Oshkosh Stock Market Value
| OSK Stock | USD 102.85 1.36 1.34% |
| Symbol | Oshkosh |
Oshkosh Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oshkosh. If investors know Oshkosh will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oshkosh listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 1.79 | Earnings Share 10.3 | Revenue Per Share 161.798 | Quarterly Revenue Growth 0.092 |
The market value of Oshkosh is measured differently than its book value, which is the value of Oshkosh that is recorded on the company's balance sheet. Investors also form their own opinion of Oshkosh's value that differs from its market value or its book value, called intrinsic value, which is Oshkosh's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oshkosh's market value can be influenced by many factors that don't directly affect Oshkosh's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oshkosh's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oshkosh is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oshkosh's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Oshkosh '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 Oshkosh'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 Oshkosh.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Oshkosh on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Oshkosh or generate 0.0% return on investment in Oshkosh over 60 days. Oshkosh is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, 70082LAB3, Sitka Gold, and MSCI ACWI. Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide More
Oshkosh 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 Oshkosh'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 Oshkosh upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.57 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.78 |
Oshkosh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oshkosh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oshkosh's standard deviation. In reality, there are many statistical measures that can use Oshkosh historical prices to predict the future Oshkosh's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0477 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oshkosh's 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.
Oshkosh Backtested Returns
As of now, Oshkosh Stock is very steady. Oshkosh maintains Sharpe Ratio (i.e., Efficiency) of 0.0313, which implies the firm had a 0.0313% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oshkosh, which you can use to evaluate the volatility of the company. Please check Oshkosh's Risk Adjusted Performance of 0.0427, coefficient of variation of 2003.98, and Semi Deviation of 1.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0685%. Oshkosh has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 2.05, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oshkosh will likely underperform. Oshkosh right now holds a risk of 2.19%. Please check Oshkosh downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Oshkosh will be following its historical price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Oshkosh has very good reverse predictability. Overlapping area represents the amount of predictability between Oshkosh time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Oshkosh price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Oshkosh price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 12.53 |
Oshkosh lagged returns against current returns
Autocorrelation, which is Oshkosh 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 Oshkosh's stock expected returns. We can calculate the autocorrelation of Oshkosh returns to help us make a trade decision. For example, suppose you find that Oshkosh 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 |
Oshkosh 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 Oshkosh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oshkosh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oshkosh stock over time.
Current vs Lagged Prices |
| Timeline |
Oshkosh Lagged Returns
When evaluating Oshkosh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oshkosh stock have on its future price. Oshkosh 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, Oshkosh autocorrelation shows the relationship between Oshkosh stock current value and its past values and can show if there is a momentum factor associated with investing in Oshkosh.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Oshkosh Correlation, Oshkosh Volatility and Oshkosh Alpha and Beta module to complement your research on Oshkosh. For more information on how to buy Oshkosh Stock please use our How to buy in Oshkosh Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Oshkosh technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.