Oceanic Beverages (Taiwan) Market Value
| 1213 Stock | TWD 12.30 0.20 1.65% |
| Symbol | Oceanic |
Oceanic Beverages '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 Oceanic Beverages' 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 Oceanic Beverages.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Oceanic Beverages on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Oceanic Beverages Co or generate 0.0% return on investment in Oceanic Beverages over 30 days. Oceanic Beverages is related to or competes with Hey Song, AGV Products, Taisun Enterprise, and Ten Ren. Oceanic Beverages Co., Inc. manufactures and sells apple soda, apple juices, mineral water, and various other soft drink... More
Oceanic Beverages 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 Oceanic Beverages' 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 Oceanic Beverages Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.12 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.54 |
Oceanic Beverages Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceanic Beverages' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceanic Beverages' standard deviation. In reality, there are many statistical measures that can use Oceanic Beverages historical prices to predict the future Oceanic Beverages' volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | 0.0329 | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.0424 |
Oceanic Beverages Backtested Returns
At this stage we consider Oceanic Stock to be not too volatile. Oceanic Beverages maintains Sharpe Ratio (i.e., Efficiency) of 0.0337, which implies the firm had a 0.0337% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Oceanic Beverages, which you can use to evaluate the volatility of the company. Please check Oceanic Beverages' Risk Adjusted Performance of 7.0E-4, variance of 2.16, and Coefficient Of Variation of (18,817) to confirm if the risk estimate we provide is consistent with the expected return of 0.0488%. Oceanic Beverages has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Oceanic Beverages are expected to decrease at a much lower rate. During the bear market, Oceanic Beverages is likely to outperform the market. Oceanic Beverages right now holds a risk of 1.45%. Please check Oceanic Beverages market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Oceanic Beverages will be following its historical price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Oceanic Beverages Co has poor reverse predictability. Overlapping area represents the amount of predictability between Oceanic Beverages time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Oceanic Beverages price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Oceanic Beverages price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Oceanic Beverages lagged returns against current returns
Autocorrelation, which is Oceanic Beverages 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 Oceanic Beverages' stock expected returns. We can calculate the autocorrelation of Oceanic Beverages returns to help us make a trade decision. For example, suppose you find that Oceanic Beverages 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 |
Oceanic Beverages 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 Oceanic Beverages stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceanic Beverages stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceanic Beverages stock over time.
Current vs Lagged Prices |
| Timeline |
Oceanic Beverages Lagged Returns
When evaluating Oceanic Beverages' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceanic Beverages stock have on its future price. Oceanic Beverages 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, Oceanic Beverages autocorrelation shows the relationship between Oceanic Beverages stock current value and its past values and can show if there is a momentum factor associated with investing in Oceanic Beverages Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Oceanic Stock Analysis
When running Oceanic Beverages' price analysis, check to measure Oceanic Beverages' 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 Oceanic Beverages is operating at the current time. Most of Oceanic Beverages' value examination focuses on studying past and present price action to predict the probability of Oceanic Beverages' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanic Beverages' price. Additionally, you may evaluate how the addition of Oceanic Beverages to your portfolios can decrease your overall portfolio volatility.