Otovo AS (Norway) Market Value
| OTOVO Stock | NOK 1.59 0.17 11.97% |
| Symbol | Otovo |
Otovo AS '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 Otovo AS'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 Otovo AS.
| 02/14/2025 |
| 03/16/2025 |
If you would invest 0.00 in Otovo AS on February 14, 2025 and sell it all today you would earn a total of 0.00 from holding Otovo AS or generate 0.0% return on investment in Otovo AS over 30 days. Otovo AS is related to or competes with Pareto Bank, Proximar Seafood, Austevoll Seafood, Sparebank, Aurskog Sparebank, Norwegian Air, and Kraft Bank. Otovo AS develops and supplies solar cells for private and corporate customers in Norway, Sweden, and Italy More
Otovo AS 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 Otovo AS'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 Otovo AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.29 | |||
| Information Ratio | 0.1001 | |||
| Maximum Drawdown | 116.76 | |||
| Value At Risk | (6.04) | |||
| Potential Upside | 11.49 |
Otovo AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otovo AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otovo AS's standard deviation. In reality, there are many statistical measures that can use Otovo AS historical prices to predict the future Otovo AS's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.9761 | |||
| Total Risk Alpha | 2.96 | |||
| Sortino Ratio | 0.2578 | |||
| Treynor Ratio | (0.49) |
Otovo AS Backtested Returns
Otovo AS is out of control given 3 months investment horizon. Otovo AS maintains Sharpe Ratio (i.e., Efficiency) of 0.0987, which implies the firm had a 0.0987 % return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.4% are justified by taking the suggested risk. Use Otovo AS Semi Deviation of 4.12, risk adjusted performance of 0.0902, and Coefficient Of Variation of 1077.37 to evaluate company specific risk that cannot be diversified away. Otovo AS holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of -2.56, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Otovo AS are expected to decrease by larger amounts. On the other hand, during market turmoil, Otovo AS is expected to outperform it. Use Otovo AS potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Otovo AS.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Otovo AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Otovo AS time series from 14th of February 2025 to 1st of March 2025 and 1st of March 2025 to 16th 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 Otovo AS price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Otovo AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Otovo AS lagged returns against current returns
Autocorrelation, which is Otovo AS 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 Otovo AS's stock expected returns. We can calculate the autocorrelation of Otovo AS returns to help us make a trade decision. For example, suppose you find that Otovo AS 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 |
Otovo AS 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 Otovo AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otovo AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otovo AS stock over time.
Current vs Lagged Prices |
| Timeline |
Otovo AS Lagged Returns
When evaluating Otovo AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otovo AS stock have on its future price. Otovo AS 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, Otovo AS autocorrelation shows the relationship between Otovo AS stock current value and its past values and can show if there is a momentum factor associated with investing in Otovo AS.
Regressed Prices |
| Timeline |
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Otovo AS financial ratios help investors to determine whether Otovo 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 Otovo with respect to the benefits of owning Otovo AS security.