Odyssean Investment (Germany) Market Value
| 2HZ Stock | EUR 1.81 0.02 1.12% |
| Symbol | Odyssean |
Odyssean Investment '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 Odyssean Investment'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 Odyssean Investment.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Odyssean Investment on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssean Investment Trust or generate 0.0% return on investment in Odyssean Investment over 90 days. Odyssean Investment is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Odyssean Investment 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 Odyssean Investment'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 Odyssean Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.27 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.64 |
Odyssean Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssean Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssean Investment's standard deviation. In reality, there are many statistical measures that can use Odyssean Investment historical prices to predict the future Odyssean Investment's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.18) |
Odyssean Investment Trust Backtested Returns
Odyssean Investment Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0968, which implies the firm had a -0.0968% return per unit of risk over the last 3 months. Odyssean Investment Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odyssean Investment's Variance of 2.07, coefficient of variation of (922.51), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Odyssean Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Odyssean Investment is expected to be smaller as well. At this point, Odyssean Investment Trust has a negative expected return of -0.14%. Please make sure to check Odyssean Investment's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Odyssean Investment Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Odyssean Investment Trust has weak predictability. Overlapping area represents the amount of predictability between Odyssean Investment time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th of December 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 Odyssean Investment Trust price movement. The serial correlation of 0.24 indicates that over 24.0% of current Odyssean Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Odyssean Investment Trust lagged returns against current returns
Autocorrelation, which is Odyssean Investment 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 Odyssean Investment's stock expected returns. We can calculate the autocorrelation of Odyssean Investment returns to help us make a trade decision. For example, suppose you find that Odyssean Investment 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 |
Odyssean Investment 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 Odyssean Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssean Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssean Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Odyssean Investment Lagged Returns
When evaluating Odyssean Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssean Investment stock have on its future price. Odyssean Investment 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, Odyssean Investment autocorrelation shows the relationship between Odyssean Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Odyssean Investment Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Odyssean Stock
Odyssean Investment financial ratios help investors to determine whether Odyssean Stock 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 Odyssean with respect to the benefits of owning Odyssean Investment security.