Ofs Credit Preferred Stock Price on October 2, 2024
| OCCIO Preferred Stock | USD 24.82 0.16 0.65% |
If you're considering investing in OFS Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of OFS Credit stands at 24.82, as last reported on the 26th of November, with the highest price reaching 24.82 and the lowest price hitting 24.69 during the day. As of now, OFS Preferred Stock is very steady. OFS Credit maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for OFS Credit, which you can use to evaluate the volatility of the company. Please check OFS Credit's Risk Adjusted Performance of 0.0732, semi deviation of 0.2764, and Market Risk Adjusted Performance of 0.4663 to confirm if the risk estimate we provide is consistent with the expected return of 0.0517%.
OFS Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OFS |
Sharpe Ratio = 0.1147
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Estimated Market Risk
| 0.45 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 9 91% of assets perform better |
Based on monthly moving average OFS Credit is performing at about 9% 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 OFS Credit by adding it to a well-diversified portfolio.
OFS Credit Valuation on October 2, 2024
It is possible to determine the worth of OFS Credit on a given historical date. On October 2, 2024 OFS was worth 24.4 at the beginning of the trading date compared to the closed value of 24.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OFS Credit preferred stock. Still, in general, we apply an absolute valuation method to find OFS Credit's 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 OFS Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OFS Credit's related companies.
| Open | High | Low | Close | Volume | |
| 24.29 | 24.39 | 24.29 | 24.39 | 3,100 | |
10/02/2024 | 24.40 | 24.63 | 24.37 | 24.63 | 5,000 |
| 24.40 | 24.53 | 24.35 | 24.44 | 10,300 |
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OFS Credit Trading Date Momentum on October 2, 2024
| On October 03 2024 OFS Credit was traded for 24.44 at the closing time. The highest daily price throughout the period was 24.53 and the lowest price was 24.35 . The daily volume was 10.3 K. The net trading volume on 10/03/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.77% . The trading delta at closing time to current closing price is 0.41% . |
OFS Credit Fundamentals Correlations and Trends
By evaluating OFS Credit's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among OFS Credit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OFS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OFS Credit Preferred Stock history
OFS Credit 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 OFS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OFS Credit 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 OFS Credit stock prices may prove useful in developing a viable investing in OFS Credit
OFS Credit Preferred Stock Technical Analysis
OFS Credit technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
OFS Credit Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
OFS Credit cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
OFS Credit November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how OFS Credit preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OFS Credit shares will generate the highest return on investment. By undertsting and applying OFS Credit preferred stock market strength indicators, traders can identify OFS Credit entry and exit signals to maximize returns
OFS Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OFS Credit's price direction in advance. Along with the technical and fundamental analysis of OFS Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OFS 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 | 0.0732 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.4563 |
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Other Information on Investing in OFS Preferred Stock
OFS Credit financial ratios help investors to determine whether OFS Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OFS with respect to the benefits of owning OFS Credit security.