Oceanic Beverages (Taiwan) Price on July 7, 2023
1213 Stock | TWD 12.15 0.05 0.41% |
If you're considering investing in Oceanic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Oceanic Beverages stands at 12.15, as last reported on the 28th of November, with the highest price reaching 12.15 and the lowest price hitting 12.00 during the day. Oceanic Beverages maintains Sharpe Ratio (i.e., Efficiency) of -0.0021, which implies the firm had a -0.0021% return per unit of risk over the last 3 months. Oceanic Beverages exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceanic Beverages' Semi Deviation of 1.09, coefficient of variation of 4973.01, and Risk Adjusted Performance of 0.0201 to confirm the risk estimate we provide.
Oceanic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Oceanic |
Sharpe Ratio = -0.0021
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Negative Returns | 1213 |
Estimated Market Risk
1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oceanic Beverages is not performing at its full potential. However, 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 Oceanic Beverages by adding Oceanic Beverages to a well-diversified portfolio.
Oceanic Beverages Valuation on July 7, 2023
It is possible to determine the worth of Oceanic Beverages on a given historical date. On July 7, 2023 Oceanic was worth 6.45 at the beginning of the trading date compared to the closed value of 6.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oceanic Beverages stock. Still, in general, we apply an absolute valuation method to find Oceanic Beverages' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oceanic Beverages where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oceanic Beverages' related companies.
Open | High | Low | Close | Volume | |
6.99 | 6.99 | 6.45 | 6.45 | 34,001 | |
07/07/2023 | 6.45 | 6.70 | 6.43 | 6.46 | 16,200 |
6.40 | 6.55 | 6.40 | 6.55 | 9,000 |
Backtest Oceanic Beverages | | | Oceanic Beverages History | | | Oceanic Beverages Valuation | Previous | Next |
Oceanic Beverages Trading Date Momentum on July 7, 2023
On July 10 2023 Oceanic Beverages Co was traded for 6.55 at the closing time. The highest price during the trading period was 6.55 and the lowest recorded bid was listed for 6.40 . The volume for the day was 9 K. This history from July 10, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 1.39% . The trading delta at closing time to the current price is 0.31% . |
Oceanic Beverages Fundamentals Correlations and Trends
By evaluating Oceanic Beverages' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oceanic Beverages' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oceanic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oceanic Beverages Stock history
Oceanic Beverages investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oceanic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oceanic Beverages will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oceanic Beverages stock prices may prove useful in developing a viable investing in Oceanic Beverages
Oceanic Beverages Co., Inc. manufactures and sells apple soda, apple juices, mineral water, and various other soft drinks. The company also distributes beverages, non-staple food products, and processed products. OCEANIC BEVERAGES operates under BeveragesNon-Alcoholic classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 120 people.
Oceanic Beverages Stock Technical Analysis
Oceanic Beverages 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.
Price Boundaries
Oceanic Beverages Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Oceanic Beverages Co cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Oceanic Beverages November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Oceanic Beverages stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceanic Beverages shares will generate the highest return on investment. By undertsting and applying Oceanic Beverages stock market strength indicators, traders can identify Oceanic Beverages Co entry and exit signals to maximize returns
Oceanic Beverages Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oceanic Beverages' price direction in advance. Along with the technical and fundamental analysis of Oceanic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oceanic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0201 | |||
Jensen Alpha | 0.0668 | |||
Total Risk Alpha | (0.20) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | (0.05) |
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Additional Tools for Oceanic Stock Analysis
When running Oceanic Beverages' price analysis, check to measure Oceanic Beverages' 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 Oceanic Beverages is operating at the current time. Most of Oceanic Beverages' value examination focuses on studying past and present price action to predict the probability of Oceanic Beverages' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanic Beverages' price. Additionally, you may evaluate how the addition of Oceanic Beverages to your portfolios can decrease your overall portfolio volatility.