Orient Overseas International Stock Market Value
| OROVY Stock | USD 63.51 0.94 1.46% |
| Symbol | Orient |
Orient Overseas '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 Orient Overseas' 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 Orient Overseas.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Orient Overseas on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Orient Overseas International or generate 0.0% return on investment in Orient Overseas over 720 days. Orient Overseas is related to or competes with SITC International, SITC International, Mitsui OSK, Pacific Basin, Hapag Lloyd, COSCO SHIPPING, and AP Moeller. Orient Overseas Limited, an investment holding company, provides container transport and logistics services in Asia, Eur... More
Orient Overseas 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 Orient Overseas' 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 Orient Overseas International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.18 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.92 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.93 |
Orient Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Overseas' standard deviation. In reality, there are many statistical measures that can use Orient Overseas historical prices to predict the future Orient Overseas' volatility.| Risk Adjusted Performance | 0.0379 | |||
| Jensen Alpha | 0.0978 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (6.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orient Overseas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Orient Overseas Inte Backtested Returns
At this stage we consider Orient Pink Sheet to be very steady. Orient Overseas Inte maintains Sharpe Ratio (i.e., Efficiency) of 0.038, which implies the firm had a 0.038% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Orient Overseas Inte, which you can use to evaluate the volatility of the company. Please check Orient Overseas' Semi Deviation of 2.05, coefficient of variation of 2354.75, and Risk Adjusted Performance of 0.0379 to confirm if the risk estimate we provide is consistent with the expected return of 0.0954%. Orient Overseas has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.0149, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orient Overseas are expected to decrease at a much lower rate. During the bear market, Orient Overseas is likely to outperform the market. Orient Overseas Inte right now holds a risk of 2.51%. Please check Orient Overseas Inte jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and expected short fall , to decide if Orient Overseas Inte will be following its historical price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Orient Overseas International has poor reverse predictability. Overlapping area represents the amount of predictability between Orient Overseas time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Orient Overseas Inte price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Orient Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 43.91 |
Orient Overseas Inte lagged returns against current returns
Autocorrelation, which is Orient Overseas 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 Orient Overseas' pink sheet expected returns. We can calculate the autocorrelation of Orient Overseas returns to help us make a trade decision. For example, suppose you find that Orient Overseas 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 |
Orient Overseas 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 Orient Overseas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Overseas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Overseas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Orient Overseas Lagged Returns
When evaluating Orient Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Overseas pink sheet have on its future price. Orient Overseas 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, Orient Overseas autocorrelation shows the relationship between Orient Overseas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orient Overseas International.
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.Additional Tools for Orient Pink Sheet Analysis
When running Orient Overseas' price analysis, check to measure Orient Overseas' 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 Orient Overseas is operating at the current time. Most of Orient Overseas' value examination focuses on studying past and present price action to predict the probability of Orient Overseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Overseas' price. Additionally, you may evaluate how the addition of Orient Overseas to your portfolios can decrease your overall portfolio volatility.