Oddity Tech Ltd Stock Market Value
| ODD Stock | 43.12 2.81 6.97% |
| Symbol | ODDITY |
ODDITY Tech Price To Book Ratio
Is Personal Care 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 ODDITY Tech. If investors know ODDITY 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 ODDITY Tech 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 3.833 | Earnings Share 1.63 | Revenue Per Share 10.837 | Quarterly Revenue Growth 0.26 | Return On Assets 0.1904 |
The market value of ODDITY Tech is measured differently than its book value, which is the value of ODDITY that is recorded on the company's balance sheet. Investors also form their own opinion of ODDITY Tech's value that differs from its market value or its book value, called intrinsic value, which is ODDITY Tech'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 ODDITY Tech's market value can be influenced by many factors that don't directly affect ODDITY Tech'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 ODDITY Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODDITY Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODDITY Tech'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.
ODDITY Tech '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 ODDITY Tech'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 ODDITY Tech.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in ODDITY Tech on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding ODDITY Tech Ltd or generate 0.0% return on investment in ODDITY Tech over 360 days. ODDITY Tech is related to or competes with SentinelOne, BlackBerry, Global Blue, Aurora Mobile, Marqeta, Nextnav Acquisition, and Zscaler. ODDITY Tech is entity of United States. It is traded as Stock on NASDAQ exchange. More
ODDITY Tech 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 ODDITY Tech'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 ODDITY Tech Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.32 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.97 |
ODDITY Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODDITY Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODDITY Tech's standard deviation. In reality, there are many statistical measures that can use ODDITY Tech historical prices to predict the future ODDITY Tech's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0331 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ODDITY Tech'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.
ODDITY Tech Backtested Returns
ODDITY Tech appears to be very steady, given 3 months investment horizon. ODDITY Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.0921, which implies the firm had a 0.0921% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ODDITY Tech, which you can use to evaluate the volatility of the company. Please evaluate ODDITY Tech's Mean Deviation of 2.14, risk adjusted performance of 0.0206, and Semi Deviation of 2.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ODDITY Tech holds a performance score of 7. The company holds a Beta of 1.2, 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, ODDITY Tech will likely underperform. Please check ODDITY Tech's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether ODDITY Tech's historical price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
ODDITY Tech Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between ODDITY Tech time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 ODDITY Tech price movement. The serial correlation of -0.14 indicates that less than 14.0% of current ODDITY Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 7.02 |
ODDITY Tech lagged returns against current returns
Autocorrelation, which is ODDITY Tech 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 ODDITY Tech's stock expected returns. We can calculate the autocorrelation of ODDITY Tech returns to help us make a trade decision. For example, suppose you find that ODDITY Tech 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 |
ODDITY Tech 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 ODDITY Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODDITY Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODDITY Tech stock over time.
Current vs Lagged Prices |
| Timeline |
ODDITY Tech Lagged Returns
When evaluating ODDITY Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODDITY Tech stock have on its future price. ODDITY Tech 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, ODDITY Tech autocorrelation shows the relationship between ODDITY Tech stock current value and its past values and can show if there is a momentum factor associated with investing in ODDITY Tech Ltd.
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 ODDITY Tech is a strong investment it is important to analyze ODDITY Tech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ODDITY Tech's future performance. For an informed investment choice regarding ODDITY Stock, refer to the following important reports:Check out ODDITY Tech Correlation, ODDITY Tech Volatility and ODDITY Tech Alpha and Beta module to complement your research on ODDITY Tech. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
ODDITY Tech 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.