Omda Oil And Stock Market Value
| OOAG Stock | USD 0.0001 0.00 0.00% |
| Symbol | OMDA |
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OMDA Oil. If investors know OMDA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OMDA Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of OMDA Oil is measured differently than its book value, which is the value of OMDA that is recorded on the company's balance sheet. Investors also form their own opinion of OMDA Oil's value that differs from its market value or its book value, called intrinsic value, which is OMDA Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OMDA Oil's market value can be influenced by many factors that don't directly affect OMDA Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OMDA Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if OMDA Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OMDA Oil's 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.
OMDA Oil '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 OMDA Oil'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 OMDA Oil.
| 05/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in OMDA Oil on May 29, 2024 and sell it all today you would earn a total of 0.00 from holding OMDA Oil and or generate 0.0% return on investment in OMDA Oil over 180 days. OMDA Oil is related to or competes with Devon Energy, ConocoPhillips, Occidental Petroleum, Permian Resources, EOG Resources, Coterra Energy, and Range Resources. OMDA OIL is traded on PNK Exchange in the United States. More
OMDA Oil 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 OMDA Oil'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 OMDA Oil and upside and downside potential and time the market with a certain degree of confidence.
OMDA Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMDA Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMDA Oil's standard deviation. In reality, there are many statistical measures that can use OMDA Oil historical prices to predict the future OMDA Oil's volatility.OMDA Oil Backtested Returns
We have found three technical indicators for OMDA Oil, 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 OMDA Oil are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
OMDA Oil and has no correlation between past and present. Overlapping area represents the amount of predictability between OMDA Oil time series from 29th of May 2024 to 27th of August 2024 and 27th of August 2024 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 OMDA Oil price movement. The serial correlation of 0.0 indicates that just 0.0% of current OMDA Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OMDA Oil lagged returns against current returns
Autocorrelation, which is OMDA Oil 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 OMDA Oil's stock expected returns. We can calculate the autocorrelation of OMDA Oil returns to help us make a trade decision. For example, suppose you find that OMDA Oil 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 |
OMDA Oil 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 OMDA Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMDA Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMDA Oil stock over time.
Current vs Lagged Prices |
| Timeline |
OMDA Oil Lagged Returns
When evaluating OMDA Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMDA Oil stock have on its future price. OMDA Oil 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, OMDA Oil autocorrelation shows the relationship between OMDA Oil stock current value and its past values and can show if there is a momentum factor associated with investing in OMDA Oil and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether OMDA Oil is a strong investment it is important to analyze OMDA Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OMDA Oil's future performance. For an informed investment choice regarding OMDA Stock, refer to the following important reports:Check out OMDA Oil Correlation, OMDA Oil Volatility and OMDA Oil Alpha and Beta module to complement your research on OMDA Oil. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
OMDA Oil technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.