Odfjell SE (Norway) Market Value
| ODF Stock | NOK 115.60 1.40 1.23% |
| Symbol | Odfjell |
Odfjell SE '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 Odfjell SE'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 Odfjell SE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Odfjell SE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Odfjell SE or generate 0.0% return on investment in Odfjell SE over 30 days. Odfjell SE is related to or competes with Stolt Nielsen, Odfjell B, Wilh Wilhelmsen, Frontline, and American Shipping. Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special pro... More
Odfjell SE 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 Odfjell SE'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 Odfjell SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.08 |
Odfjell SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odfjell SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odfjell SE's standard deviation. In reality, there are many statistical measures that can use Odfjell SE historical prices to predict the future Odfjell SE's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.18 |
Odfjell SE Backtested Returns
Odfjell SE maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Odfjell SE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odfjell SE's Variance of 5.23, risk adjusted performance of (0.11), and Coefficient Of Variation of (673.46) to confirm the risk estimate we provide. The company holds a Beta of -0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Odfjell SE are expected to decrease at a much lower rate. During the bear market, Odfjell SE is likely to outperform the market. At this point, Odfjell SE has a negative expected return of -0.31%. Please make sure to check Odfjell SE's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Odfjell SE performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Odfjell SE has modest reverse predictability. Overlapping area represents the amount of predictability between Odfjell SE 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 Odfjell SE price movement. The serial correlation of -0.5 indicates that about 50.0% of current Odfjell SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.08 |
Odfjell SE lagged returns against current returns
Autocorrelation, which is Odfjell SE 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 Odfjell SE's stock expected returns. We can calculate the autocorrelation of Odfjell SE returns to help us make a trade decision. For example, suppose you find that Odfjell SE 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 |
Odfjell SE 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 Odfjell SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odfjell SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odfjell SE stock over time.
Current vs Lagged Prices |
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Odfjell SE Lagged Returns
When evaluating Odfjell SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odfjell SE stock have on its future price. Odfjell SE 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, Odfjell SE autocorrelation shows the relationship between Odfjell SE stock current value and its past values and can show if there is a momentum factor associated with investing in Odfjell SE.
Regressed Prices |
| Timeline |
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Odfjell SE financial ratios help investors to determine whether Odfjell Stock 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 Odfjell with respect to the benefits of owning Odfjell SE security.