Ofs Credit Company, Stock Market Value
| OCCIM Stock | 25.06 0.13 0.52% |
| Symbol | OFS |
OFS Credit '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 OFS Credit's otc 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 OFS Credit.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OFS Credit on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OFS Credit Company, or generate 0.0% return on investment in OFS Credit over 30 days.
OFS Credit 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 OFS Credit's otc 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 OFS Credit Company, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1821 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 0.9332 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.6115 |
OFS Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFS Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFS Credit's standard deviation. In reality, there are many statistical measures that can use OFS Credit historical prices to predict the future OFS Credit's volatility.| Risk Adjusted Performance | 0.1901 | |||
| Jensen Alpha | 0.0537 | |||
| Total Risk Alpha | 0.0203 | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 1.22 |
OFS Credit , Backtested Returns
OFS Credit , maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for OFS Credit ,, which you can use to evaluate the volatility of the company. Please check OFS Credit's Downside Deviation of 0.1821, risk adjusted performance of 0.1901, and Market Risk Adjusted Performance of 1.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.0695%. OFS Credit has a performance score of 21 on a scale of 0 to 100. The company holds a Beta of 0.0488, which implies not very significant fluctuations relative to the market. As returns on the market increase, OFS Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding OFS Credit is expected to be smaller as well. OFS Credit , currently holds a risk of 0.25%. Please check OFS Credit , skewness, and the relationship between the potential upside and rate of daily change , to decide if OFS Credit , will be following its historical price patterns.
Auto-correlation | 0.80 |
Very good predictability
OFS Credit Company, has very good predictability. Overlapping area represents the amount of predictability between OFS Credit time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 OFS Credit , price movement. The serial correlation of 0.8 indicates that around 80.0% of current OFS Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
OFS Credit , lagged returns against current returns
Autocorrelation, which is OFS Credit otc 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 OFS Credit's otc stock expected returns. We can calculate the autocorrelation of OFS Credit returns to help us make a trade decision. For example, suppose you find that OFS Credit has exhibited high autocorrelation historically, and you observe that the otc 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 |
OFS Credit 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 OFS Credit otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFS Credit otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFS Credit otc stock over time.
Current vs Lagged Prices |
| Timeline |
OFS Credit Lagged Returns
When evaluating OFS Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFS Credit otc stock have on its future price. OFS Credit 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, OFS Credit autocorrelation shows the relationship between OFS Credit otc stock current value and its past values and can show if there is a momentum factor associated with investing in OFS Credit Company,.
Regressed Prices |
| Timeline |
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