OPC Energy (Israel) Market Value
| OPCE Stock | 3,008 31.00 1.04% |
| Symbol | OPC |
OPC Energy '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 OPC Energy'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 OPC Energy.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in OPC Energy on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding OPC Energy or generate 0.0% return on investment in OPC Energy over 90 days. OPC Energy is related to or competes with Enlight Renewable, Energix Renewable, Alony Hetz, Ormat Technologies, and Kenon Holdings. OPC Energy Ltd. owns, develops, and operates power generation facilities in Israeli More
OPC Energy 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 OPC Energy'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 OPC Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 16.97 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 3.08 |
OPC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPC Energy's standard deviation. In reality, there are many statistical measures that can use OPC Energy historical prices to predict the future OPC Energy's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | 1.48 |
OPC Energy Backtested Returns
At this point, OPC Energy is very steady. OPC Energy retains Efficiency (Sharpe Ratio) of 0.0718, which implies the firm had a 0.0718% return per unit of risk over the last 3 months. We have found thirty technical indicators for OPC Energy, which you can use to evaluate the volatility of the company. Please check OPC Energy's market risk adjusted performance of 1.49, and Semi Deviation of 1.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. OPC Energy has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPC Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPC Energy is expected to be smaller as well. OPC Energy currently owns a risk of 1.9%. Please check OPC Energy semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if OPC Energy will be following its current price history.
Auto-correlation | -0.36 |
Poor reverse predictability
OPC Energy has poor reverse predictability. Overlapping area represents the amount of predictability between OPC Energy time series from 16th of September 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 OPC Energy price movement. The serial correlation of -0.36 indicates that just about 36.0% of current OPC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 10.7 K |
OPC Energy lagged returns against current returns
Autocorrelation, which is OPC Energy 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 OPC Energy's stock expected returns. We can calculate the autocorrelation of OPC Energy returns to help us make a trade decision. For example, suppose you find that OPC Energy 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 |
OPC Energy 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 OPC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
OPC Energy Lagged Returns
When evaluating OPC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPC Energy stock have on its future price. OPC Energy 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, OPC Energy autocorrelation shows the relationship between OPC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in OPC Energy.
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 OPC Stock
OPC Energy financial ratios help investors to determine whether OPC 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 OPC with respect to the benefits of owning OPC Energy security.