Oversea-Chinese BankingLimited (Germany) Market Value
| OCBA Stock | EUR 11.72 0.08 0.68% |
| Symbol | Oversea-Chinese |
Oversea-Chinese BankingLimited '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 Oversea-Chinese BankingLimited'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 Oversea-Chinese BankingLimited.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Oversea-Chinese BankingLimited on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Oversea Chinese Banking or generate 0.0% return on investment in Oversea-Chinese BankingLimited over 30 days. Oversea-Chinese BankingLimited is related to or competes with Deutsche Bank, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China... More
Oversea-Chinese BankingLimited 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 Oversea-Chinese BankingLimited'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 Oversea Chinese Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1198 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.51 |
Oversea-Chinese BankingLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oversea-Chinese BankingLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oversea-Chinese BankingLimited's standard deviation. In reality, there are many statistical measures that can use Oversea-Chinese BankingLimited historical prices to predict the future Oversea-Chinese BankingLimited's volatility.| Risk Adjusted Performance | 0.1658 | |||
| Jensen Alpha | 0.3144 | |||
| Total Risk Alpha | 0.0687 | |||
| Sortino Ratio | 0.1465 | |||
| Treynor Ratio | (1.28) |
Oversea-Chinese BankingLimited Backtested Returns
Oversea-Chinese BankingLimited appears to be very steady, given 3 months investment horizon. Oversea-Chinese BankingLimited maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Oversea-Chinese BankingLimited, which you can use to evaluate the volatility of the company. Please evaluate Oversea-Chinese BankingLimited's Coefficient Of Variation of 474.05, risk adjusted performance of 0.1658, and Semi Deviation of 0.7717 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oversea-Chinese BankingLimited holds a performance score of 15. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oversea-Chinese BankingLimited are expected to decrease at a much lower rate. During the bear market, Oversea-Chinese BankingLimited is likely to outperform the market. Please check Oversea-Chinese BankingLimited's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Oversea-Chinese BankingLimited's historical price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Oversea Chinese Banking has below average predictability. Overlapping area represents the amount of predictability between Oversea-Chinese BankingLimited time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Oversea-Chinese BankingLimited price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Oversea-Chinese BankingLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Oversea-Chinese BankingLimited lagged returns against current returns
Autocorrelation, which is Oversea-Chinese BankingLimited 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 Oversea-Chinese BankingLimited's stock expected returns. We can calculate the autocorrelation of Oversea-Chinese BankingLimited returns to help us make a trade decision. For example, suppose you find that Oversea-Chinese BankingLimited 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 |
Oversea-Chinese BankingLimited 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 Oversea-Chinese BankingLimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oversea-Chinese BankingLimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oversea-Chinese BankingLimited stock over time.
Current vs Lagged Prices |
| Timeline |
Oversea-Chinese BankingLimited Lagged Returns
When evaluating Oversea-Chinese BankingLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oversea-Chinese BankingLimited stock have on its future price. Oversea-Chinese BankingLimited 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, Oversea-Chinese BankingLimited autocorrelation shows the relationship between Oversea-Chinese BankingLimited stock current value and its past values and can show if there is a momentum factor associated with investing in Oversea Chinese Banking.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Oversea-Chinese Stock
Oversea-Chinese BankingLimited financial ratios help investors to determine whether Oversea-Chinese Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oversea-Chinese with respect to the benefits of owning Oversea-Chinese BankingLimited security.