Odfjell Technology (Norway) Market Value
| OTL Stock | 43.10 1.10 2.62% |
| Symbol | Odfjell |
Odfjell Technology '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 Odfjell Technology'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 Odfjell Technology.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Odfjell Technology on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Odfjell Technology or generate 0.0% return on investment in Odfjell Technology over 90 days. Odfjell Technology is related to or competes with Skue Sparebank, Pareto Bank, Kraft Bank, Tysnes Sparebank, Aasen Sparebank, Sparebanken Ost, and Jaeren Sparebank. More
Odfjell Technology 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 Odfjell Technology'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 Odfjell Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 16.72 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.31 |
Odfjell Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odfjell Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odfjell Technology's standard deviation. In reality, there are many statistical measures that can use Odfjell Technology historical prices to predict the future Odfjell Technology's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0018 | |||
| Total Risk Alpha | 0.2398 | |||
| Treynor Ratio | (0.11) |
Odfjell Technology Backtested Returns
Odfjell Technology maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Odfjell Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odfjell Technology's Risk Adjusted Performance of (0.01), variance of 6.09, and Coefficient Of Variation of (4,168) to confirm the risk estimate we provide. The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Odfjell Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Odfjell Technology is expected to be smaller as well. At this point, Odfjell Technology has a negative expected return of -0.0225%. Please make sure to check Odfjell Technology's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Odfjell Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Odfjell Technology has average predictability. Overlapping area represents the amount of predictability between Odfjell Technology time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Odfjell Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current Odfjell Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.98 |
Odfjell Technology lagged returns against current returns
Autocorrelation, which is Odfjell Technology 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 Odfjell Technology's stock expected returns. We can calculate the autocorrelation of Odfjell Technology returns to help us make a trade decision. For example, suppose you find that Odfjell Technology 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 |
Odfjell Technology 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 Odfjell Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odfjell Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odfjell Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Odfjell Technology Lagged Returns
When evaluating Odfjell Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odfjell Technology stock have on its future price. Odfjell Technology 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, Odfjell Technology autocorrelation shows the relationship between Odfjell Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Odfjell Technology.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Odfjell Stock
Odfjell Technology financial ratios help investors to determine whether Odfjell 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 Odfjell with respect to the benefits of owning Odfjell Technology security.