Originclear Stock Market Value
| OCLN Stock | USD 0.01 0.0007 16.28% |
| Symbol | OriginClear |
OriginClear '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 OriginClear's pink sheet 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 OriginClear.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in OriginClear on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding OriginClear or generate 0.0% return on investment in OriginClear over 30 days. OriginClear is related to or competes with Agilyx AS, Avalon Holdings, Ambipar Emergency, BluMetric Environmental, BQE Water, Clean Harbors, and Waste Connections. OriginClear, Inc. provides water treatment solutions worldwide More
OriginClear 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 OriginClear's pink sheet 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 OriginClear upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 59.32 | |||
| Value At Risk | (15.62) | |||
| Potential Upside | 16.67 |
OriginClear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OriginClear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OriginClear's standard deviation. In reality, there are many statistical measures that can use OriginClear historical prices to predict the future OriginClear's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | (0.78) |
OriginClear Backtested Returns
OriginClear maintains Sharpe Ratio (i.e., Efficiency) of -0.0143, which implies the firm had a -0.0143% return per unit of risk over the last 3 months. OriginClear exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OriginClear's Risk Adjusted Performance of (0.01), variance of 98.8, and Coefficient Of Variation of (5,000) to confirm the risk estimate we provide. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, OriginClear's returns are expected to increase less than the market. However, during the bear market, the loss of holding OriginClear is expected to be smaller as well. At this point, OriginClear has a negative expected return of -0.14%. Please make sure to check OriginClear's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if OriginClear performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
OriginClear has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OriginClear time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 OriginClear price movement. The serial correlation of -0.74 indicates that around 74.0% of current OriginClear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OriginClear lagged returns against current returns
Autocorrelation, which is OriginClear pink sheet'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 OriginClear's pink sheet expected returns. We can calculate the autocorrelation of OriginClear returns to help us make a trade decision. For example, suppose you find that OriginClear has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
OriginClear 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 OriginClear pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OriginClear pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OriginClear pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OriginClear Lagged Returns
When evaluating OriginClear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OriginClear pink sheet have on its future price. OriginClear 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, OriginClear autocorrelation shows the relationship between OriginClear pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OriginClear.
Regressed Prices |
| Timeline |
Pair Trading with OriginClear
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OriginClear position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OriginClear will appreciate offsetting losses from the drop in the long position's value.Moving together with OriginClear Pink Sheet
Moving against OriginClear Pink Sheet
| 0.77 | SRCL | Stericycle | PairCorr |
| 0.7 | WM | Waste Management | PairCorr |
| 0.64 | GFL | Gfl Environmental | PairCorr |
| 0.6 | RSG | Republic Services | PairCorr |
| 0.52 | CWST | Casella Waste Systems | PairCorr |
The ability to find closely correlated positions to OriginClear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OriginClear when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OriginClear - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OriginClear to buy it.
The correlation of OriginClear is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OriginClear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OriginClear moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OriginClear can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in OriginClear Pink Sheet
OriginClear financial ratios help investors to determine whether OriginClear Pink Sheet 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 OriginClear with respect to the benefits of owning OriginClear security.