One Global Equity Stock Market Value
| ONEQ Stock | CAD 38.31 0.39 1.01% |
| Symbol | One |
One Global '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 One Global'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 One Global.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in One Global on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding One Global Equity or generate 0.0% return on investment in One Global over 60 days. One Global is related to or competes with CI WisdomTree, CI Yield, CI Yield, and CI ONE. The investment objective of ONEQ is to seek long-term growth of capital by investing in a portfolio of equity securities... More
One Global 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 One Global'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 One Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6189 | |||
| Information Ratio | 0.0363 | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.01 |
One Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for One Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as One Global's standard deviation. In reality, there are many statistical measures that can use One Global historical prices to predict the future One Global's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.0796 | |||
| Total Risk Alpha | 0.024 | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of One Global'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.
One Global Equity Backtested Returns
We consider One Global very steady. One Global Equity 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. We have found twenty-eight technical indicators for One Global Equity, which you can use to evaluate the volatility of the company. Please check One Global's Risk Adjusted Performance of 0.08, coefficient of variation of 801.25, and Semi Deviation of 0.4489 to confirm if the risk estimate we provide is consistent with the expected return of 0.0778%. One Global has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning One Global are expected to decrease at a much lower rate. During the bear market, One Global is likely to outperform the market. One Global Equity right now holds a risk of 0.62%. Please check One Global Equity information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if One Global Equity will be following its historical price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
One Global Equity has very good reverse predictability. Overlapping area represents the amount of predictability between One Global time series from 3rd of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 2nd of May 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 One Global Equity price movement. The serial correlation of -0.67 indicates that around 67.0% of current One Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
One Global Equity lagged returns against current returns
Autocorrelation, which is One Global 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 One Global's stock expected returns. We can calculate the autocorrelation of One Global returns to help us make a trade decision. For example, suppose you find that One Global 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 |
One Global 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 One Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if One Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in One Global stock over time.
Current vs Lagged Prices |
| Timeline |
One Global Lagged Returns
When evaluating One Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of One Global stock have on its future price. One Global 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, One Global autocorrelation shows the relationship between One Global stock current value and its past values and can show if there is a momentum factor associated with investing in One Global Equity.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out One Global Correlation, One Global Volatility and One Global Alpha and Beta module to complement your research on One Global. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for One Stock analysis
When running One Global's price analysis, check to measure One Global'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 One Global is operating at the current time. Most of One Global's value examination focuses on studying past and present price action to predict the probability of One Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move One Global's price. Additionally, you may evaluate how the addition of One Global to your portfolios can decrease your overall portfolio volatility.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |
One Global 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.