Omkar Speciality (India) Market Value
| OMKARCHEM | 9.14 0.49 5.09% |
| Symbol | Omkar |
Omkar Speciality '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 Omkar Speciality'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 Omkar Speciality.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Omkar Speciality on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Omkar Speciality Chemicals or generate 0.0% return on investment in Omkar Speciality over 180 days. Omkar Speciality is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, and JTL Industries. Omkar Speciality is entity of India. It is traded as Stock on NSE exchange. More
Omkar Speciality 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 Omkar Speciality'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 Omkar Speciality Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 4.93 |
Omkar Speciality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omkar Speciality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omkar Speciality's standard deviation. In reality, there are many statistical measures that can use Omkar Speciality historical prices to predict the future Omkar Speciality's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.31) |
Omkar Speciality Che Backtested Returns
Omkar Speciality Che maintains Sharpe Ratio (i.e., Efficiency) of -0.0165, which implies the firm had a -0.0165% return per unit of risk over the last 3 months. Omkar Speciality Che exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omkar Speciality's Variance of 10.79, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,565) to confirm the risk estimate we provide. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Omkar Speciality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Omkar Speciality is expected to be smaller as well. At this point, Omkar Speciality Che has a negative expected return of -0.0549%. Please make sure to check Omkar Speciality's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Omkar Speciality Che performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Omkar Speciality Chemicals has below average predictability. Overlapping area represents the amount of predictability between Omkar Speciality time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Omkar Speciality Che price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Omkar Speciality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Omkar Speciality Che lagged returns against current returns
Autocorrelation, which is Omkar Speciality 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 Omkar Speciality's stock expected returns. We can calculate the autocorrelation of Omkar Speciality returns to help us make a trade decision. For example, suppose you find that Omkar Speciality 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 |
Omkar Speciality 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 Omkar Speciality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omkar Speciality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omkar Speciality stock over time.
Current vs Lagged Prices |
| Timeline |
Omkar Speciality Lagged Returns
When evaluating Omkar Speciality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omkar Speciality stock have on its future price. Omkar Speciality 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, Omkar Speciality autocorrelation shows the relationship between Omkar Speciality stock current value and its past values and can show if there is a momentum factor associated with investing in Omkar Speciality Chemicals.
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.Other Information on Investing in Omkar Stock
Omkar Speciality financial ratios help investors to determine whether Omkar 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 Omkar with respect to the benefits of owning Omkar Speciality security.