Optiva Inc Stock Market Value
| OPT Stock | CAD 1.18 0.23 16.31% |
| Symbol | Optiva |
Optiva Inc Price To Book Ratio
Optiva '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 Optiva'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 Optiva.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Optiva on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Optiva Inc or generate 0.0% return on investment in Optiva over 90 days. Optiva is related to or competes with Plurilock Security, Edge Total, CyberCatch Holdings, NowVertical, and Gatekeeper Systems. Optiva Inc. provides cloud-native revenue management software to communication service providers in Europe, the Middle E... More
Optiva 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 Optiva'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 Optiva Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.07 | |||
| Information Ratio | 0.0236 | |||
| Maximum Drawdown | 128.68 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 12.68 |
Optiva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optiva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optiva's standard deviation. In reality, there are many statistical measures that can use Optiva historical prices to predict the future Optiva's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.7108 | |||
| Total Risk Alpha | (2.28) | |||
| Sortino Ratio | 0.0419 | |||
| Treynor Ratio | (0.74) |
Optiva Inc Backtested Returns
Optiva is out of control given 3 months investment horizon. Optiva Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0518, which implies the firm had a 0.0518 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Optiva Risk Adjusted Performance of 0.0384, semi deviation of 8.95, and Coefficient Of Variation of 3229.6 to evaluate company specific risk that cannot be diversified away. Optiva holds a performance score of 4 on a scale of zero to a hundred. The company holds a Beta of -0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Optiva are expected to decrease at a much lower rate. During the bear market, Optiva is likely to outperform the market. Use Optiva daily balance of power, market facilitation index, as well as the relationship between the expected short fall and value at risk , to analyze future returns on Optiva.
Auto-correlation | 0.34 |
Below average predictability
Optiva Inc has below average predictability. Overlapping area represents the amount of predictability between Optiva time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Optiva Inc price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Optiva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Optiva Inc lagged returns against current returns
Autocorrelation, which is Optiva 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 Optiva's stock expected returns. We can calculate the autocorrelation of Optiva returns to help us make a trade decision. For example, suppose you find that Optiva 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 |
Optiva 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 Optiva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optiva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optiva stock over time.
Current vs Lagged Prices |
| Timeline |
Optiva Lagged Returns
When evaluating Optiva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optiva stock have on its future price. Optiva 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, Optiva autocorrelation shows the relationship between Optiva stock current value and its past values and can show if there is a momentum factor associated with investing in Optiva Inc.
Regressed Prices |
| Timeline |
Pair Trading with Optiva
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Optiva position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Optiva will appreciate offsetting losses from the drop in the long position's value.Moving against Optiva Stock
The ability to find closely correlated positions to Optiva could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optiva when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Optiva - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Optiva Inc to buy it.
The correlation of Optiva is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Optiva moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optiva Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Optiva can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Optiva Stock
Optiva financial ratios help investors to determine whether Optiva 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 Optiva with respect to the benefits of owning Optiva security.