Ofg Bancorp Stock Market Value
| OFG Stock | USD 46.72 1.20 2.64% |
| Symbol | OFG |
OFG Bancorp 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 OFG Bancorp. If investors know OFG 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 OFG Bancorp 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 0.053 | Dividend Share 0.97 | Earnings Share 4.13 | Revenue Per Share 13.63 | Quarterly Revenue Growth (0.02) |
The market value of OFG Bancorp is measured differently than its book value, which is the value of OFG that is recorded on the company's balance sheet. Investors also form their own opinion of OFG Bancorp's value that differs from its market value or its book value, called intrinsic value, which is OFG Bancorp'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 OFG Bancorp's market value can be influenced by many factors that don't directly affect OFG Bancorp'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 OFG Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFG Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFG Bancorp'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.
OFG Bancorp '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 OFG Bancorp'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 OFG Bancorp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in OFG Bancorp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding OFG Bancorp or generate 0.0% return on investment in OFG Bancorp over 30 days. OFG Bancorp is related to or competes with Popular, First Bancshares,, First Commonwealth, First Bancorp, Home Federal, LINKBANCORP, and Rhinebeck Bancorp. OFG Bancorp, a financial holding company, provides a range of banking and financial services More
OFG Bancorp 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 OFG Bancorp'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 OFG Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.27 |
OFG Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OFG Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OFG Bancorp's standard deviation. In reality, there are many statistical measures that can use OFG Bancorp historical prices to predict the future OFG Bancorp's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0544 |
OFG Bancorp Backtested Returns
At this point, OFG Bancorp is very steady. OFG Bancorp maintains Sharpe Ratio (i.e., Efficiency) of 0.0398, which implies the firm had a 0.0398% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for OFG Bancorp, which you can use to evaluate the volatility of the company. Please check OFG Bancorp's risk adjusted performance of 0.0438, and Semi Deviation of 2.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.098%. OFG Bancorp has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 1.99, 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, OFG Bancorp will likely underperform. OFG Bancorp now holds a risk of 2.46%. Please check OFG Bancorp total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if OFG Bancorp will be following its historical price patterns.
Auto-correlation | 0.31 |
Below average predictability
OFG Bancorp has below average predictability. Overlapping area represents the amount of predictability between OFG Bancorp 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 OFG Bancorp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current OFG Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
OFG Bancorp lagged returns against current returns
Autocorrelation, which is OFG Bancorp 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 OFG Bancorp's stock expected returns. We can calculate the autocorrelation of OFG Bancorp returns to help us make a trade decision. For example, suppose you find that OFG Bancorp 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 |
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OFG Bancorp 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 OFG Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OFG Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OFG Bancorp stock over time.
Current vs Lagged Prices |
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OFG Bancorp Lagged Returns
When evaluating OFG Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OFG Bancorp stock have on its future price. OFG Bancorp 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, OFG Bancorp autocorrelation shows the relationship between OFG Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in OFG Bancorp.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether OFG Bancorp is a strong investment it is important to analyze OFG Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OFG Bancorp's future performance. For an informed investment choice regarding OFG Stock, refer to the following important reports:Check out OFG Bancorp Correlation, OFG Bancorp Volatility and OFG Bancorp Alpha and Beta module to complement your research on OFG Bancorp. For more detail on how to invest in OFG Stock please use our How to Invest in OFG Bancorp guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
OFG Bancorp 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.