Ofx Group Ltd Stock Price on May 21, 2024
| OZFRY Stock | USD 4.35 2.98 40.65% |
If you're considering investing in OFX Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of OFX Group stands at 4.35, as last reported on the 29th of November, with the highest price reaching 4.35 and the lowest price hitting 4.35 during the day. OFX Group is unstable given 3 months investment horizon. OFX Group maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of standard deviation over the last 3 months. We were able to interpolate data for twenty different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use OFX Group Market Risk Adjusted Performance of 3.28, risk adjusted performance of 0.1034, and Coefficient Of Variation of 812.4 to evaluate company specific risk that cannot be diversified away.
OFX Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
OFX |
Sharpe Ratio = 0.126
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Estimated Market Risk
| 8.39 actual daily | 74 74% of assets are less volatile |
Expected Return
| 1.06 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average OFX Group 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 OFX Group by adding it to a well-diversified portfolio.
OFX Group Valuation on May 21, 2024
It is possible to determine the worth of OFX Group on a given historical date. On May 21, 2024 OFX was worth 4.4 at the beginning of the trading date compared to the closed value of 4.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OFX Group pink sheet. Still, in general, we apply an absolute valuation method to find OFX Group'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 OFX Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OFX Group's related companies.
| Open | High | Low | Close | Volume | |
| 4.40 | 4.40 | 4.40 | 4.40 | 1.00 | |
05/21/2024 | 4.40 | 4.40 | 4.40 | 4.40 | 1.00 |
| 4.40 | 4.40 | 4.40 | 4.40 | 1.00 |
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OFX Group Trading Date Momentum on May 21, 2024
| On May 22 2024 OFX Group Ltd was traded for 4.40 at the closing time. The highest daily price throughout the period was 4.40 and the lowest price was 4.40 . There was no trading activity during the period 1.0. Lack of trading volume on 05/22/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
OFX Group Fundamentals Correlations and Trends
By evaluating OFX Group'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 OFX Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OFX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OFX Group Pink Sheet history
OFX Group 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 OFX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OFX Group 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 OFX Group stock prices may prove useful in developing a viable investing in OFX Group
OFX Group Limited provides international payments and foreign exchange services. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia. Ofx Group operates under Capital Markets classification in the United States and is traded on OTC Exchange. It employs 450 people.
OFX Group Pink Sheet Technical Analysis
OFX Group technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
OFX Group Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
OFX Group Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
OFX Group November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how OFX Group pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OFX Group shares will generate the highest return on investment. By undertsting and applying OFX Group pink sheet market strength indicators, traders can identify OFX Group Ltd entry and exit signals to maximize returns
OFX Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OFX Group's price direction in advance. Along with the technical and fundamental analysis of OFX Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of OFX 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 | 0.1034 | |||
| Jensen Alpha | 0.9637 | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 3.27 |
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Additional Tools for OFX Pink Sheet Analysis
When running OFX Group's price analysis, check to measure OFX Group'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 OFX Group is operating at the current time. Most of OFX Group's value examination focuses on studying past and present price action to predict the probability of OFX Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFX Group's price. Additionally, you may evaluate how the addition of OFX Group to your portfolios can decrease your overall portfolio volatility.