Omron Corp Adr Stock Market Value
| OMRNY Stock | USD 31.83 0.40 1.24% |
| Symbol | OMRON |
OMRON 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 OMRON Corp'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 OMRON Corp.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in OMRON Corp on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding OMRON Corp ADR or generate 0.0% return on investment in OMRON Corp over 90 days. OMRON Corp is related to or competes with Murata Manufacturing, LGL, Data IO, Bel Fuse, Richardson Electronics, LSI Industries, and Benchmark Electronics. OMRON Corporation engages in industrial automation, electronic and mechanical components, social systems, and healthcare... More
OMRON 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 OMRON Corp'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 OMRON Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.21 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.44 |
OMRON Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMRON Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMRON Corp's standard deviation. In reality, there are many statistical measures that can use OMRON Corp historical prices to predict the future OMRON Corp's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (1.66) |
OMRON Corp ADR Backtested Returns
OMRON Corp ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% return per unit of standard deviation over the last 3 months. OMRON Corp ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OMRON Corp's Coefficient Of Variation of (461.86), market risk adjusted performance of (1.65), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, OMRON Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding OMRON Corp is expected to be smaller as well. At this point, OMRON Corp ADR has a negative expected return of -0.4%. Please make sure to check OMRON Corp's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if OMRON Corp ADR performance from the past will be repeated at future time.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
OMRON Corp ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OMRON Corp time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 OMRON Corp ADR price movement. The serial correlation of -0.74 indicates that around 74.0% of current OMRON Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 14.22 |
OMRON Corp ADR lagged returns against current returns
Autocorrelation, which is OMRON Corp 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 OMRON Corp's pink sheet expected returns. We can calculate the autocorrelation of OMRON Corp returns to help us make a trade decision. For example, suppose you find that OMRON Corp 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 |
OMRON 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 OMRON Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMRON Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMRON Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OMRON Corp Lagged Returns
When evaluating OMRON Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMRON Corp pink sheet have on its future price. OMRON 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, OMRON Corp autocorrelation shows the relationship between OMRON Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OMRON Corp ADR.
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 OMRON Pink Sheet Analysis
When running OMRON Corp's price analysis, check to measure OMRON 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 OMRON Corp is operating at the current time. Most of OMRON Corp's value examination focuses on studying past and present price action to predict the probability of OMRON 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 OMRON Corp's price. Additionally, you may evaluate how the addition of OMRON Corp to your portfolios can decrease your overall portfolio volatility.