Omron Stock Market Value
| OMRNF Stock | USD 33.74 0.00 0.00% |
| Symbol | OMRON |
OMRON '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 OMRON's 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 OMRON.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in OMRON on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding OMRON or generate 0.0% return on investment in OMRON over 720 days. OMRON is related to or competes with LGL, Data IO, Sanmina, Plexus Corp, Flex, Benchmark Electronics, and CTS. OMRON Corporation engages in industrial automation, electronic and mechanical components, social systems, and healthcare... More
OMRON 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 OMRON's 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 OMRON upside and downside potential and time the market with a certain degree of confidence.
OMRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMRON's standard deviation. In reality, there are many statistical measures that can use OMRON historical prices to predict the future OMRON's volatility.OMRON Backtested Returns
We have found three technical indicators for OMRON, 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 OMRON are completely uncorrelated.
Auto-correlation | -0.09 |
Very weak reverse predictability
OMRON has very weak reverse predictability. Overlapping area represents the amount of predictability between OMRON time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 OMRON price movement. The serial correlation of -0.09 indicates that less than 9.0% of current OMRON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 47.65 |
OMRON lagged returns against current returns
Autocorrelation, which is OMRON 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 OMRON's pink sheet expected returns. We can calculate the autocorrelation of OMRON returns to help us make a trade decision. For example, suppose you find that OMRON 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 |
OMRON 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 OMRON pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMRON pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMRON pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OMRON Lagged Returns
When evaluating OMRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMRON pink sheet have on its future price. OMRON 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, OMRON autocorrelation shows the relationship between OMRON pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OMRON.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OMRON Pink Sheet
OMRON financial ratios help investors to determine whether OMRON Pink Sheet 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 OMRON with respect to the benefits of owning OMRON security.