OBX BASIC (Norway) Performance

OBMP
 Index
  

 138.52  1.59  1.13%   

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 OBX BASIC's beta means in this case. the returns on MARKET and OBX BASIC are completely uncorrelated. Although it is important to respect OBX BASIC MAT current trending patterns, it is better to be realistic regarding the information on the equity's 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 OBX BASIC MAT technical indicators, you can now evaluate if the expected return of 0.12% will be sustainable into the future.

OBX BASIC Relative Risk vs. Return Landscape

If you would invest  13,165  in OBX BASIC MAT PR on July 8, 2022 and sell it today you would earn a total of  687.00  from holding OBX BASIC MAT PR or generate 5.22% return on investment over 90 days. OBX BASIC MAT PR is generating 0.1235% of daily returns and assumes 1.9956% volatility on return distribution over the 90 days horizon. Simply put, 17% of indexs are less volatile than OBX BASIC, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon OBX BASIC is expected to generate 1.6 times more return on investment than the market. However, the company is 1.6 times more volatile than its market benchmark. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of risk.

OBX BASIC Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for OBX BASIC's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as OBX BASIC MAT PR, and traders can use it to determine the average amount a OBX BASIC's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0619

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Estimated Market Risk
 2.0
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.12
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.06
  actual daily
 
 4 %
of total potential
 
44
Based on monthly moving average OBX BASIC is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of OBX BASIC by adding it to a well-diversified portfolio.

Things to note about OBX BASIC MAT

Checking the ongoing alerts about OBX BASIC for important developments is a great way to find new opportunities for your next move. Index alerts and notifications screener for OBX BASIC MAT help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Check out Your Equity Center. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Tools for OBX BASIC Index

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