OPmobility's market value is the price at which a share of OPmobility trades on a public exchange. It measures the collective expectations of OPmobility SE investors about its performance. OPmobility is trading at 9.79 as of the 25th of December 2024, a 0.82 percent increase since the beginning of the trading day. The stock's open price was 9.71. With this module, you can estimate the performance of a buy and hold strategy of OPmobility SE and determine expected loss or profit from investing in OPmobility over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
OPmobility
OPmobility '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 OPmobility'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 OPmobility.
0.00
10/02/2023
No Change 0.00
0.0
In 1 year 2 months and 27 days
12/25/2024
0.00
If you would invest 0.00 in OPmobility on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding OPmobility SE or generate 0.0% return on investment in OPmobility over 450 days.
OPmobility 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 OPmobility'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 OPmobility SE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPmobility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPmobility's standard deviation. In reality, there are many statistical measures that can use OPmobility historical prices to predict the future OPmobility's volatility.
OPmobility appears to be somewhat reliable, given 3 months investment horizon. OPmobility SE maintains Sharpe Ratio (i.e., Efficiency) of 0.0836, which implies the firm had a 0.0836% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for OPmobility SE, which you can use to evaluate the volatility of the company. Please evaluate OPmobility's Risk Adjusted Performance of 0.0947, semi deviation of 2.22, and Coefficient Of Variation of 915.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OPmobility holds a performance score of 6. The company holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPmobility's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPmobility is expected to be smaller as well. Please check OPmobility's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether OPmobility's historical price patterns will revert.
Auto-correlation
0.68
Good predictability
OPmobility SE has good predictability. Overlapping area represents the amount of predictability between OPmobility time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 to 25th 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 OPmobility SE price movement. The serial correlation of 0.68 indicates that around 68.0% of current OPmobility price fluctuation can be explain by its past prices.
Correlation Coefficient
0.68
Spearman Rank Test
0.22
Residual Average
0.0
Price Variance
0.72
OPmobility SE lagged returns against current returns
Autocorrelation, which is OPmobility 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 OPmobility's stock expected returns. We can calculate the autocorrelation of OPmobility returns to help us make a trade decision. For example, suppose you find that OPmobility 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
OPmobility 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 OPmobility stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPmobility stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPmobility stock over time.
Current vs Lagged Prices
Timeline
OPmobility Lagged Returns
When evaluating OPmobility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPmobility stock have on its future price. OPmobility 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, OPmobility autocorrelation shows the relationship between OPmobility stock current value and its past values and can show if there is a momentum factor associated with investing in OPmobility SE.
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.