Oceania Healthcare (Australia) Market Value
| OCA Stock | 0.65 0.05 7.14% |
| Symbol | Oceania |
Oceania Healthcare '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 Oceania Healthcare'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 Oceania Healthcare.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Oceania Healthcare on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Oceania Healthcare or generate 0.0% return on investment in Oceania Healthcare over 30 days. Oceania Healthcare is related to or competes with PM Capital, Macquarie Group, Wam Leaders, and Staude Capital. Oceania Healthcare is entity of Australia More
Oceania Healthcare 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 Oceania Healthcare'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 Oceania Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.96 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 5.71 |
Oceania Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceania Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceania Healthcare's standard deviation. In reality, there are many statistical measures that can use Oceania Healthcare historical prices to predict the future Oceania Healthcare's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 0.407 |
Oceania Healthcare Backtested Returns
Oceania Healthcare maintains Sharpe Ratio (i.e., Efficiency) of -0.0687, which implies the firm had a -0.0687% return per unit of risk over the last 3 months. Oceania Healthcare exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceania Healthcare's Risk Adjusted Performance of (0.03), coefficient of variation of (1,847), and Variance of 14.26 to confirm the risk estimate we provide. The company holds a Beta of -0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Oceania Healthcare are expected to decrease at a much lower rate. During the bear market, Oceania Healthcare is likely to outperform the market. At this point, Oceania Healthcare has a negative expected return of -0.25%. Please make sure to check Oceania Healthcare's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Oceania Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Oceania Healthcare has below average predictability. Overlapping area represents the amount of predictability between Oceania Healthcare time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Oceania Healthcare price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Oceania Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oceania Healthcare lagged returns against current returns
Autocorrelation, which is Oceania Healthcare 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 Oceania Healthcare's stock expected returns. We can calculate the autocorrelation of Oceania Healthcare returns to help us make a trade decision. For example, suppose you find that Oceania Healthcare 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 |
Oceania Healthcare 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 Oceania Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceania Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceania Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Oceania Healthcare Lagged Returns
When evaluating Oceania Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceania Healthcare stock have on its future price. Oceania Healthcare 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, Oceania Healthcare autocorrelation shows the relationship between Oceania Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Oceania Healthcare.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Oceania Stock Analysis
When running Oceania Healthcare's price analysis, check to measure Oceania Healthcare'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 Oceania Healthcare is operating at the current time. Most of Oceania Healthcare's value examination focuses on studying past and present price action to predict the probability of Oceania Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceania Healthcare's price. Additionally, you may evaluate how the addition of Oceania Healthcare to your portfolios can decrease your overall portfolio volatility.