Omnia Holdings (South Africa) Market Value
| OMN Stock | 7,291 39.00 0.53% |
| Symbol | Omnia |
Omnia Holdings '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 Omnia Holdings' 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 Omnia Holdings.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Omnia Holdings on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Omnia Holdings Limited or generate 0.0% return on investment in Omnia Holdings over 210 days. Omnia Holdings is related to or competes with Afine Investments, Capitec Bank, Safari Investments, Astoria Investments, and Frontier Transport. More
Omnia Holdings 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 Omnia Holdings' 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 Omnia Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.0726 | |||
| Maximum Drawdown | 5.25 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.7 |
Omnia Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omnia Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omnia Holdings' standard deviation. In reality, there are many statistical measures that can use Omnia Holdings historical prices to predict the future Omnia Holdings' volatility.| Risk Adjusted Performance | 0.1488 | |||
| Jensen Alpha | 0.1815 | |||
| Total Risk Alpha | 0.0171 | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | 0.8743 |
Omnia Holdings Backtested Returns
Omnia Holdings appears to be very steady, given 3 months investment horizon. Omnia Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Omnia Holdings, which you can use to evaluate the volatility of the company. Please evaluate Omnia Holdings' Coefficient Of Variation of 526.0, risk adjusted performance of 0.1488, and Semi Deviation of 0.7694 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Omnia Holdings holds a performance score of 15. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Omnia Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Omnia Holdings is expected to be smaller as well. Please check Omnia Holdings' value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Omnia Holdings' historical price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Omnia Holdings Limited has average predictability. Overlapping area represents the amount of predictability between Omnia Holdings time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Omnia Holdings price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Omnia Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 95.9 K |
Omnia Holdings lagged returns against current returns
Autocorrelation, which is Omnia Holdings 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 Omnia Holdings' stock expected returns. We can calculate the autocorrelation of Omnia Holdings returns to help us make a trade decision. For example, suppose you find that Omnia Holdings 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 |
Omnia Holdings 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 Omnia Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omnia Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omnia Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Omnia Holdings Lagged Returns
When evaluating Omnia Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omnia Holdings stock have on its future price. Omnia Holdings 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, Omnia Holdings autocorrelation shows the relationship between Omnia Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Omnia Holdings Limited.
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 Omnia Stock
Omnia Holdings financial ratios help investors to determine whether Omnia 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 Omnia with respect to the benefits of owning Omnia Holdings security.