OCBC (Germany) Market Value
| OCBA Stock | 11.57 0.23 2.03% |
| Symbol | OCBC |
OCBC '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 OCBC'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 OCBC.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in OCBC on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding OCBC or generate 0.0% return on investment in OCBC over 30 days. OCBC is related to or competes with Hanover Insurance, Reinsurance Group, Bumrungrad Hospital, and HANOVER INSURANCE. More
OCBC 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 OCBC'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 OCBC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.1195 | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.81 |
OCBC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OCBC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OCBC's standard deviation. In reality, there are many statistical measures that can use OCBC historical prices to predict the future OCBC's volatility.| Risk Adjusted Performance | 0.1793 | |||
| Jensen Alpha | 0.2885 | |||
| Total Risk Alpha | 0.0801 | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | (0.78) |
OCBC Backtested Returns
OCBC appears to be somewhat reliable, given 3 months investment horizon. OCBC retains Efficiency (Sharpe Ratio) of 0.21, which implies the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for OCBC, which you can use to evaluate the volatility of the entity. Please evaluate OCBC's semi deviation of 0.7072, and Market Risk Adjusted Performance of (0.77) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OCBC holds a performance score of 16. The firm owns a Beta (Systematic Risk) of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OCBC are expected to decrease at a much lower rate. During the bear market, OCBC is likely to outperform the market. Please check OCBC's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether OCBC's current price history will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
OCBC has poor reverse predictability. Overlapping area represents the amount of predictability between OCBC time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 OCBC price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current OCBC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
OCBC lagged returns against current returns
Autocorrelation, which is OCBC 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 OCBC's stock expected returns. We can calculate the autocorrelation of OCBC returns to help us make a trade decision. For example, suppose you find that OCBC 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 |
OCBC 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 OCBC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OCBC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OCBC stock over time.
Current vs Lagged Prices |
| Timeline |
OCBC Lagged Returns
When evaluating OCBC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OCBC stock have on its future price. OCBC 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, OCBC autocorrelation shows the relationship between OCBC stock current value and its past values and can show if there is a momentum factor associated with investing in OCBC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OCBC Stock Analysis
When running OCBC's price analysis, check to measure OCBC'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 OCBC is operating at the current time. Most of OCBC's value examination focuses on studying past and present price action to predict the probability of OCBC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OCBC's price. Additionally, you may evaluate how the addition of OCBC to your portfolios can decrease your overall portfolio volatility.