OBSERVE MEDICAL (Germany) Market Value
| OM5A Stock | EUR 0.03 0.0006 1.99% |
| Symbol | OBSERVE |
OBSERVE MEDICAL '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 OBSERVE MEDICAL'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 OBSERVE MEDICAL.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in OBSERVE MEDICAL on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding OBSERVE MEDICAL ASA or generate 0.0% return on investment in OBSERVE MEDICAL over 720 days. OBSERVE MEDICAL is related to or competes with Axcelis Technologies, PKSHA TECHNOLOGY, Uber Technologies, SOFI TECHNOLOGIES, COPLAND ROAD, and Kaufman Broad. Observe Medical ASA develops and markets medical technology products for patients, healthcare professionals, and hospita... More
OBSERVE MEDICAL 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 OBSERVE MEDICAL'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 OBSERVE MEDICAL ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.0702 | |||
| Maximum Drawdown | 36.4 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 7.28 |
OBSERVE MEDICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OBSERVE MEDICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OBSERVE MEDICAL's standard deviation. In reality, there are many statistical measures that can use OBSERVE MEDICAL historical prices to predict the future OBSERVE MEDICAL's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.3899 | |||
| Total Risk Alpha | 0.1728 | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | 1.97 |
OBSERVE MEDICAL ASA Backtested Returns
At this point, OBSERVE MEDICAL is out of control. OBSERVE MEDICAL ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.0288, which implies the company had a 0.0288% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for OBSERVE MEDICAL ASA, which you can use to evaluate the volatility of the entity. Please check OBSERVE MEDICAL's Market Risk Adjusted Performance of 1.98, coefficient of variation of 1267.68, and Mean Deviation of 3.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. OBSERVE MEDICAL has a performance score of 2 on a scale of 0 to 100. The firm holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, OBSERVE MEDICAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding OBSERVE MEDICAL is expected to be smaller as well. OBSERVE MEDICAL ASA currently holds a risk of 4.38%. Please check OBSERVE MEDICAL ASA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if OBSERVE MEDICAL ASA will be following its historical price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
OBSERVE MEDICAL ASA has modest reverse predictability. Overlapping area represents the amount of predictability between OBSERVE MEDICAL time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 OBSERVE MEDICAL ASA price movement. The serial correlation of -0.47 indicates that about 47.0% of current OBSERVE MEDICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OBSERVE MEDICAL ASA lagged returns against current returns
Autocorrelation, which is OBSERVE MEDICAL 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 OBSERVE MEDICAL's stock expected returns. We can calculate the autocorrelation of OBSERVE MEDICAL returns to help us make a trade decision. For example, suppose you find that OBSERVE MEDICAL 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 |
OBSERVE MEDICAL 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 OBSERVE MEDICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OBSERVE MEDICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OBSERVE MEDICAL stock over time.
Current vs Lagged Prices |
| Timeline |
OBSERVE MEDICAL Lagged Returns
When evaluating OBSERVE MEDICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OBSERVE MEDICAL stock have on its future price. OBSERVE MEDICAL 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, OBSERVE MEDICAL autocorrelation shows the relationship between OBSERVE MEDICAL stock current value and its past values and can show if there is a momentum factor associated with investing in OBSERVE MEDICAL ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OBSERVE Stock
OBSERVE MEDICAL financial ratios help investors to determine whether OBSERVE 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 OBSERVE with respect to the benefits of owning OBSERVE MEDICAL security.