Ocean Glass (Thailand) Market Value
| OGC Stock | THB 19.00 0.60 3.06% |
| Symbol | Ocean |
Ocean Glass '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 Ocean Glass' 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 Ocean Glass.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ocean Glass on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ocean Glass Public or generate 0.0% return on investment in Ocean Glass over 660 days. Ocean Glass is related to or competes with TRC Construction, Bangkok Expressway, Lohakit Metal, Gunkul Engineering, AJ Plast, Kiatnakin Phatra, and RS Public. Ocean Glass Public Company Limited, together with its subsidiaries, manufactures and sells table glassware in Thailand More
Ocean Glass 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 Ocean Glass' 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 Ocean Glass Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.2 |
Ocean Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Glass' standard deviation. In reality, there are many statistical measures that can use Ocean Glass historical prices to predict the future Ocean Glass' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.4491 |
Ocean Glass Public Backtested Returns
Ocean Glass is out of control given 3 months investment horizon. Ocean Glass Public maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.08% are justified by taking the suggested risk. Use Ocean Glass Variance of 2.39, risk adjusted performance of (0.09), and Coefficient Of Variation of (817.34) to evaluate company specific risk that cannot be diversified away. Ocean Glass holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ocean Glass are expected to decrease at a much lower rate. During the bear market, Ocean Glass is likely to outperform the market. Use Ocean Glass jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on Ocean Glass.
Auto-correlation | 0.38 |
Below average predictability
Ocean Glass Public has below average predictability. Overlapping area represents the amount of predictability between Ocean Glass time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Ocean Glass Public price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Ocean Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 |
Ocean Glass Public lagged returns against current returns
Autocorrelation, which is Ocean Glass 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 Ocean Glass' stock expected returns. We can calculate the autocorrelation of Ocean Glass returns to help us make a trade decision. For example, suppose you find that Ocean Glass 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 |
Ocean Glass 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 Ocean Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Ocean Glass Lagged Returns
When evaluating Ocean Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Glass stock have on its future price. Ocean Glass 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, Ocean Glass autocorrelation shows the relationship between Ocean Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Glass Public.
Regressed Prices |
| Timeline |
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Ocean Glass financial ratios help investors to determine whether Ocean 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 Ocean with respect to the benefits of owning Ocean Glass security.