Overseas Chinese Banking Stock Market Value
| OVCHY Stock | USD 24.24 0.26 1.06% |
| Symbol | Overseas |
Overseas Chinese '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 Overseas Chinese's pink sheet 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 Overseas Chinese.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Overseas Chinese on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Overseas Chinese Banking or generate 0.0% return on investment in Overseas Chinese over 30 days. Overseas Chinese is related to or competes with Swedbank, KBC Groep, Nordea Bank, DBS Group, United Overseas, Bank Mandiri, and DBS Group. Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China... More
Overseas Chinese 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 Overseas Chinese's pink sheet 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 Overseas Chinese Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 9.12 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.4 |
Overseas Chinese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overseas Chinese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overseas Chinese's standard deviation. In reality, there are many statistical measures that can use Overseas Chinese historical prices to predict the future Overseas Chinese's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | 0.1541 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0309 | |||
| Treynor Ratio | 0.842 |
Overseas Chinese Banking Backtested Returns
Overseas Chinese appears to be very steady, given 3 months investment horizon. Overseas Chinese Banking 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 have found thirty technical indicators for Overseas Chinese Banking, which you can use to evaluate the volatility of the company. Please evaluate Overseas Chinese's Semi Deviation of 1.64, coefficient of variation of 1005.54, and Risk Adjusted Performance of 0.0823 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Overseas Chinese holds a performance score of 8. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Overseas Chinese's returns are expected to increase less than the market. However, during the bear market, the loss of holding Overseas Chinese is expected to be smaller as well. Please check Overseas Chinese's semi variance, and the relationship between the sortino ratio and rate of daily change , to make a quick decision on whether Overseas Chinese's historical price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Overseas Chinese Banking has very good reverse predictability. Overlapping area represents the amount of predictability between Overseas Chinese time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Overseas Chinese Banking price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Overseas Chinese price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Overseas Chinese Banking lagged returns against current returns
Autocorrelation, which is Overseas Chinese pink sheet'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 Overseas Chinese's pink sheet expected returns. We can calculate the autocorrelation of Overseas Chinese returns to help us make a trade decision. For example, suppose you find that Overseas Chinese has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Overseas Chinese 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 Overseas Chinese pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Overseas Chinese pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Overseas Chinese pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Overseas Chinese Lagged Returns
When evaluating Overseas Chinese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Overseas Chinese pink sheet have on its future price. Overseas Chinese 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, Overseas Chinese autocorrelation shows the relationship between Overseas Chinese pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Overseas Chinese Banking.
Regressed Prices |
| Timeline |
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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.Additional Tools for Overseas Pink Sheet Analysis
When running Overseas Chinese's price analysis, check to measure Overseas Chinese's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Overseas Chinese is operating at the current time. Most of Overseas Chinese's value examination focuses on studying past and present price action to predict the probability of Overseas Chinese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Overseas Chinese's price. Additionally, you may evaluate how the addition of Overseas Chinese to your portfolios can decrease your overall portfolio volatility.