Ono Pharmaceutical Co Stock Market Value
| OPHLY Stock | USD 3.59 0.09 2.45% |
| 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.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Ono Pharmaceutical on November 14, 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 | (0.25) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.09 |
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 | (0.13) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 6.72 |
Ono Pharmaceutical Backtested Returns
Ono Pharmaceutical maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Ono Pharmaceutical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ono Pharmaceutical's Coefficient Of Variation of (529.04), risk adjusted performance of (0.13), and Variance of 2.61 to confirm the risk estimate we provide. The company holds a Beta of -0.0469, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ono Pharmaceutical are expected to decrease at a much lower rate. During the bear market, Ono Pharmaceutical is likely to outperform the market. At this point, Ono Pharmaceutical has a negative expected return of -0.32%. Please make sure to check Ono Pharmaceutical's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Ono Pharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Ono Pharmaceutical Co has weak predictability. Overlapping area represents the amount of predictability between Ono Pharmaceutical time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 0.24 indicates that over 24.0% of current Ono Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ono Pink Sheet Analysis
When running Ono Pharmaceutical's price analysis, check to measure Ono Pharmaceutical'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 Ono Pharmaceutical is operating at the current time. Most of Ono Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of Ono Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ono Pharmaceutical's price. Additionally, you may evaluate how the addition of Ono Pharmaceutical to your portfolios can decrease your overall portfolio volatility.