Olympia Financial Group Stock Market Value
| OLY Stock | CAD 107.00 0.65 0.61% |
| Symbol | Olympia |
Olympia Financial Price To Book Ratio
Olympia Financial '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 Olympia Financial'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 Olympia Financial.
| 06/18/2024 |
| 12/15/2024 |
If you would invest 0.00 in Olympia Financial on June 18, 2024 and sell it all today you would earn a total of 0.00 from holding Olympia Financial Group or generate 0.0% return on investment in Olympia Financial over 180 days. Olympia Financial is related to or competes with Berkshire Hathaway, E L, E L, Molson Coors, Fairfax Financial, Fairfax Financial, and Fairfax Financial. Olympia Financial Group Inc., through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust comp... More
Olympia Financial 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 Olympia Financial'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 Olympia Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.27 |
Olympia Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olympia Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olympia Financial's standard deviation. In reality, there are many statistical measures that can use Olympia Financial historical prices to predict the future Olympia Financial's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | 0.1363 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0416 | |||
| Treynor Ratio | (4.92) |
Olympia Financial Backtested Returns
As of now, Olympia Stock is very steady. Olympia Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.0749, which implies the firm had a 0.0749% return per unit of risk over the last 3 months. We have found thirty technical indicators for Olympia Financial, which you can use to evaluate the volatility of the company. Please check Olympia Financial's Coefficient Of Variation of 835.67, risk adjusted performance of 0.0907, and Semi Deviation of 0.8499 to confirm if the risk estimate we provide is consistent with the expected return of 0.0865%. Olympia Financial has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.0272, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Olympia Financial are expected to decrease at a much lower rate. During the bear market, Olympia Financial is likely to outperform the market. Olympia Financial right now holds a risk of 1.16%. Please check Olympia Financial kurtosis, and the relationship between the downside variance and day median price , to decide if Olympia Financial will be following its historical price patterns.
Auto-correlation | 0.72 |
Good predictability
Olympia Financial Group has good predictability. Overlapping area represents the amount of predictability between Olympia Financial time series from 18th of June 2024 to 16th of September 2024 and 16th of September 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 Olympia Financial price movement. The serial correlation of 0.72 indicates that around 72.0% of current Olympia Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 6.79 |
Olympia Financial lagged returns against current returns
Autocorrelation, which is Olympia Financial 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 Olympia Financial's stock expected returns. We can calculate the autocorrelation of Olympia Financial returns to help us make a trade decision. For example, suppose you find that Olympia Financial 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 |
Olympia Financial 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 Olympia Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olympia Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olympia Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Olympia Financial Lagged Returns
When evaluating Olympia Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olympia Financial stock have on its future price. Olympia Financial 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, Olympia Financial autocorrelation shows the relationship between Olympia Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Olympia Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with Olympia Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Olympia Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Olympia Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Olympia Stock
Moving against Olympia Stock
The ability to find closely correlated positions to Olympia Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympia Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Olympia Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Olympia Financial Group to buy it.
The correlation of Olympia Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olympia Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympia Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Olympia Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Olympia Stock
Olympia Financial financial ratios help investors to determine whether Olympia 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 Olympia with respect to the benefits of owning Olympia Financial security.