Oxford Nanopore Technologies Stock Market Value
| ONTTF Stock | USD 2.08 0.27 14.92% |
| Symbol | Oxford |
Oxford Nanopore '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 Oxford Nanopore's pink sheet 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 Oxford Nanopore.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Oxford Nanopore on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Oxford Nanopore Technologies or generate 0.0% return on investment in Oxford Nanopore over 180 days. Oxford Nanopore is related to or competes with Alpha Cognition, and Adagene. Oxford Nanopore Technologies plc develops and commercializes a technology platform using nanopore-based sensing for the ... More
Oxford Nanopore 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 Oxford Nanopore's pink sheet 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 Oxford Nanopore Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.88 | |||
| Information Ratio | 0.0715 | |||
| Maximum Drawdown | 22.16 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 12.03 |
Oxford Nanopore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oxford Nanopore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oxford Nanopore's standard deviation. In reality, there are many statistical measures that can use Oxford Nanopore historical prices to predict the future Oxford Nanopore's volatility.| Risk Adjusted Performance | 0.0819 | |||
| Jensen Alpha | 0.4647 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0828 | |||
| Treynor Ratio | 1.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oxford Nanopore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oxford Nanopore Tech Backtested Returns
Oxford Nanopore appears to be dangerous, given 3 months investment horizon. Oxford Nanopore Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.0963, which implies the firm had a 0.0963% return per unit of risk over the last 3 months. By analyzing Oxford Nanopore's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Oxford Nanopore's Semi Deviation of 3.97, coefficient of variation of 1044.12, and Risk Adjusted Performance of 0.0819 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oxford Nanopore holds a performance score of 7. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oxford Nanopore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oxford Nanopore is expected to be smaller as well. Please check Oxford Nanopore's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Oxford Nanopore's historical price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Oxford Nanopore Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Oxford Nanopore time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Oxford Nanopore Tech price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Oxford Nanopore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Oxford Nanopore Tech lagged returns against current returns
Autocorrelation, which is Oxford Nanopore pink sheet'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 Oxford Nanopore's pink sheet expected returns. We can calculate the autocorrelation of Oxford Nanopore returns to help us make a trade decision. For example, suppose you find that Oxford Nanopore has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Oxford Nanopore 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 Oxford Nanopore pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oxford Nanopore pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oxford Nanopore pink sheet over time.
Current vs Lagged Prices |
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Oxford Nanopore Lagged Returns
When evaluating Oxford Nanopore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oxford Nanopore pink sheet have on its future price. Oxford Nanopore 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, Oxford Nanopore autocorrelation shows the relationship between Oxford Nanopore pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Oxford Nanopore Technologies.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Oxford Pink Sheet
Oxford Nanopore financial ratios help investors to determine whether Oxford Pink Sheet 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 Oxford with respect to the benefits of owning Oxford Nanopore security.