Observe Medical (Norway) Market Value
| OBSRV Stock | NOK 0.40 0.01 2.56% |
| Symbol | Observe |
Observe Medical '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 Observe Medical'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 Observe Medical.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Observe Medical on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Observe Medical Asa or generate 0.0% return on investment in Observe Medical over 90 days. Observe Medical is related to or competes with Medistim ASA, Lifecare, Kongsberg Gruppen, Napatech, Elkem ASA, and Scatec Solar. Observe Medical ASA develops and markets medical technology products for patients, healthcare professionals, and hospita... More
Observe Medical 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 Observe Medical'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 Observe Medical Asa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.34 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 43.05 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 9.38 |
Observe Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Observe Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Observe Medical's standard deviation. In reality, there are many statistical measures that can use Observe Medical historical prices to predict the future Observe Medical's volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.2386 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0371 | |||
| Treynor Ratio | 0.3611 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Observe Medical'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.
Observe Medical Asa Backtested Returns
Observe Medical appears to be out of control, given 3 months investment horizon. Observe Medical Asa maintains Sharpe Ratio (i.e., Efficiency) of 0.0301, which implies the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Observe Medical Asa, which you can use to evaluate the volatility of the company. Please evaluate Observe Medical's Coefficient Of Variation of 1828.07, risk adjusted performance of 0.0484, and Semi Deviation of 4.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Observe Medical holds a performance score of 2. The company holds a Beta of 0.97, which implies possible diversification benefits within a given portfolio. Observe Medical returns are very sensitive to returns on the market. As the market goes up or down, Observe Medical is expected to follow. Please check Observe Medical's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Observe Medical's historical price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Observe Medical Asa has poor reverse predictability. Overlapping area represents the amount of predictability between Observe Medical time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Observe Medical Asa price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Observe Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Observe Medical Asa lagged returns against current returns
Autocorrelation, which is Observe Medical 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 Observe Medical's stock expected returns. We can calculate the autocorrelation of Observe Medical returns to help us make a trade decision. For example, suppose you find that Observe Medical 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 |
Observe Medical 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 Observe Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Observe Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Observe Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Observe Medical Lagged Returns
When evaluating Observe Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Observe Medical stock have on its future price. Observe Medical 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, Observe Medical autocorrelation shows the relationship between Observe Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Observe Medical Asa.
Regressed Prices |
| Timeline |
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Observe Medical financial ratios help investors to determine whether Observe 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 Observe with respect to the benefits of owning Observe Medical security.