Odyssey Marine (Germany) Market Value
| OYM1 Stock | EUR 0.33 0.01 2.94% |
| Symbol | Odyssey |
Odyssey Marine '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 Odyssey Marine'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 Odyssey Marine.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Odyssey Marine on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssey Marine Exploration or generate 0.0% return on investment in Odyssey Marine over 30 days. Odyssey Marine is related to or competes with ALERION CLEANPOWER, PennyMac Mortgage, ULTRA CLEAN, Virtus Investment, Genco Shipping, AOYAMA TRADING, and New Residential. Odyssey Marine Exploration, Inc., together with its subsidiaries, engages in deep-ocean exploration activities worldwide More
Odyssey Marine 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 Odyssey Marine'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 Odyssey Marine Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 92.12 | |||
| Value At Risk | (12.77) | |||
| Potential Upside | 9.26 |
Odyssey Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssey Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssey Marine's standard deviation. In reality, there are many statistical measures that can use Odyssey Marine historical prices to predict the future Odyssey Marine's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (2.69) | |||
| Total Risk Alpha | (4.25) | |||
| Treynor Ratio | (4.36) |
Odyssey Marine Explo Backtested Returns
Odyssey Marine Explo maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24% return per unit of risk over the last 3 months. Odyssey Marine Explo exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odyssey Marine's Risk Adjusted Performance of (0.18), coefficient of variation of (415.21), and Variance of 117.52 to confirm the risk estimate we provide. The company holds a Beta of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Odyssey Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Odyssey Marine is expected to be smaller as well. At this point, Odyssey Marine Explo has a negative expected return of -2.66%. Please make sure to check Odyssey Marine's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Odyssey Marine Explo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Odyssey Marine Exploration has good predictability. Overlapping area represents the amount of predictability between Odyssey Marine time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Odyssey Marine Explo price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Odyssey Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Odyssey Marine Explo lagged returns against current returns
Autocorrelation, which is Odyssey Marine 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 Odyssey Marine's stock expected returns. We can calculate the autocorrelation of Odyssey Marine returns to help us make a trade decision. For example, suppose you find that Odyssey Marine 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 |
Odyssey Marine 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 Odyssey Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssey Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssey Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Odyssey Marine Lagged Returns
When evaluating Odyssey Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssey Marine stock have on its future price. Odyssey Marine 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, Odyssey Marine autocorrelation shows the relationship between Odyssey Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Odyssey Marine Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Odyssey Stock
When determining whether Odyssey Marine Explo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Odyssey Marine's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Odyssey Marine Exploration Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Odyssey Marine Exploration Stock:Check out Odyssey Marine Correlation, Odyssey Marine Volatility and Odyssey Marine Alpha and Beta module to complement your research on Odyssey Marine. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Odyssey Marine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.