Ormand Industries Stock Market Value
| OMDD Stock | USD 0.0001 0.00 0.00% |
| Symbol | Ormand |
Please note, there is a significant difference between Ormand Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormand Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormand Industries' 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.
Ormand Industries '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 Ormand Industries' otc 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 Ormand Industries.
| 01/04/2025 |
| 12/30/2025 |
If you would invest 0.00 in Ormand Industries on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Ormand Industries or generate 0.0% return on investment in Ormand Industries over 360 days. Ormand Industries Inc engages in the manufacture, sale, and refurbishment of optical supplies More
Ormand Industries 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 Ormand Industries' otc 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 Ormand Industries upside and downside potential and time the market with a certain degree of confidence.
Ormand Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ormand Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ormand Industries' standard deviation. In reality, there are many statistical measures that can use Ormand Industries historical prices to predict the future Ormand Industries' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ormand Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ormand Industries Backtested Returns
We have found three technical indicators for Ormand Industries, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Ormand Industries are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Ormand Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Ormand Industries time series from 4th of January 2025 to 3rd of July 2025 and 3rd of July 2025 to 30th of December 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 Ormand Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ormand Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ormand Industries lagged returns against current returns
Autocorrelation, which is Ormand Industries otc 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 Ormand Industries' otc stock expected returns. We can calculate the autocorrelation of Ormand Industries returns to help us make a trade decision. For example, suppose you find that Ormand Industries has exhibited high autocorrelation historically, and you observe that the otc 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 |
Ormand Industries 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 Ormand Industries otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ormand Industries otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ormand Industries otc stock over time.
Current vs Lagged Prices |
| Timeline |
Ormand Industries Lagged Returns
When evaluating Ormand Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ormand Industries otc stock have on its future price. Ormand Industries 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, Ormand Industries autocorrelation shows the relationship between Ormand Industries otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ormand Industries.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Ormand OTC Stock
Ormand Industries financial ratios help investors to determine whether Ormand OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ormand with respect to the benefits of owning Ormand Industries security.