Origin Enterprises (Ireland) Market Value
| OIZ Stock | EUR 3.03 0.01 0.33% |
| Symbol | Origin |
Origin Enterprises '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 Origin Enterprises' 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 Origin Enterprises.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Origin Enterprises on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Origin Enterprises Plc or generate 0.0% return on investment in Origin Enterprises over 720 days. Origin Enterprises is related to or competes with Glanbia PLC, Kerry, FBD Holdings, and Dalata Hotel. More
Origin Enterprises 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 Origin Enterprises' 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 Origin Enterprises Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.81 |
Origin Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Origin Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Origin Enterprises' standard deviation. In reality, there are many statistical measures that can use Origin Enterprises historical prices to predict the future Origin Enterprises' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.54) |
Origin Enterprises Plc Backtested Returns
Origin Enterprises Plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0551, which implies the firm had a -0.0551% return per unit of risk over the last 3 months. Origin Enterprises Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Origin Enterprises' Coefficient Of Variation of (1,864), variance of 2.48, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Origin Enterprises' returns are expected to increase less than the market. However, during the bear market, the loss of holding Origin Enterprises is expected to be smaller as well. At this point, Origin Enterprises Plc has a negative expected return of -0.0862%. Please make sure to check Origin Enterprises' potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Origin Enterprises Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Origin Enterprises Plc has insignificant predictability. Overlapping area represents the amount of predictability between Origin Enterprises time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Origin Enterprises Plc price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Origin Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Origin Enterprises Plc lagged returns against current returns
Autocorrelation, which is Origin Enterprises 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 Origin Enterprises' stock expected returns. We can calculate the autocorrelation of Origin Enterprises returns to help us make a trade decision. For example, suppose you find that Origin Enterprises 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 |
Origin Enterprises 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 Origin Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Origin Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Origin Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Origin Enterprises Lagged Returns
When evaluating Origin Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Origin Enterprises stock have on its future price. Origin Enterprises 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, Origin Enterprises autocorrelation shows the relationship between Origin Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Origin Enterprises Plc.
Regressed Prices |
| Timeline |
Pair Trading with Origin Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Origin Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Origin Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with Origin Stock
Moving against Origin Stock
The ability to find closely correlated positions to Origin Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Origin Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Origin Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Origin Enterprises Plc to buy it.
The correlation of Origin Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Origin Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Origin Enterprises Plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Origin Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Origin Stock Analysis
When running Origin Enterprises' price analysis, check to measure Origin Enterprises' 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 Origin Enterprises is operating at the current time. Most of Origin Enterprises' value examination focuses on studying past and present price action to predict the probability of Origin Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Origin Enterprises' price. Additionally, you may evaluate how the addition of Origin Enterprises to your portfolios can decrease your overall portfolio volatility.