Oeneo SA (France) Market Value
| SBT Stock | EUR 9.54 0.02 0.21% |
| Symbol | Oeneo |
Oeneo SA '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 Oeneo SA'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 Oeneo SA.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Oeneo SA on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Oeneo SA or generate 0.0% return on investment in Oeneo SA over 720 days. Oeneo SA is related to or competes with Robertet, Virbac SA, Tonnellerie Francois, Thermador Groupe, and Elis SA. The Closures division manufactures and sells cork closures, including value-added technological closures under the Diam ... More
Oeneo SA 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 Oeneo SA'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 Oeneo SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.65 |
Oeneo SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oeneo SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oeneo SA's standard deviation. In reality, there are many statistical measures that can use Oeneo SA historical prices to predict the future Oeneo SA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 2.74 |
Oeneo SA Backtested Returns
Oeneo SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0688, which implies the firm had a -0.0688% return per unit of risk over the last 3 months. Oeneo SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oeneo SA's Risk Adjusted Performance of (0.04), variance of 0.626, and Coefficient Of Variation of (1,744) to confirm the risk estimate we provide. The company holds a Beta of -0.0202, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oeneo SA are expected to decrease at a much lower rate. During the bear market, Oeneo SA is likely to outperform the market. At this point, Oeneo SA has a negative expected return of -0.0539%. Please make sure to check Oeneo SA's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Oeneo SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Oeneo SA has weak predictability. Overlapping area represents the amount of predictability between Oeneo SA time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Oeneo SA price movement. The serial correlation of 0.21 indicates that over 21.0% of current Oeneo SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Oeneo SA lagged returns against current returns
Autocorrelation, which is Oeneo SA 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 Oeneo SA's stock expected returns. We can calculate the autocorrelation of Oeneo SA returns to help us make a trade decision. For example, suppose you find that Oeneo SA 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 |
Oeneo SA 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 Oeneo SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oeneo SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oeneo SA stock over time.
Current vs Lagged Prices |
| Timeline |
Oeneo SA Lagged Returns
When evaluating Oeneo SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oeneo SA stock have on its future price. Oeneo SA 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, Oeneo SA autocorrelation shows the relationship between Oeneo SA stock current value and its past values and can show if there is a momentum factor associated with investing in Oeneo SA.
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 Oeneo Stock
Oeneo SA financial ratios help investors to determine whether Oeneo 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 Oeneo with respect to the benefits of owning Oeneo SA security.