Ocumetics Technology Corp Stock Market Value
| OTC Stock | 0.32 0.01 3.23% |
| Symbol | Ocumetics |
Ocumetics Technology Corp Price To Book Ratio
Ocumetics Technology '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 Ocumetics Technology'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 Ocumetics Technology.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Ocumetics Technology on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Ocumetics Technology Corp or generate 0.0% return on investment in Ocumetics Technology over 30 days. Ocumetics Technology is related to or competes with Rakovina Therapeutics, and Perimeter Medical. Ocumetics Technology is entity of Canada More
Ocumetics Technology 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 Ocumetics Technology'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 Ocumetics Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.27 | |||
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 39.32 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 9.38 |
Ocumetics Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocumetics Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocumetics Technology's standard deviation. In reality, there are many statistical measures that can use Ocumetics Technology historical prices to predict the future Ocumetics Technology's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0499 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.0077 | |||
| Treynor Ratio | (0.13) |
Ocumetics Technology Corp Backtested Returns
Ocumetics Technology appears to be out of control, given 3 months investment horizon. Ocumetics Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0358, which implies the firm had a 0.0358 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ocumetics Technology Corp, which you can use to evaluate the volatility of the company. Please evaluate Ocumetics Technology's Semi Deviation of 3.9, risk adjusted performance of 0.0162, and Coefficient Of Variation of 9535.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ocumetics Technology holds a performance score of 2. The company holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ocumetics Technology are expected to decrease at a much lower rate. During the bear market, Ocumetics Technology is likely to outperform the market. Please check Ocumetics Technology's potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Ocumetics Technology's historical price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ocumetics Technology Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ocumetics Technology time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ocumetics Technology Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ocumetics Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ocumetics Technology Corp lagged returns against current returns
Autocorrelation, which is Ocumetics Technology 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 Ocumetics Technology's stock expected returns. We can calculate the autocorrelation of Ocumetics Technology returns to help us make a trade decision. For example, suppose you find that Ocumetics Technology 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 |
Ocumetics Technology 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 Ocumetics Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocumetics Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocumetics Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ocumetics Technology Lagged Returns
When evaluating Ocumetics Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocumetics Technology stock have on its future price. Ocumetics Technology 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, Ocumetics Technology autocorrelation shows the relationship between Ocumetics Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ocumetics Technology Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ocumetics Stock Analysis
When running Ocumetics Technology's price analysis, check to measure Ocumetics Technology'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 Ocumetics Technology is operating at the current time. Most of Ocumetics Technology's value examination focuses on studying past and present price action to predict the probability of Ocumetics Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocumetics Technology's price. Additionally, you may evaluate how the addition of Ocumetics Technology to your portfolios can decrease your overall portfolio volatility.