Odyssee Technologies (France) Market Value
| ALODY Stock | 14.85 0.35 2.41% |
| Symbol | Odyssee |
Odyssee Technologies '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 Odyssee Technologies' 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 Odyssee Technologies.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Odyssee Technologies on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssee Technologies SA or generate 0.0% return on investment in Odyssee Technologies over 60 days.
Odyssee Technologies 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 Odyssee Technologies' 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 Odyssee Technologies SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (10.26) | |||
| Potential Upside | 5.29 |
Odyssee Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssee Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssee Technologies' standard deviation. In reality, there are many statistical measures that can use Odyssee Technologies historical prices to predict the future Odyssee Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Odyssee Technologies' 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.
Odyssee Technologies Backtested Returns
Odyssee Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0803, which implies the firm had a -0.0803% return per unit of risk over the last 3 months. Odyssee Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odyssee Technologies' Variance of 13.11, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,245) to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Odyssee Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Odyssee Technologies is expected to be smaller as well. At this point, Odyssee Technologies has a negative expected return of -0.29%. Please make sure to check Odyssee Technologies' value at risk and rate of daily change , to decide if Odyssee Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Odyssee Technologies SA has no correlation between past and present. Overlapping area represents the amount of predictability between Odyssee Technologies time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Odyssee Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Odyssee Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Odyssee Technologies lagged returns against current returns
Autocorrelation, which is Odyssee Technologies 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 Odyssee Technologies' stock expected returns. We can calculate the autocorrelation of Odyssee Technologies returns to help us make a trade decision. For example, suppose you find that Odyssee Technologies 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 |
Odyssee Technologies 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 Odyssee Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssee Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssee Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Odyssee Technologies Lagged Returns
When evaluating Odyssee Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssee Technologies stock have on its future price. Odyssee Technologies 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, Odyssee Technologies autocorrelation shows the relationship between Odyssee Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Odyssee Technologies SA.
Regressed Prices |
| Timeline |
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Additional Tools for Odyssee Stock Analysis
When running Odyssee Technologies' price analysis, check to measure Odyssee Technologies' 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 Odyssee Technologies is operating at the current time. Most of Odyssee Technologies' value examination focuses on studying past and present price action to predict the probability of Odyssee Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssee Technologies' price. Additionally, you may evaluate how the addition of Odyssee Technologies to your portfolios can decrease your overall portfolio volatility.