Oceanfirst Financial Corp Stock Market Value
| OCFC Stock | USD 20.88 0.74 3.67% |
| Symbol | OceanFirst |
OceanFirst Financial Corp Price To Book Ratio
Is Regional 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 OceanFirst Financial. If investors know OceanFirst 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 OceanFirst Financial 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 0.258 | Dividend Share 0.8 | Earnings Share 1.75 | Revenue Per Share 6.515 | Quarterly Revenue Growth 0.054 |
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial'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 OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial'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 OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if OceanFirst Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial'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.
OceanFirst Financial '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 OceanFirst Financial'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 OceanFirst Financial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in OceanFirst Financial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding OceanFirst Financial Corp or generate 0.0% return on investment in OceanFirst Financial over 30 days. OceanFirst Financial is related to or competes with Flushing Financial, Dime Community, Peapack Gladstone, and Heritage Financial. OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A More
OceanFirst Financial 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 OceanFirst Financial'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 OceanFirst Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 21.47 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 4.29 |
OceanFirst Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OceanFirst Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OceanFirst Financial's standard deviation. In reality, there are many statistical measures that can use OceanFirst Financial historical prices to predict the future OceanFirst Financial's volatility.| Risk Adjusted Performance | 0.1109 | |||
| Jensen Alpha | 0.0545 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1368 | |||
| Treynor Ratio | 0.1401 |
OceanFirst Financial Corp Backtested Returns
OceanFirst Financial appears to be not too volatile, given 3 months investment horizon. OceanFirst Financial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for OceanFirst Financial Corp, which you can use to evaluate the volatility of the company. Please evaluate OceanFirst Financial's Risk Adjusted Performance of 0.1109, coefficient of variation of 740.99, and Semi Deviation of 1.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OceanFirst Financial holds a performance score of 9. The company holds a Beta of 2.82, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OceanFirst Financial will likely underperform. Please check OceanFirst Financial's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether OceanFirst Financial's historical price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
OceanFirst Financial Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between OceanFirst Financial time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 OceanFirst Financial Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current OceanFirst Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
OceanFirst Financial Corp lagged returns against current returns
Autocorrelation, which is OceanFirst Financial 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 OceanFirst Financial's stock expected returns. We can calculate the autocorrelation of OceanFirst Financial returns to help us make a trade decision. For example, suppose you find that OceanFirst Financial 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 |
OceanFirst Financial 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 OceanFirst Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OceanFirst Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OceanFirst Financial stock over time.
Current vs Lagged Prices |
| Timeline |
OceanFirst Financial Lagged Returns
When evaluating OceanFirst Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OceanFirst Financial stock have on its future price. OceanFirst Financial 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, OceanFirst Financial autocorrelation shows the relationship between OceanFirst Financial stock current value and its past values and can show if there is a momentum factor associated with investing in OceanFirst Financial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether OceanFirst Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OceanFirst Financial'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 Oceanfirst Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceanfirst Financial Corp Stock:Check out OceanFirst Financial Correlation, OceanFirst Financial Volatility and OceanFirst Financial Alpha and Beta module to complement your research on OceanFirst Financial. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
OceanFirst Financial 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.