Ondine Biomedical (UK) Market Value
| OBI Stock | 8.25 0.12 1.48% |
| Symbol | Ondine |
Ondine Biomedical '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 Ondine Biomedical'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 Ondine Biomedical.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Ondine Biomedical on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ondine Biomedical or generate 0.0% return on investment in Ondine Biomedical over 720 days. Ondine Biomedical is related to or competes with GreenX Metals, GoldMining, National Beverage, Southern Copper, Bisichi Mining, McEwen Mining, and Medical Properties. Ondine Biomedical is entity of United Kingdom More
Ondine Biomedical 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 Ondine Biomedical'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 Ondine Biomedical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.42 | |||
| Information Ratio | 0.0459 | |||
| Maximum Drawdown | 49.32 | |||
| Value At Risk | (7.24) | |||
| Potential Upside | 5.88 |
Ondine Biomedical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ondine Biomedical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ondine Biomedical's standard deviation. In reality, there are many statistical measures that can use Ondine Biomedical historical prices to predict the future Ondine Biomedical's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.4307 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0525 | |||
| Treynor Ratio | (1.94) |
Ondine Biomedical Backtested Returns
Ondine Biomedical appears to be relatively risky, given 3 months investment horizon. Ondine Biomedical maintains Sharpe Ratio (i.e., Efficiency) of 0.0588, which implies the firm had a 0.0588% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ondine Biomedical, which you can use to evaluate the volatility of the company. Please evaluate Ondine Biomedical's Semi Deviation of 3.06, coefficient of variation of 1493.81, and Risk Adjusted Performance of 0.0601 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ondine Biomedical holds a performance score of 4. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ondine Biomedical are expected to decrease at a much lower rate. During the bear market, Ondine Biomedical is likely to outperform the market. Please check Ondine Biomedical's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Ondine Biomedical's historical price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Ondine Biomedical has modest predictability. Overlapping area represents the amount of predictability between Ondine Biomedical time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Ondine Biomedical price movement. The serial correlation of 0.52 indicates that about 52.0% of current Ondine Biomedical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Ondine Biomedical lagged returns against current returns
Autocorrelation, which is Ondine Biomedical 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 Ondine Biomedical's stock expected returns. We can calculate the autocorrelation of Ondine Biomedical returns to help us make a trade decision. For example, suppose you find that Ondine Biomedical 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 |
Ondine Biomedical 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 Ondine Biomedical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ondine Biomedical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ondine Biomedical stock over time.
Current vs Lagged Prices |
| Timeline |
Ondine Biomedical Lagged Returns
When evaluating Ondine Biomedical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ondine Biomedical stock have on its future price. Ondine Biomedical 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, Ondine Biomedical autocorrelation shows the relationship between Ondine Biomedical stock current value and its past values and can show if there is a momentum factor associated with investing in Ondine Biomedical.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Ondine Stock
Ondine Biomedical financial ratios help investors to determine whether Ondine 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 Ondine with respect to the benefits of owning Ondine Biomedical security.