Oceana (South Africa) Price on June 11, 2024

OCE Stock   6,750  103.00  1.50%   
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 6,750, as last reported on the 1st of December, with the highest price reaching 6,889 and the lowest price hitting 6,736 during the day. Oceana maintains Sharpe Ratio (i.e., Efficiency) of -0.0114, which implies the firm had a -0.0114% 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 Coefficient Of Variation of (1,829), variance of 1.1, and Risk Adjusted Performance of (0.04) 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.

Sharpe Ratio = -0.0114

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsOCE

Estimated Market Risk

 1.0
  actual daily
8
92% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  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 11, 2024

It is possible to determine the worth of Oceana on a given historical date. On June 11, 2024 Oceana was worth 7499.0 at the beginning of the trading date compared to the closed value of 7548.0. 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
  7,367    7,569    7,367    7,415    34,654  
06/11/2024
  7,499    7,599    7,448    7,548    200,465  
  7,571    7,571    7,505    7,540    150,092  
Backtest Oceana  |  Oceana History  |  Oceana Valuation   PreviousNext  
Open Value
7499.0
7548.0
Closing Value
7,502
Upside

Oceana Trading Date Momentum on June 11, 2024

On June 12 2024 Oceana was traded for  7,540  at the closing time. The highest price during the trading period was 7,571  and the lowest recorded bid was listed for  7,505 . The volume for the day was 150.1 K. This history from June 12, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.11% . The trading delta at closing time to the current price is 4.04% .

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.
A focus of Oceana technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oceana trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Oceana Period Price Range

Low
December 1, 2024
0.00  NaN%
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 December 1, 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.

Complementary Tools for Oceana Stock analysis

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.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Global Correlations
Find global opportunities by holding instruments from different markets
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges