Orascom Development (Egypt) Market Value
| ODHN Stock | 5.09 0.00 0.00% |
| Symbol | Orascom |
Orascom Development '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 Orascom Development'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 Orascom Development.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Orascom Development on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Orascom Development Holding or generate 0.0% return on investment in Orascom Development over 30 days.
Orascom Development 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 Orascom Development'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 Orascom Development Holding upside and downside potential and time the market with a certain degree of confidence.
Orascom Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orascom Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orascom Development's standard deviation. In reality, there are many statistical measures that can use Orascom Development historical prices to predict the future Orascom Development's volatility.Orascom Development Backtested Returns
We have found three technical indicators for Orascom Development, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Orascom Development are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Orascom Development Holding has no correlation between past and present. Overlapping area represents the amount of predictability between Orascom Development 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 Orascom Development price movement. The serial correlation of 0.0 indicates that just 0.0% of current Orascom Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orascom Development lagged returns against current returns
Autocorrelation, which is Orascom Development 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 Orascom Development's stock expected returns. We can calculate the autocorrelation of Orascom Development returns to help us make a trade decision. For example, suppose you find that Orascom Development 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 |
Orascom Development 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 Orascom Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orascom Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orascom Development stock over time.
Current vs Lagged Prices |
| Timeline |
Orascom Development Lagged Returns
When evaluating Orascom Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orascom Development stock have on its future price. Orascom Development 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, Orascom Development autocorrelation shows the relationship between Orascom Development stock current value and its past values and can show if there is a momentum factor associated with investing in Orascom Development Holding.
Regressed Prices |
| Timeline |