Oceana (South Africa) Price on June 7, 2024
OCE Stock | 6,820 50.00 0.73% |
If you're considering investing in Oceana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Oceana stands at 6,820, as last reported on the 24th of November, with the highest price reaching 6,899 and the lowest price hitting 6,794 during the day. Oceana maintains Sharpe Ratio (i.e., Efficiency) of -0.0447, which implies the firm had a -0.0447% return per unit of risk over the last 3 months. Oceana exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceana's Variance of 1.1, risk adjusted performance of (0.01), and Coefficient Of Variation of (6,836) to confirm the risk estimate we provide.
Oceana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Oceana |
Sharpe Ratio = -0.0447
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Estimated Market Risk
1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oceana 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 Oceana by adding Oceana to a well-diversified portfolio.
Oceana Valuation on June 7, 2024
It is possible to determine the worth of Oceana on a given historical date. On June 7, 2024 Oceana was worth 7250.0 at the beginning of the trading date compared to the closed value of 7325.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oceana stock. Still, in general, we apply an absolute valuation method to find Oceana'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 Oceana where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oceana's related companies.
Open | High | Low | Close | Volume | |
7,271 | 7,271 | 7,201 | 7,250 | 31,364 | |
06/07/2024 | 7,250 | 7,325 | 7,249 | 7,325 | 250,614 |
7,367 | 7,569 | 7,367 | 7,415 | 34,654 |
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Oceana Trading Date Momentum on June 7, 2024
On June 10 2024 Oceana was traded for 7,415 at the closing time. The highest price during the trading period was 7,569 and the lowest recorded bid was listed for 7,367 . The volume for the day was 34.7 K. This history from June 10, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.23% . The trading delta at closing time to the current price is 3.07% . |
Oceana Fundamentals Correlations and Trends
By evaluating Oceana'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 Oceana's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oceana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oceana Stock history
Oceana 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 Oceana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oceana 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 Oceana stock prices may prove useful in developing a viable investing in Oceana
Oceana Stock Technical Analysis
Oceana 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
Oceana Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Oceana cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
Oceana November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Oceana stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceana shares will generate the highest return on investment. By undertsting and applying Oceana stock market strength indicators, traders can identify Oceana entry and exit signals to maximize returns
Oceana Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oceana's price direction in advance. Along with the technical and fundamental analysis of Oceana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oceana 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 | (0.01) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.23) |
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Math Transform | ||
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
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When running Oceana's price analysis, check to measure Oceana's 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 Oceana is operating at the current time. Most of Oceana's value examination focuses on studying past and present price action to predict the probability of Oceana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceana's price. Additionally, you may evaluate how the addition of Oceana to your portfolios can decrease your overall portfolio volatility.
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