daily change, as well as the relationship between the information ratio and kurtosis , to decide if Obducat AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Obducat AB has poor reverse predictability. Overlapping area represents the amount of predictability between Obducat AB time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 -0.31 indicates that nearly 31.0% of current Obducat AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.43 | |
| 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 |
Thematic Opportunities
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Additional Tools for Obducat Stock Analysis
When running Obducat AB's price analysis, check to measure Obducat AB'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 Obducat AB is operating at the current time. Most of Obducat AB's value examination focuses on studying past and present price action to predict the probability of Obducat AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Obducat AB's price. Additionally, you may evaluate how the addition of Obducat AB to your portfolios can decrease your overall portfolio volatility.