Optimi Health Corp Stock Market Value
| OPTHF Stock | USD 0.14 0.01 6.67% |
| Symbol | Optimi |
Optimi Health '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 Optimi Health's otc 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 Optimi Health.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Optimi Health on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Optimi Health Corp or generate 0.0% return on investment in Optimi Health over 30 days. Optimi Health is related to or competes with Cybin, and TAAT Global. Optimi Health Corp. develops an integrated functional mushroom brand that focuses on the health and wellness food market... More
Optimi Health 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 Optimi Health's otc 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 Optimi Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.0 |
Optimi Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimi Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimi Health's standard deviation. In reality, there are many statistical measures that can use Optimi Health historical prices to predict the future Optimi Health's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.62) | |||
| Treynor Ratio | (0.18) |
Optimi Health Corp Backtested Returns
Optimi Health Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0738, which implies the firm had a -0.0738% return per unit of risk over the last 3 months. Optimi Health Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optimi Health's Variance of 49.78, coefficient of variation of (1,620), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 2.48, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Optimi Health will likely underperform. At this point, Optimi Health Corp has a negative expected return of -0.52%. Please make sure to check Optimi Health's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Optimi Health Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Optimi Health Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Optimi Health time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Optimi Health Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Optimi Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Optimi Health Corp lagged returns against current returns
Autocorrelation, which is Optimi Health otc 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 Optimi Health's otc stock expected returns. We can calculate the autocorrelation of Optimi Health returns to help us make a trade decision. For example, suppose you find that Optimi Health has exhibited high autocorrelation historically, and you observe that the otc 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 |
Optimi Health 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 Optimi Health otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimi Health otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimi Health otc stock over time.
Current vs Lagged Prices |
| Timeline |
Optimi Health Lagged Returns
When evaluating Optimi Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimi Health otc stock have on its future price. Optimi Health 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, Optimi Health autocorrelation shows the relationship between Optimi Health otc stock current value and its past values and can show if there is a momentum factor associated with investing in Optimi Health Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Optimi OTC Stock
Optimi Health financial ratios help investors to determine whether Optimi OTC Stock 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 Optimi with respect to the benefits of owning Optimi Health security.