Overseas Commerce (Israel) Market Value
| OVRS Stock | 381.80 2.40 0.62% |
| Symbol | Overseas |
Overseas Commerce '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 Overseas Commerce'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 Overseas Commerce.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Overseas Commerce on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Overseas Commerce or generate 0.0% return on investment in Overseas Commerce over 30 days. Overseas Commerce is related to or competes with Fridenson, Brainsway, Mivne Real, Photomyne, Israel Land, and Bezeq Israeli. Overseas Commerce Ltd., together with its subsidiaries, provides logistic services to businesses and customers More
Overseas Commerce 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 Overseas Commerce'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 Overseas Commerce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.79 |
Overseas Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overseas Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overseas Commerce's standard deviation. In reality, there are many statistical measures that can use Overseas Commerce historical prices to predict the future Overseas Commerce's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.1578 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0171 | |||
| Treynor Ratio | (14.90) |
Overseas Commerce Backtested Returns
Overseas Commerce appears to be very steady, given 3 months investment horizon. Overseas Commerce maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Overseas Commerce, which you can use to evaluate the volatility of the company. Please evaluate Overseas Commerce's Coefficient Of Variation of 1070.44, semi deviation of 1.24, and Risk Adjusted Performance of 0.0771 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Overseas Commerce holds a performance score of 9. The company holds a Beta of -0.0105, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Overseas Commerce are expected to decrease at a much lower rate. During the bear market, Overseas Commerce is likely to outperform the market. Please check Overseas Commerce's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Overseas Commerce's historical price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
Overseas Commerce has below average predictability. Overlapping area represents the amount of predictability between Overseas Commerce time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Overseas Commerce price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Overseas Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 3.34 |
Overseas Commerce lagged returns against current returns
Autocorrelation, which is Overseas Commerce 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 Overseas Commerce's stock expected returns. We can calculate the autocorrelation of Overseas Commerce returns to help us make a trade decision. For example, suppose you find that Overseas Commerce 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 |
Overseas Commerce 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 Overseas Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Overseas Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Overseas Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
Overseas Commerce Lagged Returns
When evaluating Overseas Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Overseas Commerce stock have on its future price. Overseas Commerce 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, Overseas Commerce autocorrelation shows the relationship between Overseas Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in Overseas Commerce.
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.Other Information on Investing in Overseas Stock
Overseas Commerce financial ratios help investors to determine whether Overseas 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 Overseas with respect to the benefits of owning Overseas Commerce security.