OEM International (Sweden) Market Value
| OEM-B Stock | SEK 117.80 0.60 0.51% |
| Symbol | OEM |
OEM International '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 OEM International'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 OEM International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OEM International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OEM International AB or generate 0.0% return on investment in OEM International over 30 days. OEM International is related to or competes with Bufab Holding, Lagercrantz Group, Troax Group, Nolato AB, and HMS Networks. OEM International AB , together with its subsidiaries, trades in industrial components and systems More
OEM International 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 OEM International'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 OEM International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.74 |
OEM International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OEM International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OEM International's standard deviation. In reality, there are many statistical measures that can use OEM International historical prices to predict the future OEM International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.2681 |
OEM International Backtested Returns
OEM International maintains Sharpe Ratio (i.e., Efficiency) of -0.0261, which implies the firm had a -0.0261% return per unit of volatility over the last 3 months. OEM International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OEM International's coefficient of variation of (6,778), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OEM International are expected to decrease at a much lower rate. During the bear market, OEM International is likely to outperform the market. At this point, OEM International has a negative expected return of -0.0497%. Please make sure to check OEM International's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if OEM International performance from the past will be repeated at future time.
Auto-correlation | 0.12 |
Insignificant predictability
OEM International AB has insignificant predictability. Overlapping area represents the amount of predictability between OEM International 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 OEM International price movement. The serial correlation of 0.12 indicates that less than 12.0% of current OEM International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 4.93 |
OEM International lagged returns against current returns
Autocorrelation, which is OEM International 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 OEM International's stock expected returns. We can calculate the autocorrelation of OEM International returns to help us make a trade decision. For example, suppose you find that OEM International 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 |
OEM International 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 OEM International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OEM International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OEM International stock over time.
Current vs Lagged Prices |
| Timeline |
OEM International Lagged Returns
When evaluating OEM International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OEM International stock have on its future price. OEM International 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, OEM International autocorrelation shows the relationship between OEM International stock current value and its past values and can show if there is a momentum factor associated with investing in OEM International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OEM Stock Analysis
When running OEM International's price analysis, check to measure OEM International'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 OEM International is operating at the current time. Most of OEM International's value examination focuses on studying past and present price action to predict the probability of OEM International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OEM International's price. Additionally, you may evaluate how the addition of OEM International to your portfolios can decrease your overall portfolio volatility.