Overstock (UK) Market Value
| 0KDU Stock | 5.52 0.09 1.60% |
| Symbol | Overstock |
Overstock '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 Overstock'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 Overstock.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Overstock on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Overstock or generate 0.0% return on investment in Overstock over 90 days. Overstock is related to or competes with Edita Food, Flow Traders, Vietnam Enterprise, Sligro Food, Jade Road, Indutrade, and Axfood AB. More
Overstock 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 Overstock'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 Overstock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.2 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 32.38 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 14.55 |
Overstock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overstock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overstock's standard deviation. In reality, there are many statistical measures that can use Overstock historical prices to predict the future Overstock's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.3125 | |||
| Total Risk Alpha | 1.26 | |||
| Sortino Ratio | 0.0933 | |||
| Treynor Ratio | (0.65) |
Overstock Backtested Returns
Overstock appears to be risky, given 3 months investment horizon. Overstock maintains Sharpe Ratio (i.e., Efficiency) of 0.0508, which implies the firm had a 0.0508 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Overstock, which you can use to evaluate the volatility of the company. Please evaluate Overstock's Risk Adjusted Performance of 0.0562, coefficient of variation of 1836.24, and Semi Deviation of 4.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Overstock holds a performance score of 4. The company holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Overstock are expected to decrease at a much lower rate. During the bear market, Overstock is likely to outperform the market. Please check Overstock's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Overstock's historical price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Overstock has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Overstock time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Overstock price movement. The serial correlation of -0.78 indicates that around 78.0% of current Overstock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Overstock lagged returns against current returns
Autocorrelation, which is Overstock 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 Overstock's stock expected returns. We can calculate the autocorrelation of Overstock returns to help us make a trade decision. For example, suppose you find that Overstock 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 |
Overstock 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 Overstock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Overstock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Overstock stock over time.
Current vs Lagged Prices |
| Timeline |
Overstock Lagged Returns
When evaluating Overstock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Overstock stock have on its future price. Overstock 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, Overstock autocorrelation shows the relationship between Overstock stock current value and its past values and can show if there is a momentum factor associated with investing in Overstock.
Regressed Prices |
| Timeline |
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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 Overstock Stock Analysis
When running Overstock's price analysis, check to measure Overstock'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 Overstock is operating at the current time. Most of Overstock's value examination focuses on studying past and present price action to predict the probability of Overstock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Overstock's price. Additionally, you may evaluate how the addition of Overstock to your portfolios can decrease your overall portfolio volatility.