Oceaneering International (UK) Market Value
| 0KAN Stock | 26.17 1.25 4.56% |
| Symbol | Oceaneering |
Oceaneering International '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 Oceaneering International'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 Oceaneering International.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Oceaneering International on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Oceaneering International or generate 0.0% return on investment in Oceaneering International over 30 days. Oceaneering International is related to or competes with Charter Communications, Aeorema Communications, Premier Foods, Zegona Communications, Batm Advanced, Infrastrutture Wireless, and Axway Software. Oceaneering International is entity of United Kingdom More
Oceaneering International 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 Oceaneering International'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 Oceaneering International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.96 |
Oceaneering International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceaneering International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceaneering International's standard deviation. In reality, there are many statistical measures that can use Oceaneering International historical prices to predict the future Oceaneering International's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.1209 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | 0.3957 |
Oceaneering International Backtested Returns
Oceaneering International appears to be not too volatile, given 3 months investment horizon. Oceaneering International maintains Sharpe Ratio (i.e., Efficiency) of 0.0734, which implies the firm had a 0.0734% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Oceaneering International, which you can use to evaluate the volatility of the company. Please evaluate Oceaneering International's Coefficient Of Variation of 1585.72, semi deviation of 2.62, and Risk Adjusted Performance of 0.0532 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oceaneering International holds a performance score of 5. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oceaneering International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oceaneering International is expected to be smaller as well. Please check Oceaneering International's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Oceaneering International's historical price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Oceaneering International has very good reverse predictability. Overlapping area represents the amount of predictability between Oceaneering International time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 Oceaneering International price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Oceaneering International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
Oceaneering International lagged returns against current returns
Autocorrelation, which is Oceaneering International 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 Oceaneering International's stock expected returns. We can calculate the autocorrelation of Oceaneering International returns to help us make a trade decision. For example, suppose you find that Oceaneering International 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 |
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Oceaneering International 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 Oceaneering International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceaneering International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceaneering International stock over time.
Current vs Lagged Prices |
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Oceaneering International Lagged Returns
When evaluating Oceaneering International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceaneering International stock have on its future price. Oceaneering International 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, Oceaneering International autocorrelation shows the relationship between Oceaneering International stock current value and its past values and can show if there is a momentum factor associated with investing in Oceaneering International.
Regressed Prices |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Oceaneering Stock Analysis
When running Oceaneering International's price analysis, check to measure Oceaneering International'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 Oceaneering International is operating at the current time. Most of Oceaneering International's value examination focuses on studying past and present price action to predict the probability of Oceaneering International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceaneering International's price. Additionally, you may evaluate how the addition of Oceaneering International to your portfolios can decrease your overall portfolio volatility.