Ofs Credit Stock Market Value
| OCCI Stock | USD 7.07 0.03 0.42% |
| Symbol | OFS |
OFS Credit Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OFS Credit. If investors know OFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OFS Credit listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.279 | Dividend Share 1.465 | Earnings Share 0.68 | Revenue Per Share 1.976 | Quarterly Revenue Growth 0.031 |
The market value of OFS Credit is measured differently than its book value, which is the value of OFS that is recorded on the company's balance sheet. Investors also form their own opinion of OFS Credit's value that differs from its market value or its book value, called intrinsic value, which is OFS Credit's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OFS Credit's market value can be influenced by many factors that don't directly affect OFS Credit's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OFS Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFS Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFS Credit's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
OFS Credit '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 OFS Credit'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 OFS Credit.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in OFS Credit on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding OFS Credit or generate 0.0% return on investment in OFS Credit over 30 days. OFS Credit is related to or competes with WhiteHorse Finance, Monroe Capital, Portman Ridge, Fidus Investment, Diamond Hill, Great Elm, and Investcorp Credit. Ofs Credit operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. More
OFS Credit 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 OFS Credit'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 OFS Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.54 |
OFS Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFS Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFS Credit's standard deviation. In reality, there are many statistical measures that can use OFS Credit historical prices to predict the future OFS Credit's volatility.| Risk Adjusted Performance | 0.0409 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2321 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OFS Credit's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
OFS Credit Backtested Returns
OFS Credit is not too volatile at the moment. OFS Credit maintains Sharpe Ratio (i.e., Efficiency) of 0.0426, which implies the firm had a 0.0426% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for OFS Credit, which you can use to evaluate the volatility of the company. Please check OFS Credit's Semi Deviation of 0.9618, market risk adjusted performance of 0.2421, and Risk Adjusted Performance of 0.0409 to confirm if the risk estimate we provide is consistent with the expected return of 0.0431%. OFS Credit has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, OFS Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding OFS Credit is expected to be smaller as well. OFS Credit currently holds a risk of 1.01%. Please check OFS Credit skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if OFS Credit will be following its historical price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
OFS Credit has insignificant predictability. Overlapping area represents the amount of predictability between OFS Credit time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 OFS Credit price movement. The serial correlation of 0.12 indicates that less than 12.0% of current OFS Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OFS Credit lagged returns against current returns
Autocorrelation, which is OFS Credit 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 OFS Credit's stock expected returns. We can calculate the autocorrelation of OFS Credit returns to help us make a trade decision. For example, suppose you find that OFS Credit 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 |
OFS Credit 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 OFS Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFS Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFS Credit stock over time.
Current vs Lagged Prices |
| Timeline |
OFS Credit Lagged Returns
When evaluating OFS Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFS Credit stock have on its future price. OFS Credit 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, OFS Credit autocorrelation shows the relationship between OFS Credit stock current value and its past values and can show if there is a momentum factor associated with investing in OFS Credit.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether OFS Credit offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OFS Credit's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ofs Credit Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ofs Credit Stock:Check out OFS Credit Correlation, OFS Credit Volatility and OFS Credit Alpha and Beta module to complement your research on OFS Credit. For more detail on how to invest in OFS Stock please use our How to Invest in OFS Credit guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
OFS Credit technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.