Olympus Stock Market Value
| OCPNF Stock | USD 16.00 0.00 0.00% |
| Symbol | Olympus |
Olympus '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 Olympus' 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 Olympus.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Olympus on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Olympus or generate 0.0% return on investment in Olympus over 30 days. Olympus is related to or competes with Sysmex Corp, Coloplast, Essilor International, Coloplast, Hoya Corp, Utah Medical, and AngioDynamics. Olympus Corporation manufactures and sells precision machineries and instruments worldwide More
Olympus 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 Olympus' 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 Olympus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.57 |
Olympus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olympus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olympus' standard deviation. In reality, there are many statistical measures that can use Olympus historical prices to predict the future Olympus' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.24) |
Olympus Backtested Returns
Olympus maintains Sharpe Ratio (i.e., Efficiency) of -0.0641, which implies the firm had a -0.0641% return per unit of risk over the last 3 months. Olympus exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olympus' Variance of 4.15, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,595) to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Olympus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Olympus is expected to be smaller as well. At this point, Olympus has a negative expected return of -0.13%. Please make sure to check Olympus' total risk alpha, and the relationship between the standard deviation and kurtosis , to decide if Olympus performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Olympus has no correlation between past and present. Overlapping area represents the amount of predictability between Olympus time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Olympus price movement. The serial correlation of 0.0 indicates that just 0.0% of current Olympus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Olympus lagged returns against current returns
Autocorrelation, which is Olympus 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 Olympus' pink sheet expected returns. We can calculate the autocorrelation of Olympus returns to help us make a trade decision. For example, suppose you find that Olympus 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 |
Olympus 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 Olympus pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olympus pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olympus pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Olympus Lagged Returns
When evaluating Olympus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olympus pink sheet have on its future price. Olympus 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, Olympus autocorrelation shows the relationship between Olympus pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Olympus.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Olympus Pink Sheet
Olympus financial ratios help investors to determine whether Olympus 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 Olympus with respect to the benefits of owning Olympus security.