Odfjell B (Norway) Market Value
| ODFB Stock | NOK 102.00 3.40 3.45% |
| Symbol | Odfjell |
Odfjell B '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 Odfjell B'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 Odfjell B.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Odfjell B on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Odfjell B or generate 0.0% return on investment in Odfjell B over 720 days. Odfjell B is related to or competes with Stolt Nielsen, BW LPG, Aker ASA, BW Offshore, and Frontline. Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special pro... More
Odfjell B 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 Odfjell B'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 Odfjell B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 2.25 |
Odfjell B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odfjell B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odfjell B's standard deviation. In reality, there are many statistical measures that can use Odfjell B historical prices to predict the future Odfjell B's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 1.19 |
Odfjell B Backtested Returns
Odfjell B maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Odfjell B exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odfjell B's Coefficient Of Variation of (448.94), variance of 5.12, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Odfjell B are expected to decrease at a much lower rate. During the bear market, Odfjell B is likely to outperform the market. At this point, Odfjell B has a negative expected return of -0.46%. Please make sure to check Odfjell B's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Odfjell B performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Odfjell B has insignificant reverse predictability. Overlapping area represents the amount of predictability between Odfjell B time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Odfjell B price movement. The serial correlation of -0.17 indicates that over 17.0% of current Odfjell B price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 279.1 |
Odfjell B lagged returns against current returns
Autocorrelation, which is Odfjell B 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 Odfjell B's stock expected returns. We can calculate the autocorrelation of Odfjell B returns to help us make a trade decision. For example, suppose you find that Odfjell B 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 |
Odfjell B 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 Odfjell B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odfjell B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odfjell B stock over time.
Current vs Lagged Prices |
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Odfjell B Lagged Returns
When evaluating Odfjell B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odfjell B stock have on its future price. Odfjell B 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, Odfjell B autocorrelation shows the relationship between Odfjell B stock current value and its past values and can show if there is a momentum factor associated with investing in Odfjell B.
Regressed Prices |
| Timeline |
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Odfjell B financial ratios help investors to determine whether Odfjell 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 Odfjell with respect to the benefits of owning Odfjell B security.