Otello Asa Stock Market Value
| OPESF Stock | USD 0.65 0.00 0.00% |
| Symbol | Otello |
Otello ASA '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 Otello ASA'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 Otello ASA.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Otello ASA on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Otello ASA or generate 0.0% return on investment in Otello ASA over 510 days. Otello ASA is related to or competes with National CineMedia, MGO Global, and Baosheng Media. Otello Corporation ASA provides cloud-based network solutions for mobile operators More
Otello ASA 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 Otello ASA'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 Otello ASA upside and downside potential and time the market with a certain degree of confidence.
Otello ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otello ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otello ASA's standard deviation. In reality, there are many statistical measures that can use Otello ASA historical prices to predict the future Otello ASA's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Otello ASA's 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.
Otello ASA Backtested Returns
We have found three technical indicators for Otello ASA, 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 Otello ASA are completely uncorrelated.
Auto-correlation | 0.18 |
Very weak predictability
Otello ASA has very weak predictability. Overlapping area represents the amount of predictability between Otello ASA time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 Otello ASA price movement. The serial correlation of 0.18 indicates that over 18.0% of current Otello ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Otello ASA lagged returns against current returns
Autocorrelation, which is Otello ASA 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 Otello ASA's pink sheet expected returns. We can calculate the autocorrelation of Otello ASA returns to help us make a trade decision. For example, suppose you find that Otello ASA 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 |
Otello ASA 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 Otello ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otello ASA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otello ASA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Otello ASA Lagged Returns
When evaluating Otello ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otello ASA pink sheet have on its future price. Otello ASA 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, Otello ASA autocorrelation shows the relationship between Otello ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Otello ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Otello Pink Sheet
Otello ASA financial ratios help investors to determine whether Otello 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 Otello with respect to the benefits of owning Otello ASA security.