Odyssey Semiconductor Technologies Stock Market Value
| ODII Stock | USD 0.03 0.0006 2.40% |
| Symbol | Odyssey |
Odyssey Semiconductor '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 Odyssey Semiconductor's otc 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 Odyssey Semiconductor.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Odyssey Semiconductor on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssey Semiconductor Technologies or generate 0.0% return on investment in Odyssey Semiconductor over 30 days. Odyssey Semiconductor is related to or competes with Ams AG, Guerrilla, Archer Materials, Alphawave, Aeluma, Rohm Co, and Ams AG. Odyssey Semiconductor Technologies, Inc., a semiconductor device company, develops and sells high-voltage power switchin... More
Odyssey Semiconductor 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 Odyssey Semiconductor's otc 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 Odyssey Semiconductor Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 80.63 | |||
| Potential Upside | 4.17 |
Odyssey Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssey Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssey Semiconductor's standard deviation. In reality, there are many statistical measures that can use Odyssey Semiconductor historical prices to predict the future Odyssey Semiconductor's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (2.09) | |||
| Treynor Ratio | 0.67 |
Odyssey Semiconductor Backtested Returns
Odyssey Semiconductor maintains Sharpe Ratio (i.e., Efficiency) of -0.0377, which implies the firm had a -0.0377% return per unit of risk over the last 3 months. Odyssey Semiconductor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odyssey Semiconductor's Risk Adjusted Performance of (0.02), coefficient of variation of (2,696), and Variance of 114.58 to confirm the risk estimate we provide. The company holds a Beta of -0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Odyssey Semiconductor are expected to decrease at a much lower rate. During the bear market, Odyssey Semiconductor is likely to outperform the market. At this point, Odyssey Semiconductor has a negative expected return of -0.41%. Please make sure to check Odyssey Semiconductor's standard deviation and the relationship between the total risk alpha and price action indicator , to decide if Odyssey Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.96 |
Near perfect reversele predictability
Odyssey Semiconductor Technologies has near perfect reversele predictability. Overlapping area represents the amount of predictability between Odyssey Semiconductor time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Odyssey Semiconductor price movement. The serial correlation of -0.96 indicates that 96.0% of current Odyssey Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.96 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Odyssey Semiconductor lagged returns against current returns
Autocorrelation, which is Odyssey Semiconductor otc 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 Odyssey Semiconductor's otc stock expected returns. We can calculate the autocorrelation of Odyssey Semiconductor returns to help us make a trade decision. For example, suppose you find that Odyssey Semiconductor has exhibited high autocorrelation historically, and you observe that the otc 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 |
Odyssey Semiconductor 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 Odyssey Semiconductor otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssey Semiconductor otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssey Semiconductor otc stock over time.
Current vs Lagged Prices |
| Timeline |
Odyssey Semiconductor Lagged Returns
When evaluating Odyssey Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssey Semiconductor otc stock have on its future price. Odyssey Semiconductor 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, Odyssey Semiconductor autocorrelation shows the relationship between Odyssey Semiconductor otc stock current value and its past values and can show if there is a momentum factor associated with investing in Odyssey Semiconductor Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Odyssey OTC Stock
Odyssey Semiconductor financial ratios help investors to determine whether Odyssey OTC 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 Odyssey with respect to the benefits of owning Odyssey Semiconductor security.