Otto Energy Limited Stock Market Value
| OTTEF Stock | USD 0 0.01 71.82% |
| Symbol | Otto |
Otto Energy '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 Otto Energy's pink sheet 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 Otto Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Otto Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Otto Energy Limited or generate 0.0% return on investment in Otto Energy over 30 days. Otto Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Otto Energy Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in No... More
Otto Energy 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 Otto Energy's pink sheet 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 Otto Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 49.66 | |||
| Information Ratio | 0.0733 | |||
| Maximum Drawdown | 705.15 | |||
| Value At Risk | (36.51) |
Otto Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otto Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otto Energy's standard deviation. In reality, there are many statistical measures that can use Otto Energy historical prices to predict the future Otto Energy's volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 4.84 | |||
| Total Risk Alpha | (6.62) | |||
| Sortino Ratio | 0.1182 | |||
| Treynor Ratio | 0.6309 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Otto Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Otto Energy Limited Backtested Returns
Otto Energy is out of control given 3 months investment horizon. Otto Energy Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0773, which implies the firm had a 0.0773% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.39% are justified by taking the suggested risk. Use Otto Energy Risk Adjusted Performance of 0.0674, semi deviation of 15.12, and Coefficient Of Variation of 1334.85 to evaluate company specific risk that cannot be diversified away. Otto Energy holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of 9.5, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Otto Energy will likely underperform. Use Otto Energy value at risk and the relationship between the skewness and relative strength index , to analyze future returns on Otto Energy.
Auto-correlation | 0.00 |
No correlation between past and present
Otto Energy Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Otto Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Otto Energy Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Otto Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Otto Energy Limited lagged returns against current returns
Autocorrelation, which is Otto Energy pink sheet'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 Otto Energy's pink sheet expected returns. We can calculate the autocorrelation of Otto Energy returns to help us make a trade decision. For example, suppose you find that Otto Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Otto Energy 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 Otto Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otto Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otto Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Otto Energy Lagged Returns
When evaluating Otto Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otto Energy pink sheet have on its future price. Otto Energy 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, Otto Energy autocorrelation shows the relationship between Otto Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Otto Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Otto Pink Sheet
Otto Energy financial ratios help investors to determine whether Otto Pink Sheet 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 Otto with respect to the benefits of owning Otto Energy security.