Otto Energy (Australia) Market Value
| OEL Stock | 0.01 0 9.09% |
| Symbol | Otto |
Otto Energy '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 Otto Energy'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 Otto Energy.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Otto Energy on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Otto Energy or generate 0.0% return on investment in Otto Energy over 720 days. Otto Energy is related to or competes with Auctus Alternative, Cleanaway Waste, Dicker Data, Argo Investments, Flagship Investments, Arc Funds, and Djerriwarrh Investments. More
Otto Energy 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 Otto Energy'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 Otto Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 33.57 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Otto Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otto Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otto Energy's standard deviation. In reality, there are many statistical measures that can use Otto Energy historical prices to predict the future Otto Energy's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.09) |
Otto Energy Backtested Returns
Otto Energy maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Otto Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Otto Energy's Coefficient Of Variation of (12,943), variance of 45.52, and Risk Adjusted Performance of 0.0023 to confirm the risk estimate we provide. The company holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Otto Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otto Energy is expected to be smaller as well. At this point, Otto Energy has a negative expected return of -0.0521%. Please make sure to check Otto Energy's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Otto Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Otto Energy has good reverse predictability. Overlapping area represents the amount of predictability between Otto Energy time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st 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 Otto Energy price movement. The serial correlation of -0.53 indicates that about 53.0% of current Otto Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Otto Energy lagged returns against current returns
Autocorrelation, which is Otto Energy 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 Otto Energy's stock expected returns. We can calculate the autocorrelation of Otto Energy returns to help us make a trade decision. For example, suppose you find that Otto Energy 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 |
Otto Energy 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 Otto Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otto Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otto Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Otto Energy Lagged Returns
When evaluating Otto Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otto Energy stock have on its future price. Otto Energy 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, Otto Energy autocorrelation shows the relationship between Otto Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Otto Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Otto Stock Analysis
When running Otto Energy's price analysis, check to measure Otto Energy's 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 Otto Energy is operating at the current time. Most of Otto Energy's value examination focuses on studying past and present price action to predict the probability of Otto Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otto Energy's price. Additionally, you may evaluate how the addition of Otto Energy to your portfolios can decrease your overall portfolio volatility.