O I Glass Stock Market Value

OI Stock  USD 16.19  0.58  3.72%   
O I's market value is the price at which a share of O I trades on a public exchange. It measures the collective expectations of O I Glass investors about its performance. O I is trading at 16.19 as of the 28th of March 2024. This is a 3.72% increase since the beginning of the trading day. The stock's open price was 15.61.
With this module, you can estimate the performance of a buy and hold strategy of O I Glass and determine expected loss or profit from investing in O I over a given investment horizon. Check out O I Correlation, O I Volatility and O I Alpha and Beta module to complement your research on O I.
Symbol

O-I Glass Price To Book Ratio

Is O I's industry 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 O I. If investors know O I 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 O I 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
(0.78)
Earnings Share
(0.67)
Revenue Per Share
45.942
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0565
The market value of O-I Glass is measured differently than its book value, which is the value of O I that is recorded on the company's balance sheet. Investors also form their own opinion of O I's value that differs from its market value or its book value, called intrinsic value, which is O I'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 O I's market value can be influenced by many factors that don't directly affect O I'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 O I's value and its price as these two are different measures arrived at by different means. Investors typically determine if O I is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, O I'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.

O I '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 O I'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 O I.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in O I on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding O I Glass or generate 0.0% return on investment in O I over 720 days. O I is related to or competes with International Paper, Millennium Group, Eightco Holdings, Avery Dennison, Graphic Packaging, Karat Packaging, and Myers Industries. O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers pr... More

O I 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 O I'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 O I Glass upside and downside potential and time the market with a certain degree of confidence.

O I Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for O I's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as O I's standard deviation. In reality, there are many statistical measures that can use O I historical prices to predict the future O I's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of O I'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.
Hype
Prediction
LowEstimatedHigh
13.0316.1819.33
Details
Intrinsic
Valuation
LowRealHigh
14.5720.3823.53
Details
Naive
Forecast
LowNextHigh
13.8216.9820.13
Details
10 Analysts
Consensus
LowTargetHigh
22.5224.7527.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as O I. Your research has to be compared to or analyzed against O I's peers to derive any actionable benefits. When done correctly, O I's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in O-I Glass.

O-I Glass Backtested Returns

We consider O I not too volatile. O-I Glass maintains Sharpe Ratio (i.e., Efficiency) of 0.009, which implies the company had a 0.009% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for O-I Glass, which you can use to evaluate the volatility of the entity. Please check O I's coefficient of variation of 17421.93, and Market Risk Adjusted Performance of 0.013 to confirm if the risk estimate we provide is consistent with the expected return of 0.0284%. The firm holds a Beta of 2.52, 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, O I will likely underperform. O-I Glass today holds a risk of 3.15%. Please check O-I Glass downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if O-I Glass will be following its historical price patterns.

Auto-correlation

    
  -0.62  

Very good reverse predictability

O I Glass has very good reverse predictability. Overlapping area represents the amount of predictability between O I time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 O-I Glass price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current O I price fluctuation can be explain by its past prices.
Correlation Coefficient-0.62
Spearman Rank Test-0.71
Residual Average0.0
Price Variance8.5

O-I Glass lagged returns against current returns

Autocorrelation, which is O I 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 O I's stock expected returns. We can calculate the autocorrelation of O I returns to help us make a trade decision. For example, suppose you find that O I 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  

O I 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 O I stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if O I stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in O I stock over time.
   Current vs Lagged Prices   
       Timeline  

O I Lagged Returns

When evaluating O I's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of O I stock have on its future price. O I 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, O I autocorrelation shows the relationship between O I stock current value and its past values and can show if there is a momentum factor associated with investing in O I Glass.
   Regressed Prices   
       Timeline  

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When determining whether O-I Glass offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of O I's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of O I Glass Stock. Outlined below are crucial reports that will aid in making a well-informed decision on O I Glass Stock:
Check out O I Correlation, O I Volatility and O I Alpha and Beta module to complement your research on O I.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for O I Stock analysis

When running O I's price analysis, check to measure O I's 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 O I is operating at the current time. Most of O I's value examination focuses on studying past and present price action to predict the probability of O I's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move O I's price. Additionally, you may evaluate how the addition of O I to your portfolios can decrease your overall portfolio volatility.
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O I 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.
A focus of O I technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of O I trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...