Ofal Stock Market Value
| OFAL Stock | 1.50 0.26 14.77% |
| Symbol | OFAL |
OFAL Price To Book Ratio
Is Research & Consulting Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OFAL. If investors know OFAL will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OFAL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of OFAL is measured differently than its book value, which is the value of OFAL that is recorded on the company's balance sheet. Investors also form their own opinion of OFAL's value that differs from its market value or its book value, called intrinsic value, which is OFAL's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OFAL's market value can be influenced by many factors that don't directly affect OFAL's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OFAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
OFAL '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 OFAL'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 OFAL.
| 05/19/2025 |
| 08/17/2025 |
If you would invest 0.00 in OFAL on May 19, 2025 and sell it all today you would earn a total of 0.00 from holding OFAL or generate 0.0% return on investment in OFAL over 90 days. OFAL is related to or competes with Zijin Mining, Patterson UTI, AKITA Drilling, Transocean, Harmony Gold, US GoldMining, and Perseus Mining. OFAL is entity of United States. It is traded as Stock on NASDAQ exchange. More
OFAL 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 OFAL'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 OFAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 68.41 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 22.02 |
OFAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFAL's standard deviation. In reality, there are many statistical measures that can use OFAL historical prices to predict the future OFAL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (1.12) | |||
| Total Risk Alpha | (2.67) | |||
| Treynor Ratio | (0.71) |
OFAL Backtested Returns
OFAL retains Efficiency (Sharpe Ratio) of -0.0737, which implies the firm had a -0.0737 % return per unit of risk over the last 3 months. OFAL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OFAL's coefficient of variation of (1,345), and Market Risk Adjusted Performance of (0.70) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.4, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OFAL will likely underperform. At this point, OFAL has a negative expected return of -0.97%. Please make sure to check OFAL's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if OFAL performance from the past will be repeated in the future.
Auto-correlation | 0.71 |
Good predictability
OFAL has good predictability. Overlapping area represents the amount of predictability between OFAL time series from 19th of May 2025 to 3rd of July 2025 and 3rd of July 2025 to 17th of August 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 OFAL price movement. The serial correlation of 0.71 indicates that around 71.0% of current OFAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
OFAL lagged returns against current returns
Autocorrelation, which is OFAL 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 OFAL's stock expected returns. We can calculate the autocorrelation of OFAL returns to help us make a trade decision. For example, suppose you find that OFAL 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 |
OFAL 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 OFAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFAL stock over time.
Current vs Lagged Prices |
| Timeline |
OFAL Lagged Returns
When evaluating OFAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFAL stock have on its future price. OFAL 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, OFAL autocorrelation shows the relationship between OFAL stock current value and its past values and can show if there is a momentum factor associated with investing in OFAL.
Regressed Prices |
| Timeline |
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OFAL 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.