Ocean Sun (Norway) Market Value
| OSUN Stock | NOK 1.89 0.02 1.05% |
| Symbol | Ocean |
Ocean Sun '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 Sun'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 Ocean Sun.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ocean Sun on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ocean Sun As or generate 0.0% return on investment in Ocean Sun over 180 days. Ocean Sun is related to or competes with Hexagon Purus, Zaptec AS, Nel ASA, Elkem ASA, Vow ASA, North Energy, and Axactor SE. Ocean Sun AS develops floating power system with solar panels More
Ocean Sun 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 Sun'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 Ocean Sun As upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.15 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 36.65 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 10.53 |
Ocean Sun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Sun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Sun's standard deviation. In reality, there are many statistical measures that can use Ocean Sun historical prices to predict the future Ocean Sun's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.1467 | |||
| Total Risk Alpha | (0.87) | |||
| Sortino Ratio | 0.0116 | |||
| Treynor Ratio | 0.5879 |
Ocean Sun As Backtested Returns
Ocean Sun appears to be dangerous, given 3 months investment horizon. Ocean Sun As maintains Sharpe Ratio (i.e., Efficiency) of 0.0454, which implies the firm had a 0.0454% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ocean Sun As, which you can use to evaluate the volatility of the company. Please evaluate Ocean Sun's Coefficient Of Variation of 3211.33, risk adjusted performance of 0.0326, and Semi Deviation of 4.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ocean Sun holds a performance score of 3. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ocean Sun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ocean Sun is expected to be smaller as well. Please check Ocean Sun's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ocean Sun's historical price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Ocean Sun As has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ocean Sun time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Sun As price movement. The serial correlation of -0.18 indicates that over 18.0% of current Ocean Sun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ocean Sun As lagged returns against current returns
Autocorrelation, which is Ocean Sun 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 Sun's stock expected returns. We can calculate the autocorrelation of Ocean Sun returns to help us make a trade decision. For example, suppose you find that Ocean Sun 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 Sun 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 Sun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Sun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Sun stock over time.
Current vs Lagged Prices |
| Timeline |
Ocean Sun Lagged Returns
When evaluating Ocean Sun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Sun stock have on its future price. Ocean Sun 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 Sun autocorrelation shows the relationship between Ocean Sun stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Sun As.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Ocean Stock
Ocean Sun 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 Sun security.