OBX Consumer's market value is the price at which a share of OBX Consumer trades on a public exchange. It measures the collective expectations of OBX Consumer Staples investors about its performance. OBX Consumer is enlisted at 3606.09 as of the 18th of March 2025; that is 0.71 percent up since the beginning of the trading day. The index's open price was 3580.66. With this module, you can estimate the performance of a buy and hold strategy of OBX Consumer Staples and determine expected loss or profit from investing in OBX Consumer over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
OBX
OBX Consumer '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 OBX Consumer's index 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 OBX Consumer.
0.00
12/18/2024
No Change 0.00
0.0
In 2 months and 31 days
03/18/2025
0.00
If you would invest 0.00 in OBX Consumer on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding OBX Consumer Staples or generate 0.0% return on investment in OBX Consumer over 90 days.
OBX Consumer 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 OBX Consumer's index 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 OBX Consumer Staples upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for OBX Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OBX Consumer's standard deviation. In reality, there are many statistical measures that can use OBX Consumer historical prices to predict the future OBX Consumer's volatility.
OBX Consumer Staples maintains Sharpe Ratio (i.e., Efficiency) of 0.0226, which implies the index had a 0.0226 % return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for OBX Consumer Staples, which you can use to evaluate the volatility of the entity. The entity holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and OBX Consumer are completely uncorrelated.
Auto-correlation
-0.89
Excellent reverse predictability
OBX Consumer Staples has excellent reverse predictability. Overlapping area represents the amount of predictability between OBX Consumer time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 OBX Consumer Staples price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current OBX Consumer price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.89
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
10.1 K
OBX Consumer Staples lagged returns against current returns
Autocorrelation, which is OBX Consumer index'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 OBX Consumer's index expected returns. We can calculate the autocorrelation of OBX Consumer returns to help us make a trade decision. For example, suppose you find that OBX Consumer has exhibited high autocorrelation historically, and you observe that the index 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
OBX Consumer 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 OBX Consumer index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OBX Consumer index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OBX Consumer index over time.
Current vs Lagged Prices
Timeline
OBX Consumer Lagged Returns
When evaluating OBX Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OBX Consumer index have on its future price. OBX Consumer 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, OBX Consumer autocorrelation shows the relationship between OBX Consumer index current value and its past values and can show if there is a momentum factor associated with investing in OBX Consumer Staples.
Regressed Prices
Timeline
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.