Ono Pharmaceutical Co Stock Market Value
| OPHLF Stock | USD 12.50 1.20 10.62% |
| Symbol | Ono |
Ono Pharmaceutical '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 Ono Pharmaceutical'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 Ono Pharmaceutical.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Ono Pharmaceutical on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ono Pharmaceutical Co or generate 0.0% return on investment in Ono Pharmaceutical over 30 days. Ono Pharmaceutical is related to or competes with Sanofi ADR, Bristol Myers, AstraZeneca PLC, Gilead Sciences, and Novartis. Ono Pharmaceutical Co., Ltd., together with its subsidiaries, produces, purchases, and sells pharmaceuticals and diagnos... More
Ono Pharmaceutical 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 Ono Pharmaceutical'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 Ono Pharmaceutical Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 27.1 | |||
| Value At Risk | (10.43) | |||
| Potential Upside | 10.62 |
Ono Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ono Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ono Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Ono Pharmaceutical historical prices to predict the future Ono Pharmaceutical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | (0.66) |
Ono Pharmaceutical Backtested Returns
At this point, Ono Pharmaceutical is moderately volatile. Ono Pharmaceutical maintains Sharpe Ratio (i.e., Efficiency) of 0.0063, which implies the firm had a 0.0063% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Ono Pharmaceutical, which you can use to evaluate the volatility of the company. Please check Ono Pharmaceutical's Coefficient Of Variation of (2,027), variance of 37.87, and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 0.0511%. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ono Pharmaceutical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ono Pharmaceutical is expected to be smaller as well. Ono Pharmaceutical right now holds a risk of 8.1%. Please check Ono Pharmaceutical skewness, as well as the relationship between the day median price and relative strength index , to decide if Ono Pharmaceutical will be following its historical price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Ono Pharmaceutical Co has very good reverse predictability. Overlapping area represents the amount of predictability between Ono Pharmaceutical time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Ono Pharmaceutical price movement. The serial correlation of -0.68 indicates that around 68.0% of current Ono Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Ono Pharmaceutical lagged returns against current returns
Autocorrelation, which is Ono Pharmaceutical 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 Ono Pharmaceutical's pink sheet expected returns. We can calculate the autocorrelation of Ono Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Ono Pharmaceutical 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 |
| Timeline |
Ono Pharmaceutical 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 Ono Pharmaceutical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ono Pharmaceutical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ono Pharmaceutical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ono Pharmaceutical Lagged Returns
When evaluating Ono Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ono Pharmaceutical pink sheet have on its future price. Ono Pharmaceutical 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, Ono Pharmaceutical autocorrelation shows the relationship between Ono Pharmaceutical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ono Pharmaceutical Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ono Pink Sheet
Ono Pharmaceutical financial ratios help investors to determine whether Ono 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 Ono with respect to the benefits of owning Ono Pharmaceutical security.