OBSHX SHIPPING (Norway) Market Value

OBSHP
  

 105.69  2.10  2.03%   

OBSHX SHIPPING's market value is the price at which a share of OBSHX SHIPPING stock trades on a public exchange. It measures the collective expectations of OBSHX SHIPPING PR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of OBSHX SHIPPING PR and determine expected loss or profit from investing in OBSHX SHIPPING over a given investment horizon. Check out Your Equity Center.
Symbol

OBSHX SHIPPING '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 OBSHX SHIPPING's index 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 OBSHX SHIPPING.
0.00
09/04/2022
No Change 0.00  0.0 
In 31 days
10/04/2022
0.00
If you would invest  0.00  in OBSHX SHIPPING on September 4, 2022 and sell it all today you would earn a total of 0.00 from holding OBSHX SHIPPING PR or generate 0.0% return on investment in OBSHX SHIPPING over 30 days.

OBSHX SHIPPING 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 OBSHX SHIPPING's index 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 OBSHX SHIPPING PR upside and downside potential and time the market with a certain degree of confidence.

OBSHX SHIPPING Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for OBSHX SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OBSHX SHIPPING's standard deviation. In reality, there are many statistical measures that can use OBSHX SHIPPING historical prices to predict the future OBSHX SHIPPING's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of OBSHX SHIPPING'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. Please use the tools below to analyze the current value of OBSHX SHIPPING in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OBSHX SHIPPING. Your research has to be compared to or analyzed against OBSHX SHIPPING's peers to derive any actionable benefits. When done correctly, OBSHX SHIPPING's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in OBSHX SHIPPING PR.

OBSHX SHIPPING PR Backtested Returns

OBSHX SHIPPING PR maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the index had 0.17% of return per unit of standard deviation over the last 3 months. Our approach into forecasting the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for OBSHX SHIPPING PR, which you can use to evaluate the future volatility of the entity.
The entity holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what OBSHX's beta means in this case. the returns on MARKET and OBSHX SHIPPING are completely uncorrelated. Although it is vital to follow OBSHX SHIPPING PR current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The approach into forecasting future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting OBSHX SHIPPING PR technical indicators, you can now evaluate if the expected return of 0.42% will be sustainable into the future.

Auto-correlation

    
  -0.34  

Poor reverse predictability

OBSHX SHIPPING PR has poor reverse predictability. Overlapping area represents the amount of predictability between OBSHX SHIPPING time series from 4th of September 2022 to 19th of September 2022 and 19th of September 2022 to 4th of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OBSHX SHIPPING PR price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current OBSHX SHIPPING price fluctuation can be explain by its past prices.
Correlation Coefficient-0.34
Spearman Rank Test-0.5
Residual Average0.0
Price Variance0.93

OBSHX SHIPPING PR lagged returns against current returns

Autocorrelation, which is OBSHX SHIPPING index'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 OBSHX SHIPPING's index expected returns. We can calculate the autocorrelation of OBSHX SHIPPING returns to help us make a trade decision. For example, suppose you find that OBSHX SHIPPING index 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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OBSHX SHIPPING 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 OBSHX SHIPPING index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OBSHX SHIPPING index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OBSHX SHIPPING index over time.
   Current vs Lagged Prices   
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OBSHX SHIPPING Lagged Returns

When evaluating OBSHX SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OBSHX SHIPPING index have on its future price. OBSHX SHIPPING 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, OBSHX SHIPPING autocorrelation shows the relationship between OBSHX SHIPPING index current value and its past values and can show if there is a momentum factor associated with investing in OBSHX SHIPPING PR.
   Regressed Prices   
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Be your own money manager

Our tools can tell you how much better you can do entering a position in OBSHX SHIPPING without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as OBSHX SHIPPING PR using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Other Tools for OBSHX Index

When running OBSHX SHIPPING PR price analysis, check to measure OBSHX SHIPPING'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 OBSHX SHIPPING is operating at the current time. Most of OBSHX SHIPPING's value examination focuses on studying past and present price action to predict the probability of OBSHX SHIPPING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OBSHX SHIPPING's price. Additionally, you may evaluate how the addition of OBSHX SHIPPING to your portfolios can decrease your overall portfolio volatility.
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