Odyssey Group International Stock Market Value
| ODYY Stock | USD 0.03 0.01 25.00% |
| Symbol | Odyssey |
Odyssey Group '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 Odyssey Group's pink sheet 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 Odyssey Group.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Odyssey Group on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssey Group International or generate 0.0% return on investment in Odyssey Group over 30 days. Odyssey Group is related to or competes with Myomo, Viemed Healthcare, Integra LifeSciences, Monogram Orthopaedics, Nano X, and Medtronic PLC. Odyssey Health, Inc., a medical company, focuses on developing medical products More
Odyssey Group 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 Odyssey Group's pink sheet 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 Odyssey Group International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.05 | |||
| Information Ratio | 0.0558 | |||
| Maximum Drawdown | 68.57 | |||
| Value At Risk | (17.86) | |||
| Potential Upside | 25.0 |
Odyssey Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssey Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssey Group's standard deviation. In reality, there are many statistical measures that can use Odyssey Group historical prices to predict the future Odyssey Group's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.9083 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | 0.0558 | |||
| Treynor Ratio | (0.82) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Odyssey Group'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.
Odyssey Group Intern Backtested Returns
Odyssey Group appears to be out of control, given 3 months investment horizon. Odyssey Group Intern maintains Sharpe Ratio (i.e., Efficiency) of 0.0554, which implies the firm had a 0.0554% return per unit of risk over the last 3 months. By analyzing Odyssey Group's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please evaluate Odyssey Group's Risk Adjusted Performance of 0.0555, semi deviation of 9.57, and Coefficient Of Variation of 1574.62 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Odyssey Group holds a performance score of 4. The company holds a Beta of -1.0, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Odyssey Group are expected to decrease slowly. On the other hand, during market turmoil, Odyssey Group is expected to outperform it slightly. Please check Odyssey Group's potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Odyssey Group's historical price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Odyssey Group International has modest predictability. Overlapping area represents the amount of predictability between Odyssey Group time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Odyssey Group Intern price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Odyssey Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Odyssey Group Intern lagged returns against current returns
Autocorrelation, which is Odyssey Group pink sheet'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 Odyssey Group's pink sheet expected returns. We can calculate the autocorrelation of Odyssey Group returns to help us make a trade decision. For example, suppose you find that Odyssey Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Odyssey Group 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 Odyssey Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssey Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssey Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Odyssey Group Lagged Returns
When evaluating Odyssey Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssey Group pink sheet have on its future price. Odyssey Group 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, Odyssey Group autocorrelation shows the relationship between Odyssey Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Odyssey Group International.
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.Additional Tools for Odyssey Pink Sheet Analysis
When running Odyssey Group's price analysis, check to measure Odyssey Group'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 Odyssey Group is operating at the current time. Most of Odyssey Group's value examination focuses on studying past and present price action to predict the probability of Odyssey Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Group's price. Additionally, you may evaluate how the addition of Odyssey Group to your portfolios can decrease your overall portfolio volatility.