OC Oerlikon (Switzerland) Market Value
| OERL Stock | CHF 3.69 0.04 1.10% |
| Symbol | OERL |
OC Oerlikon '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 OC Oerlikon'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 OC Oerlikon.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in OC Oerlikon on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding OC Oerlikon Corp or generate 0.0% return on investment in OC Oerlikon over 390 days. OC Oerlikon is related to or competes with Sulzer AG, Helvetia Holding, Swiss Life, Adecco Group, and Clariant. OC Oerlikon Corporation AG provides advanced materials, surface technologies, coating equipment, and services worldwide More
OC Oerlikon 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 OC Oerlikon'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 OC Oerlikon Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.69 |
OC Oerlikon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OC Oerlikon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OC Oerlikon's standard deviation. In reality, there are many statistical measures that can use OC Oerlikon historical prices to predict the future OC Oerlikon's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (3.38) |
OC Oerlikon Corp Backtested Returns
OC Oerlikon Corp retains Efficiency (Sharpe Ratio) of -0.21, which implies the company had a -0.21% return per unit of price deviation over the last 3 months. OC Oerlikon exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OC Oerlikon's market risk adjusted performance of (3.37), and Information Ratio of (0.27) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, OC Oerlikon's returns are expected to increase less than the market. However, during the bear market, the loss of holding OC Oerlikon is expected to be smaller as well. At this point, OC Oerlikon Corp has a negative expected return of -0.37%. Please make sure to check OC Oerlikon's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if OC Oerlikon Corp performance from the past will be repeated sooner or later.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
OC Oerlikon Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OC Oerlikon time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 OC Oerlikon Corp price movement. The serial correlation of -0.78 indicates that around 78.0% of current OC Oerlikon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
OC Oerlikon Corp lagged returns against current returns
Autocorrelation, which is OC Oerlikon 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 OC Oerlikon's stock expected returns. We can calculate the autocorrelation of OC Oerlikon returns to help us make a trade decision. For example, suppose you find that OC Oerlikon 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 |
OC Oerlikon 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 OC Oerlikon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OC Oerlikon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OC Oerlikon stock over time.
Current vs Lagged Prices |
| Timeline |
OC Oerlikon Lagged Returns
When evaluating OC Oerlikon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OC Oerlikon stock have on its future price. OC Oerlikon 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, OC Oerlikon autocorrelation shows the relationship between OC Oerlikon stock current value and its past values and can show if there is a momentum factor associated with investing in OC Oerlikon Corp.
Regressed Prices |
| Timeline |
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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 OERL Stock Analysis
When running OC Oerlikon's price analysis, check to measure OC Oerlikon'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 OC Oerlikon is operating at the current time. Most of OC Oerlikon's value examination focuses on studying past and present price action to predict the probability of OC Oerlikon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OC Oerlikon's price. Additionally, you may evaluate how the addition of OC Oerlikon to your portfolios can decrease your overall portfolio volatility.