Oneview Healthcare (Australia) Market Value
| ONE Stock | 0.32 0.01 3.03% |
| Symbol | Oneview |
Oneview Healthcare '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 Oneview Healthcare'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 Oneview Healthcare.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Oneview Healthcare on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Oneview Healthcare PLC or generate 0.0% return on investment in Oneview Healthcare over 180 days. Oneview Healthcare is related to or competes with National Australia, National Australia, Westpac Banking, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. Oneview Healthcare is entity of Australia More
Oneview Healthcare 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 Oneview Healthcare'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 Oneview Healthcare PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.88 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 3.45 |
Oneview Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oneview Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oneview Healthcare's standard deviation. In reality, there are many statistical measures that can use Oneview Healthcare historical prices to predict the future Oneview Healthcare's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 5.03 |
Oneview Healthcare PLC Backtested Returns
Oneview Healthcare PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.0902, which implies the firm had a -0.0902% return per unit of risk over the last 3 months. Oneview Healthcare PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oneview Healthcare's Variance of 10.13, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,108) to confirm the risk estimate we provide. The company holds a Beta of -0.0591, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oneview Healthcare are expected to decrease at a much lower rate. During the bear market, Oneview Healthcare is likely to outperform the market. At this point, Oneview Healthcare PLC has a negative expected return of -0.29%. Please make sure to check Oneview Healthcare's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Oneview Healthcare PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Oneview Healthcare PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Oneview Healthcare time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Oneview Healthcare PLC price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Oneview Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oneview Healthcare PLC lagged returns against current returns
Autocorrelation, which is Oneview Healthcare 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 Oneview Healthcare's stock expected returns. We can calculate the autocorrelation of Oneview Healthcare returns to help us make a trade decision. For example, suppose you find that Oneview Healthcare 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 |
Oneview Healthcare 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 Oneview Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oneview Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oneview Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Oneview Healthcare Lagged Returns
When evaluating Oneview Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oneview Healthcare stock have on its future price. Oneview Healthcare 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, Oneview Healthcare autocorrelation shows the relationship between Oneview Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Oneview Healthcare PLC.
Regressed Prices |
| Timeline |
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Additional Tools for Oneview Stock Analysis
When running Oneview Healthcare's price analysis, check to measure Oneview Healthcare'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 Oneview Healthcare is operating at the current time. Most of Oneview Healthcare's value examination focuses on studying past and present price action to predict the probability of Oneview Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oneview Healthcare's price. Additionally, you may evaluate how the addition of Oneview Healthcare to your portfolios can decrease your overall portfolio volatility.