Optomed PLC (Finland) Market Value
| OPTOMED Stock | EUR 3.96 0.01 0.25% |
| Symbol | Optomed |
Optomed PLC '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 Optomed PLC'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 Optomed PLC.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Optomed PLC on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Optomed PLC or generate 0.0% return on investment in Optomed PLC over 360 days. Optomed PLC is related to or competes with Harvia Oyj, Revenio, Qt Group, Tecnotree Oyj, and Kamux Suomi. Optomed Oyj, a medical technology company, provides handheld fundus cameras and eye-screening devices in Finland, China,... More
Optomed PLC 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 Optomed PLC'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 Optomed PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.23 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.79 |
Optomed PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optomed PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optomed PLC's standard deviation. In reality, there are many statistical measures that can use Optomed PLC historical prices to predict the future Optomed PLC's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (2.52) |
Optomed PLC Backtested Returns
Optomed PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.0992, which implies the firm had a -0.0992% return per unit of risk over the last 3 months. Optomed PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optomed PLC's Risk Adjusted Performance of (0.04), variance of 14.56, and Coefficient Of Variation of (1,731) to confirm the risk estimate we provide. The company holds a Beta of 0.0916, which implies not very significant fluctuations relative to the market. As returns on the market increase, Optomed PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optomed PLC is expected to be smaller as well. At this point, Optomed PLC has a negative expected return of -0.37%. Please make sure to check Optomed PLC's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Optomed PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Optomed PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Optomed PLC time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Optomed PLC price movement. The serial correlation of -0.72 indicates that around 72.0% of current Optomed PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Optomed PLC lagged returns against current returns
Autocorrelation, which is Optomed PLC 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 Optomed PLC's stock expected returns. We can calculate the autocorrelation of Optomed PLC returns to help us make a trade decision. For example, suppose you find that Optomed PLC 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 |
Optomed PLC 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 Optomed PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optomed PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optomed PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Optomed PLC Lagged Returns
When evaluating Optomed PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optomed PLC stock have on its future price. Optomed PLC 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, Optomed PLC autocorrelation shows the relationship between Optomed PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Optomed 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.Other Information on Investing in Optomed Stock
Optomed PLC financial ratios help investors to determine whether Optomed 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 Optomed with respect to the benefits of owning Optomed PLC security.