Ocean Plastics (Taiwan) Price on November 22, 2024
| 1321 Stock | TWD 32.95 0.05 0.15% |
If you're considering investing in Ocean Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ocean Plastics stands at 32.95, as last reported on the 30th of November, with the highest price reaching 33.10 and the lowest price hitting 32.75 during the day. Ocean Plastics maintains Sharpe Ratio (i.e., Efficiency) of -0.25, which implies the firm had a -0.25% return per unit of risk over the last 3 months. Ocean Plastics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocean Plastics' Risk Adjusted Performance of (0.18), variance of 1.13, and Coefficient Of Variation of (410.13) to confirm the risk estimate we provide.
Ocean Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocean |
Sharpe Ratio = -0.2524
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| Negative Returns | 1321 |
Estimated Market Risk
| 1.08 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocean Plastics 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 Ocean Plastics by adding Ocean Plastics to a well-diversified portfolio.
Ocean Plastics Valuation on November 22, 2024
It is possible to determine the worth of Ocean Plastics on a given historical date. On November 22, 2024 Ocean was worth 33.3 at the beginning of the trading date compared to the closed value of 33.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocean Plastics stock. Still, in general, we apply an absolute valuation method to find Ocean Plastics' 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 Ocean Plastics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocean Plastics' related companies.
| Open | High | Low | Close | Volume | |
| 33.20 | 33.35 | 33.00 | 33.10 | 348,000 | |
11/22/2024 | 33.30 | 33.50 | 33.15 | 33.20 | 143,178 |
| 33.50 | 34.20 | 33.45 | 33.95 | 415,350 |
| Backtest Ocean Plastics | | | Ocean Plastics History | | | Ocean Plastics Valuation | Previous | Next |
Ocean Plastics Trading Date Momentum on November 22, 2024
| On November 25 2024 Ocean Plastics Co was traded for 33.95 at the closing time. The highest price during the trading period was 34.20 and the lowest recorded bid was listed for 33.45 . The volume for the day was 415.4 K. This history from November 25, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.26% . The trading delta at closing time to the current price is 0.75% . |
Ocean Plastics Fundamentals Correlations and Trends
By evaluating Ocean Plastics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocean Plastics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocean financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocean Plastics Stock history
Ocean Plastics 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 Ocean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocean Plastics 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 Ocean Plastics stock prices may prove useful in developing a viable investing in Ocean Plastics
Ocean Plastics Co., Ltd. manufactures and sells PVC rigid pipes and sheets primarily in Taiwan. Ocean Plastics Co., Ltd. was founded in 1965 and is based in Taipei City, Taiwan. OCEAN PLASTICS operates under Rubber Plastics classification in Taiwan and is traded on Taiwan Stock Exchange.
Ocean Plastics Stock Technical Analysis
Ocean Plastics 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
Ocean Plastics Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Ocean Plastics 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.
Ocean Plastics November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocean Plastics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Plastics shares will generate the highest return on investment. By undertsting and applying Ocean Plastics stock market strength indicators, traders can identify Ocean Plastics Co entry and exit signals to maximize returns
Ocean Plastics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocean Plastics' price direction in advance. Along with the technical and fundamental analysis of Ocean Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocean 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 | (0.18) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.99) |
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Additional Tools for Ocean Stock Analysis
When running Ocean Plastics' price analysis, check to measure Ocean Plastics' 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 Ocean Plastics is operating at the current time. Most of Ocean Plastics' value examination focuses on studying past and present price action to predict the probability of Ocean Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Plastics' price. Additionally, you may evaluate how the addition of Ocean Plastics to your portfolios can decrease your overall portfolio volatility.