Odp Corp Stock Market Value
| ODP Stock | USD 25.68 0.45 1.72% |
| Symbol | ODP |
ODP Corp Price To Book Ratio
Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ODP Corp. If investors know ODP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ODP Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Earnings Share 0.97 | Revenue Per Share 199.389 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0223 |
The market value of ODP Corp is measured differently than its book value, which is the value of ODP that is recorded on the company's balance sheet. Investors also form their own opinion of ODP Corp's value that differs from its market value or its book value, called intrinsic value, which is ODP Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ODP Corp's market value can be influenced by many factors that don't directly affect ODP Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ODP Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODP Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODP Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ODP Corp '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 ODP Corp'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 ODP Corp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ODP Corp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ODP Corp or generate 0.0% return on investment in ODP Corp over 30 days. ODP Corp is related to or competes with Leslies, Sally Beauty, 1 800, Caseys General, National Vision, Sportsmans, and Big 5. The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for sm... More
ODP Corp 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 ODP Corp'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 ODP Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 2.98 |
ODP Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODP Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODP Corp's standard deviation. In reality, there are many statistical measures that can use ODP Corp historical prices to predict the future ODP Corp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ODP Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ODP Corp Backtested Returns
ODP Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.085, which implies the firm had a -0.085% return per unit of volatility over the last 3 months. ODP Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ODP Corp's coefficient of variation of (1,221), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ODP Corp are expected to decrease at a much lower rate. During the bear market, ODP Corp is likely to outperform the market. At this point, ODP Corp has a negative expected return of -0.2%. Please make sure to check ODP Corp's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if ODP Corp performance from the past will be repeated at future time.
Auto-correlation | -0.01 |
Very weak reverse predictability
ODP Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between ODP Corp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 ODP Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current ODP Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
ODP Corp lagged returns against current returns
Autocorrelation, which is ODP Corp 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 ODP Corp's stock expected returns. We can calculate the autocorrelation of ODP Corp returns to help us make a trade decision. For example, suppose you find that ODP Corp 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 |
ODP Corp 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 ODP Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODP Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODP Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ODP Corp Lagged Returns
When evaluating ODP Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODP Corp stock have on its future price. ODP Corp 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, ODP Corp autocorrelation shows the relationship between ODP Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ODP Corp.
Regressed Prices |
| Timeline |
Pair Trading with ODP Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ODP Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ODP Corp will appreciate offsetting losses from the drop in the long position's value.Moving against ODP Stock
| 0.64 | WRBY | Warby Parker | PairCorr |
| 0.61 | VSCO | Victorias Secret | PairCorr |
| 0.61 | WEYS | Weyco Group | PairCorr |
| 0.51 | LB | LandBridge Company | PairCorr |
The ability to find closely correlated positions to ODP Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ODP Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ODP Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ODP Corp to buy it.
The correlation of ODP Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ODP Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ODP Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ODP Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ODP Stock Analysis
When running ODP Corp's price analysis, check to measure ODP Corp'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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.