OnMobile Global (India) Market Value
| ONMOBILE | 77.79 0.40 0.52% |
| Symbol | OnMobile |
OnMobile Global '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 OnMobile Global'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 OnMobile Global.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in OnMobile Global on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding OnMobile Global Limited or generate 0.0% return on investment in OnMobile Global over 30 days. OnMobile Global is related to or competes with Kingfa Science, Garware Hi, DiGiSPICE Technologies, California Software, Nucleus Software, Hi Tech, and Transport. OnMobile Global is entity of India. It is traded as Stock on NSE exchange. More
OnMobile Global 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 OnMobile Global'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 OnMobile Global Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.5 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.15 |
OnMobile Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OnMobile Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OnMobile Global's standard deviation. In reality, there are many statistical measures that can use OnMobile Global historical prices to predict the future OnMobile Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.20) |
OnMobile Global Backtested Returns
OnMobile Global maintains Sharpe Ratio (i.e., Efficiency) of -0.017, which implies the firm had a -0.017% return per unit of volatility over the last 3 months. OnMobile Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OnMobile Global's coefficient of variation of (2,832), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OnMobile Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding OnMobile Global is expected to be smaller as well. At this point, OnMobile Global has a negative expected return of -0.0574%. Please make sure to check OnMobile Global's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if OnMobile Global performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
OnMobile Global Limited has poor reverse predictability. Overlapping area represents the amount of predictability between OnMobile Global time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 OnMobile Global price movement. The serial correlation of -0.37 indicates that just about 37.0% of current OnMobile Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
OnMobile Global lagged returns against current returns
Autocorrelation, which is OnMobile Global 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 OnMobile Global's stock expected returns. We can calculate the autocorrelation of OnMobile Global returns to help us make a trade decision. For example, suppose you find that OnMobile Global 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 |
OnMobile Global 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 OnMobile Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OnMobile Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OnMobile Global stock over time.
Current vs Lagged Prices |
| Timeline |
OnMobile Global Lagged Returns
When evaluating OnMobile Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OnMobile Global stock have on its future price. OnMobile Global 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, OnMobile Global autocorrelation shows the relationship between OnMobile Global stock current value and its past values and can show if there is a momentum factor associated with investing in OnMobile Global Limited.
Regressed Prices |
| Timeline |
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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 OnMobile Stock
OnMobile Global financial ratios help investors to determine whether OnMobile 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 OnMobile with respect to the benefits of owning OnMobile Global security.