Otello ASA (Norway) Market Value
| OTEC Stock | NOK 7.86 0.12 1.50% |
| Symbol | Otello |
Otello ASA '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 Otello ASA'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 Otello ASA.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Otello ASA on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Otello ASA or generate 0.0% return on investment in Otello ASA over 60 days. Otello ASA is related to or competes with Kid ASA, Selvaag Bolig, Wallenius Wilhelmsen, Elkem ASA, and Rana Gruber. Otello Corporation ASA develops, produces, and sells software and associated services in the areas of mobile advertising... More
Otello ASA 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 Otello ASA'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 Otello ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 2.07 |
Otello ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otello ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otello ASA's standard deviation. In reality, there are many statistical measures that can use Otello ASA historical prices to predict the future Otello ASA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.13) |
Otello ASA Backtested Returns
Otello ASA maintains Sharpe Ratio (i.e., Efficiency) of -0.0308, which implies the firm had a -0.0308% return per unit of risk over the last 3 months. Otello ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Otello ASA's Variance of 1.51, coefficient of variation of (4,089), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Otello ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otello ASA is expected to be smaller as well. At this point, Otello ASA has a negative expected return of -0.038%. Please make sure to check Otello ASA's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Otello ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Otello ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Otello ASA time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Otello ASA price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Otello ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Otello ASA lagged returns against current returns
Autocorrelation, which is Otello ASA 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 Otello ASA's stock expected returns. We can calculate the autocorrelation of Otello ASA returns to help us make a trade decision. For example, suppose you find that Otello ASA 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 |
Otello ASA 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 Otello ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otello ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otello ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Otello ASA Lagged Returns
When evaluating Otello ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otello ASA stock have on its future price. Otello ASA 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, Otello ASA autocorrelation shows the relationship between Otello ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Otello ASA.
Regressed Prices |
| Timeline |
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Otello ASA financial ratios help investors to determine whether Otello 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 Otello with respect to the benefits of owning Otello ASA security.