OAKRIDGE INTERNATIONAL's market value is the price at which a share of OAKRIDGE INTERNATIONAL trades on a public exchange. It measures the collective expectations of OAKRIDGE INTERNATIONAL investors about its performance. OAKRIDGE INTERNATIONAL is trading at 0.029 as of the 8th of January 2025. This is a 3.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.029. With this module, you can estimate the performance of a buy and hold strategy of OAKRIDGE INTERNATIONAL and determine expected loss or profit from investing in OAKRIDGE INTERNATIONAL over a given investment horizon. Check out OAKRIDGE INTERNATIONAL Correlation, OAKRIDGE INTERNATIONAL Volatility and OAKRIDGE INTERNATIONAL Alpha and Beta module to complement your research on OAKRIDGE INTERNATIONAL.
Please note, there is a significant difference between OAKRIDGE INTERNATIONAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if OAKRIDGE INTERNATIONAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OAKRIDGE INTERNATIONAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in OAKRIDGE INTERNATIONAL on December 9, 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 Playa Hotels, Hollywood Bowl, Townsquare Media, and RCS MediaGroup. 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.
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.
OAKRIDGE INTERNATIONAL appears to be out of control, given 3 months investment horizon. OAKRIDGE INTERNATIONAL maintains Sharpe Ratio (i.e., Efficiency) of 0.0698, which implies the company had a 0.0698% 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 1431.69, and Market Risk Adjusted Performance of (1.07) 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 -0.68, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OAKRIDGE INTERNATIONAL are expected to decrease at a much lower rate. During the bear market, OAKRIDGE INTERNATIONAL is likely to outperform the market. 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
0.38
Below average predictability
OAKRIDGE INTERNATIONAL has below average predictability. Overlapping area represents the amount of predictability between OAKRIDGE INTERNATIONAL time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 OAKRIDGE INTERNATIONAL price movement. The serial correlation of 0.38 indicates that just about 38.0% of current OAKRIDGE INTERNATIONAL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.38
Spearman Rank Test
0.0
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.
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.