OptiBiotix Health (UK) Market Value
| OPTI Stock | 18.50 1.50 8.82% |
| Symbol | OptiBiotix |
OptiBiotix 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 OptiBiotix Health'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 OptiBiotix Health.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in OptiBiotix Health on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding OptiBiotix Health Plc or generate 0.0% return on investment in OptiBiotix Health over 540 days. OptiBiotix Health is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and MOL Hungarian. OptiBiotix Health is entity of United Kingdom More
OptiBiotix 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 OptiBiotix Health'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 OptiBiotix Health Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 25.77 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 10.0 |
OptiBiotix Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OptiBiotix Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OptiBiotix Health's standard deviation. In reality, there are many statistical measures that can use OptiBiotix Health historical prices to predict the future OptiBiotix Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (3.48) |
OptiBiotix Health Plc Backtested Returns
OptiBiotix Health Plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0026, which implies the firm had a -0.0026% return per unit of risk over the last 3 months. OptiBiotix Health Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OptiBiotix Health's Risk Adjusted Performance of (0.01), variance of 34.11, and Coefficient Of Variation of (4,401) to confirm the risk estimate we provide. The company holds a Beta of 0.041, which implies not very significant fluctuations relative to the market. As returns on the market increase, OptiBiotix Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding OptiBiotix Health is expected to be smaller as well. At this point, OptiBiotix Health Plc has a negative expected return of -0.0149%. Please make sure to check OptiBiotix Health's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if OptiBiotix Health Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
OptiBiotix Health Plc has insignificant reverse predictability. Overlapping area represents the amount of predictability between OptiBiotix Health time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 OptiBiotix Health Plc price movement. The serial correlation of -0.13 indicates that less than 13.0% of current OptiBiotix Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 22.19 |
OptiBiotix Health Plc lagged returns against current returns
Autocorrelation, which is OptiBiotix Health 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 OptiBiotix Health's stock expected returns. We can calculate the autocorrelation of OptiBiotix Health returns to help us make a trade decision. For example, suppose you find that OptiBiotix Health 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 |
OptiBiotix 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 OptiBiotix Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OptiBiotix Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OptiBiotix Health stock over time.
Current vs Lagged Prices |
| Timeline |
OptiBiotix Health Lagged Returns
When evaluating OptiBiotix Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OptiBiotix Health stock have on its future price. OptiBiotix 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, OptiBiotix Health autocorrelation shows the relationship between OptiBiotix Health stock current value and its past values and can show if there is a momentum factor associated with investing in OptiBiotix Health Plc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for OptiBiotix Stock Analysis
When running OptiBiotix Health's price analysis, check to measure OptiBiotix Health'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 OptiBiotix Health is operating at the current time. Most of OptiBiotix Health's value examination focuses on studying past and present price action to predict the probability of OptiBiotix Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OptiBiotix Health's price. Additionally, you may evaluate how the addition of OptiBiotix Health to your portfolios can decrease your overall portfolio volatility.