Optiva Inc Stock Market Value
| RKNEF Stock | USD 4.50 0.00 0.00% |
| Symbol | Optiva |
Optiva '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 Optiva'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 Optiva.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Optiva on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Optiva Inc or generate 0.0% return on investment in Optiva over 30 days. Optiva is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Optiva Inc. provides cloud-native monetization and revenue management software to communication service providers in Eur... More
Optiva 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 Optiva'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 Optiva Inc upside and downside potential and time the market with a certain degree of confidence.
Optiva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optiva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optiva's standard deviation. In reality, there are many statistical measures that can use Optiva historical prices to predict the future Optiva's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optiva'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.
Optiva Inc Backtested Returns
We have found three technical indicators for Optiva Inc, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Optiva are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Optiva Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Optiva 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 Optiva Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Optiva 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 |
Optiva Inc lagged returns against current returns
Autocorrelation, which is Optiva 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 Optiva's pink sheet expected returns. We can calculate the autocorrelation of Optiva returns to help us make a trade decision. For example, suppose you find that Optiva 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 |
Optiva 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 Optiva pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optiva pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optiva pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Optiva Lagged Returns
When evaluating Optiva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optiva pink sheet have on its future price. Optiva 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, Optiva autocorrelation shows the relationship between Optiva pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Optiva Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Optiva Pink Sheet
Optiva financial ratios help investors to determine whether Optiva 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 Optiva with respect to the benefits of owning Optiva security.