OVERSEA CHINUNSPADR2 (Germany) Market Value
| OCBB Stock | EUR 23.00 0.40 1.71% |
| Symbol | OVERSEA |
OVERSEA CHINUNSPADR2 '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 OVERSEA CHINUNSPADR2'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 OVERSEA CHINUNSPADR2.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in OVERSEA CHINUNSPADR2 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding OVERSEA CHINUNSPADR2 or generate 0.0% return on investment in OVERSEA CHINUNSPADR2 over 60 days. OVERSEA CHINUNSPADR2 is related to or competes with POSBO UNSPADRS20YC1, Postal Savings, Truist Financial, Oversea Chinese, UNICREDIT SPA, and UTD OV. Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China... More
OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2'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 OVERSEA CHINUNSPADR2 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0994 | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.79 |
OVERSEA CHINUNSPADR2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OVERSEA CHINUNSPADR2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OVERSEA CHINUNSPADR2's standard deviation. In reality, there are many statistical measures that can use OVERSEA CHINUNSPADR2 historical prices to predict the future OVERSEA CHINUNSPADR2's volatility.| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | 0.113 | |||
| Total Risk Alpha | 0.0911 | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | 0.5108 |
OVERSEA CHINUNSPADR2 Backtested Returns
At this point, OVERSEA CHINUNSPADR2 is very steady. OVERSEA CHINUNSPADR2 maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for OVERSEA CHINUNSPADR2, which you can use to evaluate the volatility of the company. Please check OVERSEA CHINUNSPADR2's Semi Deviation of 0.5205, risk adjusted performance of 0.1069, and Mean Deviation of 0.656 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. OVERSEA CHINUNSPADR2 has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, OVERSEA CHINUNSPADR2's returns are expected to increase less than the market. However, during the bear market, the loss of holding OVERSEA CHINUNSPADR2 is expected to be smaller as well. OVERSEA CHINUNSPADR2 currently holds a risk of 0.96%. Please check OVERSEA CHINUNSPADR2 downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if OVERSEA CHINUNSPADR2 will be following its historical price patterns.
Auto-correlation | 0.80 |
Very good predictability
OVERSEA CHINUNSPADR2 has very good predictability. Overlapping area represents the amount of predictability between OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2 price movement. The serial correlation of 0.8 indicates that around 80.0% of current OVERSEA CHINUNSPADR2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
OVERSEA CHINUNSPADR2 lagged returns against current returns
Autocorrelation, which is OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2's stock expected returns. We can calculate the autocorrelation of OVERSEA CHINUNSPADR2 returns to help us make a trade decision. For example, suppose you find that OVERSEA CHINUNSPADR2 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 |
OVERSEA CHINUNSPADR2 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 OVERSEA CHINUNSPADR2 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OVERSEA CHINUNSPADR2 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OVERSEA CHINUNSPADR2 stock over time.
Current vs Lagged Prices |
| Timeline |
OVERSEA CHINUNSPADR2 Lagged Returns
When evaluating OVERSEA CHINUNSPADR2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OVERSEA CHINUNSPADR2 stock have on its future price. OVERSEA CHINUNSPADR2 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, OVERSEA CHINUNSPADR2 autocorrelation shows the relationship between OVERSEA CHINUNSPADR2 stock current value and its past values and can show if there is a momentum factor associated with investing in OVERSEA CHINUNSPADR2.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OVERSEA Stock
OVERSEA CHINUNSPADR2 financial ratios help investors to determine whether OVERSEA 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 OVERSEA with respect to the benefits of owning OVERSEA CHINUNSPADR2 security.