Okeanis Eco (Norway) Market Value
| OET Stock | NOK 253.00 1.00 0.39% |
| Symbol | Okeanis |
Okeanis Eco '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 Okeanis Eco'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 Okeanis Eco.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Okeanis Eco on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Okeanis Eco Tankers or generate 0.0% return on investment in Okeanis Eco over 90 days. Okeanis Eco is related to or competes with Hafnia, 2020 Bulkers, Hunter Group, Frontline, and BW LPG. Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels More
Okeanis Eco 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 Okeanis Eco'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 Okeanis Eco Tankers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 3.9 |
Okeanis Eco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okeanis Eco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Okeanis Eco's standard deviation. In reality, there are many statistical measures that can use Okeanis Eco historical prices to predict the future Okeanis Eco's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (2.25) |
Okeanis Eco Tankers Backtested Returns
Okeanis Eco Tankers maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Okeanis Eco Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okeanis Eco's Coefficient Of Variation of (742.59), risk adjusted performance of (0.1), and Variance of 5.77 to confirm the risk estimate we provide. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Okeanis Eco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Okeanis Eco is expected to be smaller as well. At this point, Okeanis Eco Tankers has a negative expected return of -0.29%. Please make sure to check Okeanis Eco's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Okeanis Eco Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Okeanis Eco Tankers has excellent reverse predictability. Overlapping area represents the amount of predictability between Okeanis Eco time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Okeanis Eco Tankers price movement. The serial correlation of -0.83 indicates that around 83.0% of current Okeanis Eco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1091.46 |
Okeanis Eco Tankers lagged returns against current returns
Autocorrelation, which is Okeanis Eco 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 Okeanis Eco's stock expected returns. We can calculate the autocorrelation of Okeanis Eco returns to help us make a trade decision. For example, suppose you find that Okeanis Eco 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 |
Okeanis Eco 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 Okeanis Eco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Okeanis Eco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Okeanis Eco stock over time.
Current vs Lagged Prices |
| Timeline |
Okeanis Eco Lagged Returns
When evaluating Okeanis Eco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Okeanis Eco stock have on its future price. Okeanis Eco 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, Okeanis Eco autocorrelation shows the relationship between Okeanis Eco stock current value and its past values and can show if there is a momentum factor associated with investing in Okeanis Eco Tankers.
Regressed Prices |
| Timeline |
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When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:Check out Okeanis Eco Correlation, Okeanis Eco Volatility and Okeanis Eco Alpha and Beta module to complement your research on Okeanis Eco. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Okeanis Eco technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.