Oji Holdings (Germany) Market Value
| OJI Stock | EUR 3.84 0.30 8.47% |
| Symbol | Oji |
Oji Holdings '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 Oji Holdings' 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 Oji Holdings.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Oji Holdings on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Oji Holdings or generate 0.0% return on investment in Oji Holdings over 30 days. Oji Holdings is related to or competes with FEMALE HEALTH, Caseys General, PICKN PAY, Burlington Stores, CVS Health, and BJs Wholesale. Oji Holdings Corporation, together with its subsidiaries, engages in the pulp and paper business Japan and international... More
Oji Holdings 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 Oji Holdings' 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 Oji Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.27 |
Oji Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oji Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oji Holdings' standard deviation. In reality, there are many statistical measures that can use Oji Holdings historical prices to predict the future Oji Holdings' volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.1049 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.007 | |||
| Treynor Ratio | (1.68) |
Oji Holdings Backtested Returns
Oji Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0094, which implies the firm had a -0.0094% return per unit of risk over the last 3 months. Oji Holdings exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oji Holdings' Coefficient Of Variation of 1425.08, semi deviation of 0.986, and Risk Adjusted Performance of 0.0562 to confirm the risk estimate we provide. The company holds a Beta of -0.0594, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oji Holdings are expected to decrease at a much lower rate. During the bear market, Oji Holdings is likely to outperform the market. At this point, Oji Holdings has a negative expected return of -0.0172%. Please make sure to check Oji Holdings' treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to decide if Oji Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Oji Holdings has below average predictability. Overlapping area represents the amount of predictability between Oji Holdings time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Oji Holdings price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Oji Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Oji Holdings lagged returns against current returns
Autocorrelation, which is Oji Holdings 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 Oji Holdings' stock expected returns. We can calculate the autocorrelation of Oji Holdings returns to help us make a trade decision. For example, suppose you find that Oji Holdings 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 |
Oji Holdings 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 Oji Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oji Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oji Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Oji Holdings Lagged Returns
When evaluating Oji Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oji Holdings stock have on its future price. Oji Holdings 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, Oji Holdings autocorrelation shows the relationship between Oji Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Oji Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Oji Stock
Oji Holdings financial ratios help investors to determine whether Oji 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 Oji with respect to the benefits of owning Oji Holdings security.