01 Communique Laboratory Stock Market Value
| ONE Stock | CAD 0.32 0.11 52.38% |
| Symbol | ONE |
01 Communique Laboratory Price To Book Ratio
01 Communique '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 01 Communique'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 01 Communique.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in 01 Communique on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding 01 Communique Laboratory or generate 0.0% return on investment in 01 Communique over 30 days. 01 Communique is related to or competes with Renoworks Software, and AirIQ. 01 Communique Laboratory Inc. provides cyber security and remote access solutions in the United States, Japan, and Canad... More
01 Communique 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 01 Communique'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 01 Communique Laboratory upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.27 | |||
| Information Ratio | 0.2806 | |||
| Maximum Drawdown | 53.57 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 30.0 |
01 Communique Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 01 Communique's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 01 Communique's standard deviation. In reality, there are many statistical measures that can use 01 Communique historical prices to predict the future 01 Communique's volatility.| Risk Adjusted Performance | 0.2181 | |||
| Jensen Alpha | 4.31 | |||
| Total Risk Alpha | 2.31 | |||
| Sortino Ratio | 0.2066 | |||
| Treynor Ratio | (1.56) |
01 Communique Laboratory Backtested Returns
01 Communique is out of control given 3 months investment horizon. 01 Communique Laboratory retains Efficiency (Sharpe Ratio) of 0.27, which signifies that the company had a 0.27% return per unit of price deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.82% are justified by taking the suggested risk. Use 01 Communique Laboratory Coefficient Of Variation of 347.6, standard deviation of 14.18, and Market Risk Adjusted Performance of (1.55) to evaluate company specific risk that cannot be diversified away. 01 Communique holds a performance score of 21 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -2.61, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 01 Communique are expected to decrease by larger amounts. On the other hand, during market turmoil, 01 Communique is expected to outperform it. Use 01 Communique Laboratory potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on 01 Communique Laboratory.
Auto-correlation | 0.45 |
Average predictability
01 Communique Laboratory has average predictability. Overlapping area represents the amount of predictability between 01 Communique time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 01 Communique Laboratory price movement. The serial correlation of 0.45 indicates that just about 45.0% of current 01 Communique price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
01 Communique Laboratory lagged returns against current returns
Autocorrelation, which is 01 Communique 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 01 Communique's stock expected returns. We can calculate the autocorrelation of 01 Communique returns to help us make a trade decision. For example, suppose you find that 01 Communique 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 |
01 Communique 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 01 Communique stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 01 Communique stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 01 Communique stock over time.
Current vs Lagged Prices |
| Timeline |
01 Communique Lagged Returns
When evaluating 01 Communique's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 01 Communique stock have on its future price. 01 Communique 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, 01 Communique autocorrelation shows the relationship between 01 Communique stock current value and its past values and can show if there is a momentum factor associated with investing in 01 Communique Laboratory.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ONE Stock Analysis
When running 01 Communique's price analysis, check to measure 01 Communique'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 01 Communique is operating at the current time. Most of 01 Communique's value examination focuses on studying past and present price action to predict the probability of 01 Communique's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 01 Communique's price. Additionally, you may evaluate how the addition of 01 Communique to your portfolios can decrease your overall portfolio volatility.