OFFICE DEPOT (Germany) Market Value
| ODP Stock | EUR 19.20 0.00 0.00% |
| Symbol | OFFICE |
OFFICE DEPOT '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 OFFICE DEPOT'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 OFFICE DEPOT.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OFFICE DEPOT on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OFFICE DEPOT or generate 0.0% return on investment in OFFICE DEPOT over 30 days. OFFICE DEPOT is related to or competes with Taylor Morrison, Air New, Corsair Gaming, M/I Homes, SEALED AIR, Neinor Homes, and MYFAIR GOLD. More
OFFICE DEPOT 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 OFFICE DEPOT'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 OFFICE DEPOT upside and downside potential and time the market with a certain degree of confidence.
OFFICE DEPOT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFFICE DEPOT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFFICE DEPOT's standard deviation. In reality, there are many statistical measures that can use OFFICE DEPOT historical prices to predict the future OFFICE DEPOT's volatility.OFFICE DEPOT Backtested Returns
We have found three technical indicators for OFFICE DEPOT, 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 OFFICE DEPOT are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
OFFICE DEPOT has perfect predictability. Overlapping area represents the amount of predictability between OFFICE DEPOT 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 OFFICE DEPOT price movement. The serial correlation of 1.0 indicates that 100.0% of current OFFICE DEPOT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OFFICE DEPOT lagged returns against current returns
Autocorrelation, which is OFFICE DEPOT 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 OFFICE DEPOT's stock expected returns. We can calculate the autocorrelation of OFFICE DEPOT returns to help us make a trade decision. For example, suppose you find that OFFICE DEPOT 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 |
OFFICE DEPOT 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 OFFICE DEPOT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFFICE DEPOT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFFICE DEPOT stock over time.
Current vs Lagged Prices |
| Timeline |
OFFICE DEPOT Lagged Returns
When evaluating OFFICE DEPOT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFFICE DEPOT stock have on its future price. OFFICE DEPOT 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, OFFICE DEPOT autocorrelation shows the relationship between OFFICE DEPOT stock current value and its past values and can show if there is a momentum factor associated with investing in OFFICE DEPOT.
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.Other Information on Investing in OFFICE Stock
OFFICE DEPOT financial ratios help investors to determine whether OFFICE 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 OFFICE with respect to the benefits of owning OFFICE DEPOT security.