Optronics Technologies (Greece) Market Value
| OPTRON Stock | EUR 1.38 0.10 6.76% |
| Symbol | Optronics |
Optronics Technologies '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 Optronics Technologies' 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 Optronics Technologies.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Optronics Technologies on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Optronics Technologies SA or generate 0.0% return on investment in Optronics Technologies over 30 days. Optronics Technologies is related to or competes with General Commercial, Interlife General, Piraeus Financial, Bank of Greece, CPI Computer, and Eurobank Ergasias. Optronics Technologies S.A. provides services in the fiber optics, optoelectronics, and laser applications markets in Gr... More
Optronics Technologies 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 Optronics Technologies' 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 Optronics Technologies SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.76 |
Optronics Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optronics Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optronics Technologies' standard deviation. In reality, there are many statistical measures that can use Optronics Technologies historical prices to predict the future Optronics Technologies' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 16.29 |
Optronics Technologies Backtested Returns
Optronics Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Optronics Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optronics Technologies' Coefficient Of Variation of (812.40), variance of 0.6917, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of -0.0069, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Optronics Technologies are expected to decrease at a much lower rate. During the bear market, Optronics Technologies is likely to outperform the market. At this point, Optronics Technologies has a negative expected return of -0.11%. Please make sure to check Optronics Technologies' total risk alpha and day median price , to decide if Optronics Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | Huge |
Perfect predictability
Optronics Technologies SA has perfect predictability. Overlapping area represents the amount of predictability between Optronics Technologies time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Optronics Technologies price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Optronics Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Optronics Technologies lagged returns against current returns
Autocorrelation, which is Optronics Technologies 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 Optronics Technologies' stock expected returns. We can calculate the autocorrelation of Optronics Technologies returns to help us make a trade decision. For example, suppose you find that Optronics Technologies 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 |
Optronics Technologies 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 Optronics Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optronics Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optronics Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Optronics Technologies Lagged Returns
When evaluating Optronics Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optronics Technologies stock have on its future price. Optronics Technologies 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, Optronics Technologies autocorrelation shows the relationship between Optronics Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Optronics Technologies SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Optronics Stock
Optronics Technologies financial ratios help investors to determine whether Optronics 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 Optronics with respect to the benefits of owning Optronics Technologies security.