Ohio Valley Banc Stock Market Value
| OVBC Stock | USD 27.75 0.09 0.32% |
| Symbol | Ohio |
Ohio Valley Banc 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 Ohio Valley. If investors know Ohio 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 Ohio Valley 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 0.224 | Dividend Share 0.88 | Earnings Share 2.47 | Revenue Per Share 12.065 | Quarterly Revenue Growth 0.112 |
The market value of Ohio Valley Banc is measured differently than its book value, which is the value of Ohio that is recorded on the company's balance sheet. Investors also form their own opinion of Ohio Valley's value that differs from its market value or its book value, called intrinsic value, which is Ohio Valley'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 Ohio Valley's market value can be influenced by many factors that don't directly affect Ohio Valley'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 Ohio Valley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ohio Valley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ohio Valley'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.
Ohio Valley '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 Ohio Valley'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 Ohio Valley.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Ohio Valley on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Ohio Valley Banc or generate 0.0% return on investment in Ohio Valley over 570 days. Ohio Valley is related to or competes with Home Federal, Lake Shore, Community West, Magyar Bancorp, and Oak Valley. Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial an... More
Ohio Valley 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 Ohio Valley'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 Ohio Valley Banc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0796 | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.91 |
Ohio Valley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ohio Valley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ohio Valley's standard deviation. In reality, there are many statistical measures that can use Ohio Valley historical prices to predict the future Ohio Valley's volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 0.2116 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1097 | |||
| Treynor Ratio | 0.4432 |
Ohio Valley Banc Backtested Returns
Ohio Valley appears to be very steady, given 3 months investment horizon. Ohio Valley Banc 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 Ohio Valley Banc, which you can use to evaluate the volatility of the company. Please evaluate Ohio Valley's Risk Adjusted Performance of 0.1144, semi deviation of 1.15, and Coefficient Of Variation of 710.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ohio Valley holds a performance score of 9. The company holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ohio Valley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ohio Valley is expected to be smaller as well. Please check Ohio Valley's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Ohio Valley's historical price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Ohio Valley Banc has virtually no predictability. Overlapping area represents the amount of predictability between Ohio Valley time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Ohio Valley Banc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Ohio Valley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 4.69 |
Ohio Valley Banc lagged returns against current returns
Autocorrelation, which is Ohio Valley 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 Ohio Valley's stock expected returns. We can calculate the autocorrelation of Ohio Valley returns to help us make a trade decision. For example, suppose you find that Ohio Valley 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 |
Ohio Valley 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 Ohio Valley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ohio Valley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ohio Valley stock over time.
Current vs Lagged Prices |
| Timeline |
Ohio Valley Lagged Returns
When evaluating Ohio Valley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ohio Valley stock have on its future price. Ohio Valley 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, Ohio Valley autocorrelation shows the relationship between Ohio Valley stock current value and its past values and can show if there is a momentum factor associated with investing in Ohio Valley Banc.
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 Ohio Valley Banc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ohio Valley'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 Ohio Valley Banc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ohio Valley Banc Stock:Check out Ohio Valley Correlation, Ohio Valley Volatility and Ohio Valley Alpha and Beta module to complement your research on Ohio Valley. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Ohio Valley 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.