ODP (Mexico) Market Value
| ODP Stock | MXN 826.00 0.00 0.00% |
| Symbol | ODP |
ODP '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 ODP'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 ODP.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ODP on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding The ODP or generate 0.0% return on investment in ODP over 30 days. ODP is related to or competes with McEwen Mining, Grupo Sports, UnitedHealth Group, Micron Technology, Monster Beverage, Southwest Airlines, and KB Home. Office Depot, Inc. provides business services and supplies, products, and technology solutions More
ODP 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 ODP'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 The ODP upside and downside potential and time the market with a certain degree of confidence.
ODP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODP's standard deviation. In reality, there are many statistical measures that can use ODP historical prices to predict the future ODP's volatility.ODP Backtested Returns
We have found three technical indicators for ODP, 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 ODP are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
The ODP has no correlation between past and present. Overlapping area represents the amount of predictability between ODP time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ODP price movement. The serial correlation of 0.0 indicates that just 0.0% of current ODP 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 |
ODP lagged returns against current returns
Autocorrelation, which is ODP 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 ODP's stock expected returns. We can calculate the autocorrelation of ODP returns to help us make a trade decision. For example, suppose you find that ODP 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 |
ODP 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 ODP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODP stock over time.
Current vs Lagged Prices |
| Timeline |
ODP Lagged Returns
When evaluating ODP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODP stock have on its future price. ODP 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, ODP autocorrelation shows the relationship between ODP stock current value and its past values and can show if there is a momentum factor associated with investing in The ODP.
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.Additional Tools for ODP Stock Analysis
When running ODP's price analysis, check to measure ODP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ODP is operating at the current time. Most of ODP's value examination focuses on studying past and present price action to predict the probability of ODP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP's price. Additionally, you may evaluate how the addition of ODP to your portfolios can decrease your overall portfolio volatility.