OPUS GLOBAL (Hungary) Market Value
| OPUS Stock | 510.00 1.00 0.20% |
| Symbol | OPUS |
OPUS GLOBAL '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 OPUS GLOBAL'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 OPUS GLOBAL.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in OPUS GLOBAL on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding OPUS GLOBAL Nyrt or generate 0.0% return on investment in OPUS GLOBAL over 180 days. OPUS GLOBAL is related to or competes with Delta Technologies, Nutex Investments, and OTP Bank. More
OPUS GLOBAL 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 OPUS GLOBAL'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 OPUS GLOBAL Nyrt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8869 | |||
| Information Ratio | 0.1662 | |||
| Maximum Drawdown | 6.72 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 2.53 |
OPUS GLOBAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPUS GLOBAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPUS GLOBAL's standard deviation. In reality, there are many statistical measures that can use OPUS GLOBAL historical prices to predict the future OPUS GLOBAL's volatility.| Risk Adjusted Performance | 0.1867 | |||
| Jensen Alpha | 0.2812 | |||
| Total Risk Alpha | 0.1513 | |||
| Sortino Ratio | 0.2339 | |||
| Treynor Ratio | 2.15 |
OPUS GLOBAL Nyrt Backtested Returns
OPUS GLOBAL appears to be very steady, given 3 months investment horizon. OPUS GLOBAL Nyrt maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for OPUS GLOBAL Nyrt, which you can use to evaluate the volatility of the company. Please evaluate OPUS GLOBAL's Market Risk Adjusted Performance of 2.16, semi deviation of 0.4723, and Risk Adjusted Performance of 0.1867 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OPUS GLOBAL holds a performance score of 16. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPUS GLOBAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPUS GLOBAL is expected to be smaller as well. Please check OPUS GLOBAL's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether OPUS GLOBAL's historical price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
OPUS GLOBAL Nyrt has good predictability. Overlapping area represents the amount of predictability between OPUS GLOBAL time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 OPUS GLOBAL Nyrt price movement. The serial correlation of 0.7 indicates that around 70.0% of current OPUS GLOBAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 750.75 |
OPUS GLOBAL Nyrt lagged returns against current returns
Autocorrelation, which is OPUS GLOBAL 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 OPUS GLOBAL's stock expected returns. We can calculate the autocorrelation of OPUS GLOBAL returns to help us make a trade decision. For example, suppose you find that OPUS GLOBAL 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 |
OPUS GLOBAL 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 OPUS GLOBAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPUS GLOBAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPUS GLOBAL stock over time.
Current vs Lagged Prices |
| Timeline |
OPUS GLOBAL Lagged Returns
When evaluating OPUS GLOBAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPUS GLOBAL stock have on its future price. OPUS GLOBAL 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, OPUS GLOBAL autocorrelation shows the relationship between OPUS GLOBAL stock current value and its past values and can show if there is a momentum factor associated with investing in OPUS GLOBAL Nyrt.
Regressed Prices |
| Timeline |
Also Currently Popular
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 OPUS Stock Analysis
When running OPUS GLOBAL's price analysis, check to measure OPUS GLOBAL'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 OPUS GLOBAL is operating at the current time. Most of OPUS GLOBAL's value examination focuses on studying past and present price action to predict the probability of OPUS GLOBAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OPUS GLOBAL's price. Additionally, you may evaluate how the addition of OPUS GLOBAL to your portfolios can decrease your overall portfolio volatility.