Ontex Group (Germany) Market Value
| OT7 Stock | EUR 7.97 0.04 0.50% |
| Symbol | Ontex |
Ontex Group '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 Ontex Group'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 Ontex Group.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ontex Group on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ontex Group NV or generate 0.0% return on investment in Ontex Group over 60 days. Ontex Group is related to or competes with Molson Coors, Lion One, CAL MAINE, LIFEWAY FOODS, MCEWEN MINING, and THAI BEVERAGE. Ontex Group NV manufactures and sells personal hygiene solutions for baby, feminine, and adult care in Western Europe, E... More
Ontex Group 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 Ontex Group'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 Ontex Group NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.43 |
Ontex Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontex Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ontex Group's standard deviation. In reality, there are many statistical measures that can use Ontex Group historical prices to predict the future Ontex Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (1.01) |
Ontex Group NV Backtested Returns
Ontex Group NV maintains Sharpe Ratio (i.e., Efficiency) of -0.0922, which implies the firm had a -0.0922% return per unit of risk over the last 3 months. Ontex Group NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ontex Group's Coefficient Of Variation of (1,142), risk adjusted performance of (0.06), and Variance of 3.1 to confirm the risk estimate we provide. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ontex Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ontex Group is expected to be smaller as well. At this point, Ontex Group NV has a negative expected return of -0.16%. Please make sure to check Ontex Group's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Ontex Group NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Ontex Group NV has good reverse predictability. Overlapping area represents the amount of predictability between Ontex Group time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Ontex Group NV price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Ontex Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ontex Group NV lagged returns against current returns
Autocorrelation, which is Ontex Group 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 Ontex Group's stock expected returns. We can calculate the autocorrelation of Ontex Group returns to help us make a trade decision. For example, suppose you find that Ontex Group 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 |
Ontex Group 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 Ontex Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ontex Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ontex Group stock over time.
Current vs Lagged Prices |
| Timeline |
Ontex Group Lagged Returns
When evaluating Ontex Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ontex Group stock have on its future price. Ontex Group 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, Ontex Group autocorrelation shows the relationship between Ontex Group stock current value and its past values and can show if there is a momentum factor associated with investing in Ontex Group NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ontex Stock
Ontex Group financial ratios help investors to determine whether Ontex 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 Ontex with respect to the benefits of owning Ontex Group security.