Oncimmune Holdings (UK) Market Value
| ONC Stock | 15.35 0.20 1.32% |
| Symbol | Oncimmune |
Oncimmune 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 Oncimmune Holdings' 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 Oncimmune Holdings.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Oncimmune Holdings on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Oncimmune Holdings plc or generate 0.0% return on investment in Oncimmune Holdings over 90 days. Oncimmune Holdings is related to or competes with JD Sports, Polar Capital, Science In, Universal Display, Sabien Technology, and Charter Communications. More
Oncimmune 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 Oncimmune Holdings' 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 Oncimmune Holdings plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.73 | |||
| Value At Risk | (9.88) | |||
| Potential Upside | 7.12 |
Oncimmune Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oncimmune Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oncimmune Holdings' standard deviation. In reality, there are many statistical measures that can use Oncimmune Holdings historical prices to predict the future Oncimmune Holdings' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.29) |
Oncimmune Holdings plc Backtested Returns
Oncimmune Holdings plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0394, which implies the firm had a -0.0394% return per unit of risk over the last 3 months. Oncimmune Holdings plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oncimmune Holdings' Variance of 22.05, coefficient of variation of (2,536), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.68, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oncimmune Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Oncimmune Holdings is expected to be smaller as well. At this point, Oncimmune Holdings plc has a negative expected return of -0.19%. Please make sure to check Oncimmune Holdings' standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Oncimmune Holdings plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Oncimmune Holdings plc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oncimmune Holdings time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Oncimmune Holdings plc price movement. The serial correlation of -0.19 indicates that over 19.0% of current Oncimmune Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Oncimmune Holdings plc lagged returns against current returns
Autocorrelation, which is Oncimmune Holdings 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 Oncimmune Holdings' stock expected returns. We can calculate the autocorrelation of Oncimmune Holdings returns to help us make a trade decision. For example, suppose you find that Oncimmune Holdings 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 |
Oncimmune 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 Oncimmune Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oncimmune Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oncimmune Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Oncimmune Holdings Lagged Returns
When evaluating Oncimmune Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oncimmune Holdings stock have on its future price. Oncimmune 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, Oncimmune Holdings autocorrelation shows the relationship between Oncimmune Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Oncimmune Holdings plc.
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 Oncimmune Stock
Oncimmune Holdings financial ratios help investors to determine whether Oncimmune 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 Oncimmune with respect to the benefits of owning Oncimmune Holdings security.