Oil Dri Stock Market Value
| ODC Stock | USD 70.61 0.96 1.38% |
| Symbol | Oil |
Oil Dri Price To Book Ratio
Is Household Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oil Dri. If investors know Oil will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oil Dri listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 1.18 | Earnings Share 5.43 | Revenue Per Share 63.779 | Quarterly Revenue Growth 0.059 |
The market value of Oil Dri is measured differently than its book value, which is the value of Oil that is recorded on the company's balance sheet. Investors also form their own opinion of Oil Dri's value that differs from its market value or its book value, called intrinsic value, which is Oil Dri's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oil Dri's market value can be influenced by many factors that don't directly affect Oil Dri's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oil Dri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Dri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Dri's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Oil Dri '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 Oil Dri'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 Oil Dri.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Oil Dri on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Oil Dri or generate 0.0% return on investment in Oil Dri over 270 days. Oil Dri is related to or competes with Quaker Chemical, Minerals Technologies, Innospec, H B, Cabot, Sensient Technologies, and RPM International. Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in ... More
Oil Dri 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 Oil Dri'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 Oil Dri upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0081 | |||
| Maximum Drawdown | 12.06 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.14 |
Oil Dri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oil Dri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oil Dri's standard deviation. In reality, there are many statistical measures that can use Oil Dri historical prices to predict the future Oil Dri's volatility.| Risk Adjusted Performance | 0.0662 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0084 | |||
| Treynor Ratio | 0.1108 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oil Dri's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oil Dri Backtested Returns
At this point, Oil Dri is very steady. Oil Dri maintains Sharpe Ratio (i.e., Efficiency) of 0.0468, which implies the firm had a 0.0468% return per unit of risk over the last 3 months. We have found thirty technical indicators for Oil Dri, which you can use to evaluate the volatility of the company. Please check Oil Dri's Semi Deviation of 1.61, coefficient of variation of 1271.89, and Risk Adjusted Performance of 0.0662 to confirm if the risk estimate we provide is consistent with the expected return of 0.0796%. Oil Dri has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 1.23, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oil Dri will likely underperform. Oil Dri right now holds a risk of 1.7%. Please check Oil Dri total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Oil Dri will be following its historical price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Oil Dri has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oil Dri time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Oil Dri price movement. The serial correlation of -0.18 indicates that over 18.0% of current Oil Dri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6.83 |
Oil Dri lagged returns against current returns
Autocorrelation, which is Oil Dri 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 Oil Dri's stock expected returns. We can calculate the autocorrelation of Oil Dri returns to help us make a trade decision. For example, suppose you find that Oil Dri 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 |
Oil Dri 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 Oil Dri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oil Dri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oil Dri stock over time.
Current vs Lagged Prices |
| Timeline |
Oil Dri Lagged Returns
When evaluating Oil Dri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oil Dri stock have on its future price. Oil Dri 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, Oil Dri autocorrelation shows the relationship between Oil Dri stock current value and its past values and can show if there is a momentum factor associated with investing in Oil Dri.
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.When determining whether Oil Dri offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oil Dri's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oil Dri Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oil Dri Stock:Check out Oil Dri Correlation, Oil Dri Volatility and Oil Dri Alpha and Beta module to complement your research on Oil Dri. For information on how to trade Oil Stock refer to our How to Trade Oil Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Oil Dri technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.