Opter AB (Sweden) Market Value
| OPTER Stock | 118.50 0.50 0.42% |
| Symbol | Opter |
Opter AB '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 Opter AB'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 Opter AB.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Opter AB on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Opter AB or generate 0.0% return on investment in Opter AB over 30 days. Opter AB is related to or competes with Kjell Group, Upsales Technology, Avensia Publ, Generic Sweden, and Checkin Group. More
Opter AB 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 Opter AB'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 Opter AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0924 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.42 |
Opter AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opter AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opter AB's standard deviation. In reality, there are many statistical measures that can use Opter AB historical prices to predict the future Opter AB's volatility.| Risk Adjusted Performance | 0.1198 | |||
| Jensen Alpha | 0.3094 | |||
| Total Risk Alpha | 0.0261 | |||
| Sortino Ratio | 0.0876 | |||
| Treynor Ratio | (0.88) |
Opter AB Backtested Returns
Opter AB appears to be very steady, given 3 months investment horizon. Opter AB maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Opter AB, which you can use to evaluate the volatility of the company. Please evaluate Opter AB's Semi Deviation of 1.71, coefficient of variation of 670.53, and Risk Adjusted Performance of 0.1198 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Opter AB holds a performance score of 11. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Opter AB are expected to decrease at a much lower rate. During the bear market, Opter AB is likely to outperform the market. Please check Opter AB's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Opter AB's historical price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Opter AB has average predictability. Overlapping area represents the amount of predictability between Opter AB time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Opter AB price movement. The serial correlation of 0.46 indicates that about 46.0% of current Opter AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 3.05 |
Opter AB lagged returns against current returns
Autocorrelation, which is Opter AB 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 Opter AB's stock expected returns. We can calculate the autocorrelation of Opter AB returns to help us make a trade decision. For example, suppose you find that Opter AB 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 |
Opter AB 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 Opter AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opter AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opter AB stock over time.
Current vs Lagged Prices |
| Timeline |
Opter AB Lagged Returns
When evaluating Opter AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opter AB stock have on its future price. Opter AB 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, Opter AB autocorrelation shows the relationship between Opter AB stock current value and its past values and can show if there is a momentum factor associated with investing in Opter AB.
Regressed Prices |
| Timeline |
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Additional Tools for Opter Stock Analysis
When running Opter AB's price analysis, check to measure Opter AB'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 Opter AB is operating at the current time. Most of Opter AB's value examination focuses on studying past and present price action to predict the probability of Opter AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opter AB's price. Additionally, you may evaluate how the addition of Opter AB to your portfolios can decrease your overall portfolio volatility.