OMNICOM GROUP INC Market Value
| 68217FAA0 | 94.81 3.83 3.88% |
| Symbol | OMNICOM |
OMNICOM '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 OMNICOM's bond 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 OMNICOM.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in OMNICOM on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding OMNICOM GROUP INC or generate 0.0% return on investment in OMNICOM over 30 days. OMNICOM is related to or competes with Dine Brands, Live Ventures, Starbucks, LGI Homes, Bassett Furniture, JBG SMITH, and RCI Hospitality. More
OMNICOM 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 OMNICOM's bond 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 OMNICOM GROUP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.3745 |
OMNICOM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMNICOM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMNICOM's standard deviation. In reality, there are many statistical measures that can use OMNICOM historical prices to predict the future OMNICOM's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 2.07 |
OMNICOM GROUP INC Backtested Returns
At this point, OMNICOM is very steady. OMNICOM GROUP INC maintains Sharpe Ratio (i.e., Efficiency) of 0.0023, which implies the entity had a 0.0023% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for OMNICOM GROUP INC, which you can use to evaluate the volatility of the bond. Please check OMNICOM's risk adjusted performance of (0.08), and Coefficient Of Variation of (910.60) to confirm if the risk estimate we provide is consistent with the expected return of 0.0017%. The bond holds a Beta of -0.0351, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OMNICOM are expected to decrease at a much lower rate. During the bear market, OMNICOM is likely to outperform the market.
Auto-correlation | -0.13 |
Insignificant reverse predictability
OMNICOM GROUP INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between OMNICOM time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 OMNICOM GROUP INC price movement. The serial correlation of -0.13 indicates that less than 13.0% of current OMNICOM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
OMNICOM GROUP INC lagged returns against current returns
Autocorrelation, which is OMNICOM bond'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 OMNICOM's bond expected returns. We can calculate the autocorrelation of OMNICOM returns to help us make a trade decision. For example, suppose you find that OMNICOM has exhibited high autocorrelation historically, and you observe that the bond 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 |
OMNICOM 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 OMNICOM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMNICOM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMNICOM bond over time.
Current vs Lagged Prices |
| Timeline |
OMNICOM Lagged Returns
When evaluating OMNICOM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMNICOM bond have on its future price. OMNICOM 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, OMNICOM autocorrelation shows the relationship between OMNICOM bond current value and its past values and can show if there is a momentum factor associated with investing in OMNICOM GROUP INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in OMNICOM Bond
OMNICOM financial ratios help investors to determine whether OMNICOM Bond 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 OMNICOM with respect to the benefits of owning OMNICOM security.