OAKRIDGE INTERNATIONAL (Germany) Market Value
| U9O0 Stock | EUR 0.03 0.0005 1.64% |
| Symbol | OAKRIDGE |
OAKRIDGE INTERNATIONAL '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 OAKRIDGE INTERNATIONAL'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 OAKRIDGE INTERNATIONAL.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in OAKRIDGE INTERNATIONAL on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding OAKRIDGE INTERNATIONAL or generate 0.0% return on investment in OAKRIDGE INTERNATIONAL over 30 days. OAKRIDGE INTERNATIONAL is related to or competes with Veeva Systems, 10X GENOMICS, Healthequity, Teladoc, Evolent Health, RLX TECH, and Ping An. Oakridge International Limited develops Internet of Things technology solutions for consumer, commercial, industrial, an... More
OAKRIDGE INTERNATIONAL 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 OAKRIDGE INTERNATIONAL'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 OAKRIDGE INTERNATIONAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.45 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 51.08 | |||
| Value At Risk | (18.03) | |||
| Potential Upside | 25.0 |
OAKRIDGE INTERNATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OAKRIDGE INTERNATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OAKRIDGE INTERNATIONAL's standard deviation. In reality, there are many statistical measures that can use OAKRIDGE INTERNATIONAL historical prices to predict the future OAKRIDGE INTERNATIONAL's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.6466 | |||
| Total Risk Alpha | 0.4544 | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | 0.1679 |
OAKRIDGE INTERNATIONAL Backtested Returns
OAKRIDGE INTERNATIONAL appears to be out of control, given 3 months investment horizon. OAKRIDGE INTERNATIONAL maintains Sharpe Ratio (i.e., Efficiency) of 0.0704, which implies the company had a 0.0704% return per unit of volatility over the last 3 months. By evaluating OAKRIDGE INTERNATIONAL's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate OAKRIDGE INTERNATIONAL's coefficient of variation of 1374.87, and Market Risk Adjusted Performance of 0.1779 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OAKRIDGE INTERNATIONAL holds a performance score of 5. The firm holds a Beta of 4.44, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OAKRIDGE INTERNATIONAL will likely underperform. Please check OAKRIDGE INTERNATIONAL's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether OAKRIDGE INTERNATIONAL's historical price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
OAKRIDGE INTERNATIONAL has very weak predictability. Overlapping area represents the amount of predictability between OAKRIDGE INTERNATIONAL time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 OAKRIDGE INTERNATIONAL price movement. The serial correlation of 0.16 indicates that over 16.0% of current OAKRIDGE INTERNATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OAKRIDGE INTERNATIONAL lagged returns against current returns
Autocorrelation, which is OAKRIDGE INTERNATIONAL 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 OAKRIDGE INTERNATIONAL's stock expected returns. We can calculate the autocorrelation of OAKRIDGE INTERNATIONAL returns to help us make a trade decision. For example, suppose you find that OAKRIDGE INTERNATIONAL 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 |
OAKRIDGE INTERNATIONAL 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 OAKRIDGE INTERNATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OAKRIDGE INTERNATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OAKRIDGE INTERNATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
OAKRIDGE INTERNATIONAL Lagged Returns
When evaluating OAKRIDGE INTERNATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OAKRIDGE INTERNATIONAL stock have on its future price. OAKRIDGE INTERNATIONAL 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, OAKRIDGE INTERNATIONAL autocorrelation shows the relationship between OAKRIDGE INTERNATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in OAKRIDGE INTERNATIONAL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OAKRIDGE Stock
OAKRIDGE INTERNATIONAL financial ratios help investors to determine whether OAKRIDGE 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 OAKRIDGE with respect to the benefits of owning OAKRIDGE INTERNATIONAL security.