Octodec (South Africa) Market Value
| OCT Stock | 1,165 15.00 1.30% |
| Symbol | Octodec |
Octodec '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 Octodec'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 Octodec.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Octodec on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Octodec or generate 0.0% return on investment in Octodec over 30 days. Octodec is related to or competes with Growthpoint Properties, Fortress Income, Dipula Income, Safari Investments. More
Octodec 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 Octodec'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 Octodec upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.25 |
Octodec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Octodec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Octodec's standard deviation. In reality, there are many statistical measures that can use Octodec historical prices to predict the future Octodec's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.76) |
Octodec Backtested Returns
Octodec maintains Sharpe Ratio (i.e., Efficiency) of -0.0533, which implies the firm had a -0.0533% return per unit of risk over the last 3 months. Octodec exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Octodec's Coefficient Of Variation of (4,408), variance of 2.22, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.0579, which implies not very significant fluctuations relative to the market. As returns on the market increase, Octodec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Octodec is expected to be smaller as well. At this point, Octodec has a negative expected return of -0.074%. Please make sure to check Octodec's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Octodec performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Octodec has near perfect reversele predictability. Overlapping area represents the amount of predictability between Octodec time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Octodec price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Octodec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 475.74 |
Octodec lagged returns against current returns
Autocorrelation, which is Octodec 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 Octodec's stock expected returns. We can calculate the autocorrelation of Octodec returns to help us make a trade decision. For example, suppose you find that Octodec 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 |
Octodec 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 Octodec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Octodec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Octodec stock over time.
Current vs Lagged Prices |
| Timeline |
Octodec Lagged Returns
When evaluating Octodec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Octodec stock have on its future price. Octodec 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, Octodec autocorrelation shows the relationship between Octodec stock current value and its past values and can show if there is a momentum factor associated with investing in Octodec.
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.Other Information on Investing in Octodec Stock
Octodec financial ratios help investors to determine whether Octodec 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 Octodec with respect to the benefits of owning Octodec security.