Omnicom (UK) Market Value
| 0KBK Stock | 92.41 1.45 1.54% |
| 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 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 Omnicom.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Omnicom on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Omnicom Group or generate 0.0% return on investment in Omnicom over 720 days. Omnicom is related to or competes with Herald Investment, Impax Environmental, Schroders Investment, Monks Investment, Beeks Trading, Odyssean Investment, and Intuitive Investments. Omnicom is entity of United Kingdom. It is traded as Stock on LSE exchange. 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 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 Omnicom Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.0 |
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 | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.16) |
Omnicom Group Backtested Returns
Omnicom Group maintains Sharpe Ratio (i.e., Efficiency) of -0.05, which implies the firm had a -0.05% return per unit of risk over the last 3 months. Omnicom Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omnicom's Coefficient Of Variation of (3,125), risk adjusted performance of (0.02), and Variance of 3.39 to confirm the risk estimate we provide. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Omnicom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Omnicom is expected to be smaller as well. At this point, Omnicom Group has a negative expected return of -0.0918%. Please make sure to check Omnicom's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Omnicom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Omnicom Group has good reverse predictability. Overlapping area represents the amount of predictability between Omnicom time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Omnicom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 35.65 |
Omnicom Group lagged returns against current returns
Autocorrelation, which is Omnicom 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 Omnicom's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omnicom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omnicom stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Omnicom Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Omnicom Stock Analysis
When running Omnicom's price analysis, check to measure Omnicom's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Omnicom is operating at the current time. Most of Omnicom's value examination focuses on studying past and present price action to predict the probability of Omnicom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omnicom's price. Additionally, you may evaluate how the addition of Omnicom to your portfolios can decrease your overall portfolio volatility.