Omv Ag Pk Stock Market Value
| OMVKY Stock | USD 11.77 0.07 0.60% |
| Symbol | OMV |
OMV AG '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 OMV AG'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 OMV AG.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in OMV AG on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding OMV AG PK or generate 0.0% return on investment in OMV AG over 30 days. OMV AG is related to or competes with Equinor ASA, TotalEnergies, Ecopetrol, National Fuel, and Transportadora. OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, New Zealand, th... More
OMV AG 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 OMV AG'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 OMV AG PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0615 | |||
| Maximum Drawdown | 5.95 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.22 |
OMV AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMV AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMV AG's standard deviation. In reality, there are many statistical measures that can use OMV AG historical prices to predict the future OMV AG's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.1275 | |||
| Total Risk Alpha | 0.0349 | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | (0.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OMV AG'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.
OMV AG PK Backtested Returns
We consider OMV AG not too volatile. OMV AG PK maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for OMV AG PK, which you can use to evaluate the volatility of the company. Please check OMV AG's Risk Adjusted Performance of 0.0741, semi deviation of 1.08, and Market Risk Adjusted Performance of (0.56) to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. OMV AG has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OMV AG are expected to decrease at a much lower rate. During the bear market, OMV AG is likely to outperform the market. OMV AG PK presently holds a risk of 1.07%. Please check OMV AG PK semi variance, as well as the relationship between the rate of daily change and relative strength index , to decide if OMV AG PK will be following its historical price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
OMV AG PK has poor reverse predictability. Overlapping area represents the amount of predictability between OMV AG time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 OMV AG PK price movement. The serial correlation of -0.36 indicates that just about 36.0% of current OMV AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
OMV AG PK lagged returns against current returns
Autocorrelation, which is OMV AG 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 OMV AG's pink sheet expected returns. We can calculate the autocorrelation of OMV AG returns to help us make a trade decision. For example, suppose you find that OMV AG 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 |
OMV AG 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 OMV AG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMV AG pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMV AG pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OMV AG Lagged Returns
When evaluating OMV AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMV AG pink sheet have on its future price. OMV AG 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, OMV AG autocorrelation shows the relationship between OMV AG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OMV AG PK.
Regressed Prices |
| Timeline |
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Complementary Tools for OMV Pink Sheet analysis
When running OMV AG's price analysis, check to measure OMV AG'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 OMV AG is operating at the current time. Most of OMV AG's value examination focuses on studying past and present price action to predict the probability of OMV AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OMV AG's price. Additionally, you may evaluate how the addition of OMV AG to your portfolios can decrease your overall portfolio volatility.
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OMV AG technical pink sheet 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, pink sheet market cycles, or different charting patterns.