Olin Corporation Stock Market Value
| OLN Stock | USD 43.59 0.72 1.68% |
| Symbol | Olin |
Olin Price To Book Ratio
Is Commodity Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Olin. If investors know Olin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Olin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Dividend Share 0.8 | Earnings Share 1.26 | Revenue Per Share 54.448 | Quarterly Revenue Growth (0.05) |
The market value of Olin is measured differently than its book value, which is the value of Olin that is recorded on the company's balance sheet. Investors also form their own opinion of Olin's value that differs from its market value or its book value, called intrinsic value, which is Olin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Olin's market value can be influenced by many factors that don't directly affect Olin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Olin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olin's 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.
Olin '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 Olin'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 Olin.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Olin on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Olin Corporation or generate 0.0% return on investment in Olin over 30 days. Olin is related to or competes with Huntsman, AdvanSix, Celanese, Green Plains, Lsb Industries, BASF SE, and Valhi. Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally More
Olin 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 Olin'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 Olin Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.92 |
Olin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olin's standard deviation. In reality, there are many statistical measures that can use Olin historical prices to predict the future Olin's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.014 |
Olin Backtested Returns
As of now, Olin Stock is very steady. Olin maintains Sharpe Ratio (i.e., Efficiency) of 0.0209, which implies the firm had a 0.0209% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Olin, which you can use to evaluate the volatility of the company. Please check Olin's Semi Deviation of 2.1, risk adjusted performance of 0.0186, and Coefficient Of Variation of 6351.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.046%. Olin has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.78, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Olin will likely underperform. Olin right now holds a risk of 2.21%. Please check Olin downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Olin will be following its historical price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Olin Corporation has insignificant predictability. Overlapping area represents the amount of predictability between Olin 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 Olin price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Olin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Olin lagged returns against current returns
Autocorrelation, which is Olin 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 Olin's stock expected returns. We can calculate the autocorrelation of Olin returns to help us make a trade decision. For example, suppose you find that Olin 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 |
Olin 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 Olin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olin stock over time.
Current vs Lagged Prices |
| Timeline |
Olin Lagged Returns
When evaluating Olin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olin stock have on its future price. Olin 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, Olin autocorrelation shows the relationship between Olin stock current value and its past values and can show if there is a momentum factor associated with investing in Olin Corporation.
Regressed Prices |
| Timeline |
Pair Trading with Olin
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 Olin 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 Olin will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Olin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olin 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 Olin - 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 Olin Corporation to buy it.
The correlation of Olin 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 Olin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olin 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 Olin 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.Check out Olin Correlation, Olin Volatility and Olin Alpha and Beta module to complement your research on Olin. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Olin 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.