Ofx Group Ltd Stock Market Value
| OZFRY Stock | USD 7.33 0.00 0.00% |
| Symbol | OFX |
OFX Group '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 OFX Group'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 OFX Group.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OFX Group on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OFX Group Ltd or generate 0.0% return on investment in OFX Group over 30 days. OFX Group is related to or competes with Bel Fuse, Nextplat Corp, Semtech, Nextnav Acquisition, Bill, Qualys, and Emerson Radio. OFX Group Limited provides international payments and foreign exchange services More
OFX Group 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 OFX Group'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 OFX Group Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1074 | |||
| Maximum Drawdown | 66.59 |
OFX Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFX Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFX Group's standard deviation. In reality, there are many statistical measures that can use OFX Group historical prices to predict the future OFX Group's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.8123 | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.6349 |
OFX Group Backtested Returns
OFX Group is unstable given 3 months investment horizon. OFX Group maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of standard deviation over the last 3 months. We were able to interpolate data for sixteen different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use OFX Group Market Risk Adjusted Performance of 0.6449, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.1031 to evaluate company specific risk that cannot be diversified away. OFX Group holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of 1.57, 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, OFX Group will likely underperform. Use OFX Group risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to analyze future returns on OFX Group.
Auto-correlation | 0.00 |
No correlation between past and present
OFX Group Ltd has no correlation between past and present. Overlapping area represents the amount of predictability between OFX Group 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 OFX Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current OFX Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OFX Group lagged returns against current returns
Autocorrelation, which is OFX Group 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 OFX Group's pink sheet expected returns. We can calculate the autocorrelation of OFX Group returns to help us make a trade decision. For example, suppose you find that OFX Group 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 |
OFX Group 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 OFX Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFX Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFX Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OFX Group Lagged Returns
When evaluating OFX Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFX Group pink sheet have on its future price. OFX Group 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, OFX Group autocorrelation shows the relationship between OFX Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OFX Group Ltd.
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.Additional Tools for OFX Pink Sheet Analysis
When running OFX Group's price analysis, check to measure OFX Group'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 OFX Group is operating at the current time. Most of OFX Group's value examination focuses on studying past and present price action to predict the probability of OFX Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFX Group's price. Additionally, you may evaluate how the addition of OFX Group to your portfolios can decrease your overall portfolio volatility.