On4 Communications Stock Market Value
| ONCI Stock | USD 0.0001 0.00 0.00% |
| Symbol | On4 |
On4 Communications '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 On4 Communications' 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 On4 Communications.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in On4 Communications on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding On4 Communications or generate 0.0% return on investment in On4 Communications over 510 days. On4 Communications, Inc., a development stage company, provides wireless communications services to telecommunication co... More
On4 Communications 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 On4 Communications' 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 On4 Communications upside and downside potential and time the market with a certain degree of confidence.
On4 Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for On4 Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as On4 Communications' standard deviation. In reality, there are many statistical measures that can use On4 Communications historical prices to predict the future On4 Communications' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of On4 Communications' 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.
On4 Communications Backtested Returns
On4 Communications retains Efficiency (Sharpe Ratio) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down three different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. The company owns a Beta (Systematic Risk) of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and On4 Communications are completely uncorrelated.
Auto-correlation | 0.04 |
Virtually no predictability
On4 Communications has virtually no predictability. Overlapping area represents the amount of predictability between On4 Communications time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 On4 Communications price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current On4 Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
On4 Communications lagged returns against current returns
Autocorrelation, which is On4 Communications 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 On4 Communications' pink sheet expected returns. We can calculate the autocorrelation of On4 Communications returns to help us make a trade decision. For example, suppose you find that On4 Communications 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 |
On4 Communications 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 On4 Communications pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if On4 Communications pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in On4 Communications pink sheet over time.
Current vs Lagged Prices |
| Timeline |
On4 Communications Lagged Returns
When evaluating On4 Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of On4 Communications pink sheet have on its future price. On4 Communications 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, On4 Communications autocorrelation shows the relationship between On4 Communications pink sheet current value and its past values and can show if there is a momentum factor associated with investing in On4 Communications.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in On4 Pink Sheet
On4 Communications financial ratios help investors to determine whether On4 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 On4 with respect to the benefits of owning On4 Communications security.