Oponeopl (Poland) Market Value
| OPN Stock | 79.80 0.80 1.01% |
| Symbol | Oponeopl |
Oponeopl '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 Oponeopl'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 Oponeopl.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Oponeopl on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Oponeopl SA or generate 0.0% return on investment in Oponeopl over 180 days.
Oponeopl 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 Oponeopl'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 Oponeopl SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.38 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.46 |
Oponeopl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oponeopl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oponeopl's standard deviation. In reality, there are many statistical measures that can use Oponeopl historical prices to predict the future Oponeopl's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.0649 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (5.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oponeopl'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.
Oponeopl SA Backtested Returns
Currently, Oponeopl SA is very steady. Oponeopl SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0107, which implies the firm had a 0.0107% return per unit of risk over the last 3 months. We have found thirty technical indicators for Oponeopl SA, which you can use to evaluate the volatility of the company. Please check Oponeopl's Risk Adjusted Performance of 0.0323, semi deviation of 1.89, and Coefficient Of Variation of 2967.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0232%. The company holds a Beta of -0.011, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oponeopl are expected to decrease at a much lower rate. During the bear market, Oponeopl is likely to outperform the market. Oponeopl SA right now holds a risk of 2.18%. Please check Oponeopl SA maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Oponeopl SA will be following its historical price patterns.
Auto-correlation | 0.50 |
Modest predictability
Oponeopl SA has modest predictability. Overlapping area represents the amount of predictability between Oponeopl time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Oponeopl SA price movement. The serial correlation of 0.5 indicates that about 50.0% of current Oponeopl price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 17.19 |
Oponeopl SA lagged returns against current returns
Autocorrelation, which is Oponeopl 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 Oponeopl's stock expected returns. We can calculate the autocorrelation of Oponeopl returns to help us make a trade decision. For example, suppose you find that Oponeopl 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 |
Oponeopl 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 Oponeopl stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oponeopl stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oponeopl stock over time.
Current vs Lagged Prices |
| Timeline |
Oponeopl Lagged Returns
When evaluating Oponeopl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oponeopl stock have on its future price. Oponeopl 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, Oponeopl autocorrelation shows the relationship between Oponeopl stock current value and its past values and can show if there is a momentum factor associated with investing in Oponeopl SA.
Regressed Prices |
| Timeline |
Pair Trading with Oponeopl
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oponeopl position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oponeopl will appreciate offsetting losses from the drop in the long position's value.Moving against Oponeopl Stock
The ability to find closely correlated positions to Oponeopl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oponeopl when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oponeopl - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oponeopl SA to buy it.
The correlation of Oponeopl is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oponeopl moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oponeopl SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oponeopl can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Oponeopl Stock Analysis
When running Oponeopl's price analysis, check to measure Oponeopl's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oponeopl is operating at the current time. Most of Oponeopl's value examination focuses on studying past and present price action to predict the probability of Oponeopl's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oponeopl's price. Additionally, you may evaluate how the addition of Oponeopl to your portfolios can decrease your overall portfolio volatility.