OSRAM LICHT (Germany) Market Value
| OSR Stock | EUR 51.80 0.20 0.38% |
| Symbol | OSRAM |
OSRAM LICHT '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 OSRAM LICHT'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 OSRAM LICHT.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in OSRAM LICHT on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding OSRAM LICHT N or generate 0.0% return on investment in OSRAM LICHT over 90 days. OSRAM LICHT is related to or competes with Delta Electronics, YASKAWA ELEC, Plug Power, VERTIV HOLCL, Bloom Energy, and Alfen NV. More
OSRAM LICHT 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 OSRAM LICHT'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 OSRAM LICHT N upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4162 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 0.7921 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3953 |
OSRAM LICHT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OSRAM LICHT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OSRAM LICHT's standard deviation. In reality, there are many statistical measures that can use OSRAM LICHT historical prices to predict the future OSRAM LICHT's volatility.| Risk Adjusted Performance | 0.1201 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | 0.0254 | |||
| Sortino Ratio | 0.0231 | |||
| Treynor Ratio | 3.12 |
OSRAM LICHT N Backtested Returns
As of now, OSRAM Stock is very steady. OSRAM LICHT N maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for OSRAM LICHT N, which you can use to evaluate the volatility of the company. Please check OSRAM LICHT's Risk Adjusted Performance of 0.1201, downside deviation of 0.4162, and Market Risk Adjusted Performance of 3.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0478%. OSRAM LICHT has a performance score of 16 on a scale of 0 to 100. The company holds a Beta of 0.0102, which implies not very significant fluctuations relative to the market. As returns on the market increase, OSRAM LICHT's returns are expected to increase less than the market. However, during the bear market, the loss of holding OSRAM LICHT is expected to be smaller as well. OSRAM LICHT N presently holds a risk of 0.22%. Please check OSRAM LICHT N semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to decide if OSRAM LICHT N will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
OSRAM LICHT N has very good predictability. Overlapping area represents the amount of predictability between OSRAM LICHT time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 OSRAM LICHT N price movement. The serial correlation of 0.81 indicates that around 81.0% of current OSRAM LICHT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
OSRAM LICHT N lagged returns against current returns
Autocorrelation, which is OSRAM LICHT 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 OSRAM LICHT's stock expected returns. We can calculate the autocorrelation of OSRAM LICHT returns to help us make a trade decision. For example, suppose you find that OSRAM LICHT 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 |
OSRAM LICHT 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 OSRAM LICHT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OSRAM LICHT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OSRAM LICHT stock over time.
Current vs Lagged Prices |
| Timeline |
OSRAM LICHT Lagged Returns
When evaluating OSRAM LICHT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OSRAM LICHT stock have on its future price. OSRAM LICHT 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, OSRAM LICHT autocorrelation shows the relationship between OSRAM LICHT stock current value and its past values and can show if there is a momentum factor associated with investing in OSRAM LICHT N.
Regressed Prices |
| Timeline |
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OSRAM LICHT financial ratios help investors to determine whether OSRAM 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 OSRAM with respect to the benefits of owning OSRAM LICHT security.