Omnicom (Germany) Market Value
| OCN Stock | EUR 82.66 1.14 1.36% |
| Symbol | Omnicom |
Omnicom '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 Omnicom'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 Omnicom.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Omnicom on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Omnicom Group or generate 0.0% return on investment in Omnicom over 180 days. Omnicom is related to or competes with Publicis Groupe, WPP PLC, WPP PLC, JCDecaux, CyberAgent, and Strer SE. Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications servic... More
Omnicom 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 Omnicom'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 Omnicom Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 2.48 |
Omnicom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omnicom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omnicom's standard deviation. In reality, there are many statistical measures that can use Omnicom historical prices to predict the future Omnicom's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.12) |
Omnicom Group Backtested Returns
Omnicom Group maintains Sharpe Ratio (i.e., Efficiency) of -0.06, which implies the firm had a -0.06% return per unit of risk over the last 3 months. Omnicom Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omnicom's Variance of 3.25, coefficient of variation of (1,850), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.89, which implies possible diversification benefits within a given portfolio. Omnicom returns are very sensitive to returns on the market. As the market goes up or down, Omnicom is expected to follow. At this point, Omnicom Group has a negative expected return of -0.11%. Please make sure to check Omnicom's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Omnicom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Omnicom Group has weak reverse predictability. Overlapping area represents the amount of predictability between Omnicom time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 Omnicom Group price movement. The serial correlation of -0.25 indicates that over 25.0% of current Omnicom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 16.49 |
Omnicom Group lagged returns against current returns
Autocorrelation, which is Omnicom 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 Omnicom's stock expected returns. We can calculate the autocorrelation of Omnicom returns to help us make a trade decision. For example, suppose you find that Omnicom 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 |
Omnicom 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 Omnicom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omnicom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omnicom stock over time.
Current vs Lagged Prices |
| Timeline |
Omnicom Lagged Returns
When evaluating Omnicom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omnicom stock have on its future price. Omnicom 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, Omnicom autocorrelation shows the relationship between Omnicom stock current value and its past values and can show if there is a momentum factor associated with investing in Omnicom Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Omnicom Stock
When determining whether Omnicom Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Omnicom's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Omnicom Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Omnicom Group Stock:Check out Omnicom Correlation, Omnicom Volatility and Omnicom Alpha and Beta module to complement your research on Omnicom. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Omnicom technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.