Oppein Home (China) Market Value
| 603833 Stock | 69.32 1.23 1.81% |
| Symbol | Oppein |
Oppein Home '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 Oppein Home'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 Oppein Home.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Oppein Home on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Oppein Home Group or generate 0.0% return on investment in Oppein Home over 90 days. Oppein Home is related to or competes with INKON Life, Sinofibers Technology, HUAQIN TECHNOLOGY, Keli Sensing, Longshine Technology, Jiang Su, and Sinocelltech. Oppein Home is entity of China. It is traded as Stock on SHG exchange. More
Oppein Home 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 Oppein Home'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 Oppein Home Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.23 |
Oppein Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppein Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppein Home's standard deviation. In reality, there are many statistical measures that can use Oppein Home historical prices to predict the future Oppein Home's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.2318 | |||
| Treynor Ratio | 1.61 |
Oppein Home Group Backtested Returns
Oppein Home Group maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Oppein Home Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppein Home's Risk Adjusted Performance of (0.02), variance of 7.22, and Coefficient Of Variation of (2,839) to confirm the risk estimate we provide. The company holds a Beta of -0.065, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppein Home are expected to decrease at a much lower rate. During the bear market, Oppein Home is likely to outperform the market. At this point, Oppein Home Group has a negative expected return of -0.0054%. Please make sure to check Oppein Home's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Oppein Home Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Oppein Home Group has poor reverse predictability. Overlapping area represents the amount of predictability between Oppein Home 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 Oppein Home Group price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Oppein Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 4.09 |
Oppein Home Group lagged returns against current returns
Autocorrelation, which is Oppein Home 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 Oppein Home's stock expected returns. We can calculate the autocorrelation of Oppein Home returns to help us make a trade decision. For example, suppose you find that Oppein Home 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 |
Oppein Home 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 Oppein Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppein Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppein Home stock over time.
Current vs Lagged Prices |
| Timeline |
Oppein Home Lagged Returns
When evaluating Oppein Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppein Home stock have on its future price. Oppein Home 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, Oppein Home autocorrelation shows the relationship between Oppein Home stock current value and its past values and can show if there is a momentum factor associated with investing in Oppein Home Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Oppein Stock
Oppein Home financial ratios help investors to determine whether Oppein 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 Oppein with respect to the benefits of owning Oppein Home security.