OOhMedia (Australia) Market Value
| OML Stock | 1.23 0.01 0.82% |
| Symbol | OOhMedia |
OOhMedia '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 OOhMedia'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 OOhMedia.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in OOhMedia on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding oOhMedia or generate 0.0% return on investment in OOhMedia over 180 days. OOhMedia is related to or competes with Macquarie Group, Wam Leaders, Champion Iron, Peel Mining, Perpetual Credit, Talisman Mining, and Tombador Iron. OOhMedia is entity of Australia. It is traded as Stock on AU exchange. More
OOhMedia 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 OOhMedia'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 oOhMedia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.0 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.36 |
OOhMedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OOhMedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OOhMedia's standard deviation. In reality, there are many statistical measures that can use OOhMedia historical prices to predict the future OOhMedia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.8467 |
oOhMedia Backtested Returns
oOhMedia maintains Sharpe Ratio (i.e., Efficiency) of -0.0491, which implies the firm had a -0.0491% return per unit of risk over the last 3 months. oOhMedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OOhMedia's Market Risk Adjusted Performance of 0.8567, coefficient of variation of (1,681), and Variance of 2.56 to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OOhMedia are expected to decrease at a much lower rate. During the bear market, OOhMedia is likely to outperform the market. At this point, oOhMedia has a negative expected return of -0.075%. Please make sure to check OOhMedia's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if oOhMedia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
oOhMedia has poor reverse predictability. Overlapping area represents the amount of predictability between OOhMedia time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 oOhMedia price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current OOhMedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
oOhMedia lagged returns against current returns
Autocorrelation, which is OOhMedia 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 OOhMedia's stock expected returns. We can calculate the autocorrelation of OOhMedia returns to help us make a trade decision. For example, suppose you find that OOhMedia 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 |
OOhMedia 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 OOhMedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OOhMedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OOhMedia stock over time.
Current vs Lagged Prices |
| Timeline |
OOhMedia Lagged Returns
When evaluating OOhMedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OOhMedia stock have on its future price. OOhMedia 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, OOhMedia autocorrelation shows the relationship between OOhMedia stock current value and its past values and can show if there is a momentum factor associated with investing in oOhMedia.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OOhMedia Stock Analysis
When running OOhMedia's price analysis, check to measure OOhMedia's 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 OOhMedia is operating at the current time. Most of OOhMedia's value examination focuses on studying past and present price action to predict the probability of OOhMedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OOhMedia's price. Additionally, you may evaluate how the addition of OOhMedia to your portfolios can decrease your overall portfolio volatility.