Ocwen Financial Stock Forecast - Relative Strength Index
| OCNDelisted Stock | USD 34.94 0.82 2.40% |
Ocwen Stock Forecast is based on your current time horizon.
Ocwen |
| Check Ocwen Financial Volatility | Backtest Ocwen Financial | Information Ratio |
Ocwen Financial Trading Date Momentum
| On November 22 2024 Ocwen Financial was traded for 34.94 at the closing time. Highest Ocwen Financial's price during the trading hours was 35.52 and the lowest price during the day was 33.99 . There was no trading activity during the period 0.0. Lack of trading volume on the 22nd of November did not cause price change. The trading delta at closing time to current price is 2.35% . |
Ocwen Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ocwen Financial stock to make a market-neutral strategy. Peer analysis of Ocwen Financial could also be used in its relative valuation, which is a method of valuing Ocwen Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ocwen Financial Market Strength Events
Market strength indicators help investors to evaluate how Ocwen Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocwen Financial shares will generate the highest return on investment. By undertsting and applying Ocwen Financial stock market strength indicators, traders can identify Ocwen Financial entry and exit signals to maximize returns.
Ocwen Financial Risk Indicators
The analysis of Ocwen Financial's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ocwen Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ocwen stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.9 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.21 | |||
| Downside Variance | 6.86 | |||
| Semi Variance | 5.74 | |||
| Expected Short fall | (2.05) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Ocwen Financial
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 Ocwen Financial 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 Ocwen Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Ocwen Stock
| 0.81 | SGD | Safe and Green | PairCorr |
| 0.72 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.55 | QLGN | Qualigen Therapeutics Upward Rally | PairCorr |
| 0.53 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.49 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to Ocwen Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocwen Financial 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 Ocwen Financial - 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 Ocwen Financial to buy it.
The correlation of Ocwen Financial 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 Ocwen Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocwen Financial 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 Ocwen Financial 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Ocwen Stock
If you are still planning to invest in Ocwen Financial check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocwen Financial's history and understand the potential risks before investing.
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