Oeneo SA (France) Market Value
| SBT Stock | EUR 10.15 0.05 0.50% |
| 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.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Oeneo SA on March 24, 2024 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 30 days. Oeneo SA is related to or competes with LOreal SA, Danone SA, Compagnie Generale, Air Liquide, and Schneider Electric. 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 | (0.16) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 2.91 |
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 | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.4905 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oeneo SA'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.
Oeneo SA Backtested Returns
Oeneo SA maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Oeneo SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oeneo SA's Risk Adjusted Performance of (0.06), variance of 4.05, and Coefficient Of Variation of (861.32) to confirm the risk estimate we provide. The company holds a Beta of -0.5, which implies possible diversification benefits within a given portfolio. 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. Oeneo SA has an expected return of -0.24%. Please make sure to check Oeneo SA 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 | -0.61 |
Very good reverse predictability
Oeneo SA has very good reverse predictability. Overlapping area represents the amount of predictability between Oeneo SA time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 -0.61 indicates that roughly 61.0% of current Oeneo SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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 |
Currently Active Assets on Macroaxis
Check out Oeneo SA Correlation, Oeneo SA Volatility and Oeneo SA Alpha and Beta module to complement your research on Oeneo SA. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Oeneo Stock analysis
When running Oeneo SA's price analysis, check to measure Oeneo SA'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 Oeneo SA is operating at the current time. Most of Oeneo SA's value examination focuses on studying past and present price action to predict the probability of Oeneo SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oeneo SA's price. Additionally, you may evaluate how the addition of Oeneo SA to your portfolios can decrease your overall portfolio volatility.
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Oeneo SA 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.