Ocean Vantage's market value is the price at which a share of Ocean Vantage trades on a public exchange. It measures the collective expectations of Ocean Vantage Holdings investors about its performance. Ocean Vantage is selling for 0.14 as of the 27th of November 2024. This is a 6.67 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.14. With this module, you can estimate the performance of a buy and hold strategy of Ocean Vantage Holdings and determine expected loss or profit from investing in Ocean Vantage over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Ocean
Ocean Vantage 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ocean Vantage's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ocean Vantage.
0.00
12/08/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/27/2024
0.00
If you would invest 0.00 in Ocean Vantage on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ocean Vantage Holdings or generate 0.0% return on investment in Ocean Vantage over 720 days.
Ocean Vantage Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ocean Vantage's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ocean Vantage Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Vantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Vantage's standard deviation. In reality, there are many statistical measures that can use Ocean Vantage historical prices to predict the future Ocean Vantage's volatility.
Ocean Vantage Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Ocean Vantage Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocean Vantage's Risk Adjusted Performance of (0.08), variance of 9.3, and Coefficient Of Variation of (915.02) to confirm the risk estimate we provide. The company holds a Beta of -0.0536, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ocean Vantage are expected to decrease at a much lower rate. During the bear market, Ocean Vantage is likely to outperform the market. At this point, Ocean Vantage Holdings has a negative expected return of -0.35%. Please make sure to check Ocean Vantage's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ocean Vantage Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.15
Insignificant reverse predictability
Ocean Vantage Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ocean Vantage time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ocean Vantage Holdings price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Ocean Vantage price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.15
Spearman Rank Test
-0.44
Residual Average
0.0
Price Variance
0.0
Ocean Vantage Holdings lagged returns against current returns
Autocorrelation, which is Ocean Vantage stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ocean Vantage's stock expected returns. We can calculate the autocorrelation of Ocean Vantage returns to help us make a trade decision. For example, suppose you find that Ocean Vantage has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Ocean Vantage regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ocean Vantage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Vantage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Vantage stock over time.
Current vs Lagged Prices
Timeline
Ocean Vantage Lagged Returns
When evaluating Ocean Vantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Vantage stock have on its future price. Ocean Vantage autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ocean Vantage autocorrelation shows the relationship between Ocean Vantage stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Vantage Holdings.
Regressed Prices
Timeline
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