Omesti Bhd's market value is the price at which a share of Omesti Bhd trades on a public exchange. It measures the collective expectations of Omesti Bhd investors about its performance. Omesti Bhd is selling for 0.16 as of the 22nd of December 2024. This is a 14.29 percent increase since the beginning of the trading day. The stock's lowest day price was 0.14. With this module, you can estimate the performance of a buy and hold strategy of Omesti Bhd and determine expected loss or profit from investing in Omesti Bhd over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Omesti
Omesti Bhd '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 Omesti Bhd'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 Omesti Bhd.
0.00
10/23/2024
No Change 0.00
0.0
In 2 months and 2 days
12/22/2024
0.00
If you would invest 0.00 in Omesti Bhd on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Omesti Bhd or generate 0.0% return on investment in Omesti Bhd over 60 days.
Omesti Bhd 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 Omesti Bhd'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 Omesti Bhd 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 Omesti Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omesti Bhd's standard deviation. In reality, there are many statistical measures that can use Omesti Bhd historical prices to predict the future Omesti Bhd's volatility.
Omesti Bhd appears to be out of control, given 3 months investment horizon. Omesti Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.0634, which implies the firm had a 0.0634% return per unit of risk over the last 3 months. By analyzing Omesti Bhd's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please evaluate Omesti Bhd's Risk Adjusted Performance of 0.059, semi deviation of 5.51, and Coefficient Of Variation of 1588.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Omesti Bhd holds a performance score of 4. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Omesti Bhd are expected to decrease at a much lower rate. During the bear market, Omesti Bhd is likely to outperform the market. Please check Omesti Bhd's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Omesti Bhd's historical price patterns will revert.
Auto-correlation
-0.57
Good reverse predictability
Omesti Bhd has good reverse predictability. Overlapping area represents the amount of predictability between Omesti Bhd time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Omesti Bhd price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Omesti Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.57
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.0
Omesti Bhd lagged returns against current returns
Autocorrelation, which is Omesti Bhd 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 Omesti Bhd's stock expected returns. We can calculate the autocorrelation of Omesti Bhd returns to help us make a trade decision. For example, suppose you find that Omesti Bhd 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
Omesti Bhd 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 Omesti Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omesti Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omesti Bhd stock over time.
Current vs Lagged Prices
Timeline
Omesti Bhd Lagged Returns
When evaluating Omesti Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omesti Bhd stock have on its future price. Omesti Bhd 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, Omesti Bhd autocorrelation shows the relationship between Omesti Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Omesti Bhd.
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.