Oji Holdings' market value is the price at which a share of Oji Holdings trades on a public exchange. It measures the collective expectations of Oji Holdings Corp investors about its performance. Oji Holdings is trading at 33.85 as of the 8th of January 2025; that is 0.92% increase since the beginning of the trading day. The stock's open price was 33.54. With this module, you can estimate the performance of a buy and hold strategy of Oji Holdings Corp and determine expected loss or profit from investing in Oji Holdings over a given investment horizon. Check out Oji Holdings Correlation, Oji Holdings Volatility and Oji Holdings Alpha and Beta module to complement your research on Oji Holdings.
Please note, there is a significant difference between Oji Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Oji Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oji Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Oji Holdings '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 Oji Holdings' pink sheet 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 Oji Holdings.
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12/09/2024
No Change 0.00
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In 31 days
01/08/2025
0.00
If you would invest 0.00 in Oji Holdings on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Oji Holdings Corp or generate 0.0% return on investment in Oji Holdings over 30 days. Oji Holdings is related to or competes with Canfor Pulp, Mondi PLC, Nine Dragons, Klabin Sa, and Holmen AB. Oji Holdings Corporation, together with its subsidiaries, engages in the pulp and paper business in Japan and internatio... More
Oji Holdings 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 Oji Holdings' pink sheet 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 Oji Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oji Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oji Holdings' standard deviation. In reality, there are many statistical measures that can use Oji Holdings historical prices to predict the future Oji Holdings' volatility.
Oji Holdings Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0555, which implies the firm had a -0.0555% return per unit of risk over the last 3 months. Oji Holdings Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oji Holdings' Coefficient Of Variation of (1,860), variance of 16.63, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oji Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Oji Holdings is expected to be smaller as well. At this point, Oji Holdings Corp has a negative expected return of -0.23%. Please make sure to check Oji Holdings' standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to decide if Oji Holdings Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.55
Good reverse predictability
Oji Holdings Corp has good reverse predictability. Overlapping area represents the amount of predictability between Oji Holdings time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oji Holdings Corp price movement. The serial correlation of -0.55 indicates that about 55.0% of current Oji Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.55
Spearman Rank Test
0.45
Residual Average
0.0
Price Variance
0.03
Oji Holdings Corp lagged returns against current returns
Autocorrelation, which is Oji Holdings pink sheet'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 Oji Holdings' pink sheet expected returns. We can calculate the autocorrelation of Oji Holdings returns to help us make a trade decision. For example, suppose you find that Oji Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Oji Holdings 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 Oji Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oji Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oji Holdings pink sheet over time.
Current vs Lagged Prices
Timeline
Oji Holdings Lagged Returns
When evaluating Oji Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oji Holdings pink sheet have on its future price. Oji Holdings 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, Oji Holdings autocorrelation shows the relationship between Oji Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Oji Holdings 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.
When running Oji Holdings' price analysis, check to measure Oji Holdings' 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 Oji Holdings is operating at the current time. Most of Oji Holdings' value examination focuses on studying past and present price action to predict the probability of Oji Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oji Holdings' price. Additionally, you may evaluate how the addition of Oji Holdings to your portfolios can decrease your overall portfolio volatility.