Ocean Plastics (Taiwan) Market Value
| 1321 Stock | TWD 36.15 0.15 0.41% |
| Symbol | Ocean |
Ocean Plastics '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 Plastics' 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 Plastics.
| 01/21/2025 |
| 02/20/2025 |
If you would invest 0.00 in Ocean Plastics on January 21, 2025 and sell it all today you would earn a total of 0.00 from holding Ocean Plastics Co or generate 0.0% return on investment in Ocean Plastics over 30 days. Ocean Plastics is related to or competes with San Fang, Taita Chemical, Tah Hsin, Yonyu Plastics, and UPC Technology. Ocean Plastics Co., Ltd. manufactures and sells PVC rigid pipes and sheets primarily in Taiwan More
Ocean Plastics 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 Plastics' 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 Plastics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0664 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.73 |
Ocean Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Plastics' standard deviation. In reality, there are many statistical measures that can use Ocean Plastics historical prices to predict the future Ocean Plastics' volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.0893 | |||
| Total Risk Alpha | 0.0683 | |||
| Sortino Ratio | 0.0709 | |||
| Treynor Ratio | 0.2854 |
Ocean Plastics Backtested Returns
At this stage we consider Ocean Stock to be very steady. Ocean Plastics maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ocean Plastics, which you can use to evaluate the volatility of the company. Please check Ocean Plastics' Semi Deviation of 0.8883, risk adjusted performance of 0.0655, and Coefficient Of Variation of 1140.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Ocean Plastics has a performance score of 10 on a scale of 0 to 100. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ocean Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ocean Plastics is expected to be smaller as well. Ocean Plastics right now holds a risk of 1.23%. Please check Ocean Plastics market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Ocean Plastics will be following its historical price patterns.
Auto-correlation | 0.30 |
Below average predictability
Ocean Plastics Co has below average predictability. Overlapping area represents the amount of predictability between Ocean Plastics time series from 21st of January 2025 to 5th of February 2025 and 5th of February 2025 to 20th of February 2025. 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 Plastics price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Ocean Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ocean Plastics lagged returns against current returns
Autocorrelation, which is Ocean Plastics 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 Plastics' stock expected returns. We can calculate the autocorrelation of Ocean Plastics returns to help us make a trade decision. For example, suppose you find that Ocean Plastics 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 Plastics 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 Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Ocean Plastics Lagged Returns
When evaluating Ocean Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Plastics stock have on its future price. Ocean Plastics 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 Plastics autocorrelation shows the relationship between Ocean Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Plastics Co.
Regressed Prices |
| Timeline |
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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 Ocean Stock Analysis
When running Ocean Plastics' price analysis, check to measure Ocean Plastics' 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 Ocean Plastics is operating at the current time. Most of Ocean Plastics' value examination focuses on studying past and present price action to predict the probability of Ocean Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Plastics' price. Additionally, you may evaluate how the addition of Ocean Plastics to your portfolios can decrease your overall portfolio volatility.