OCINV 67 16 MAR 33 Market Value
| 67116NAA7 | 99.05 1.88 1.86% |
| Symbol | OCINV |
Please note, there is a significant difference between OCINV's value and its price as these two are different measures arrived at by different means. Investors typically determine if OCINV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OCINV'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.
OCINV '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 OCINV's bond 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 OCINV.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in OCINV on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding OCINV 67 16 MAR 33 or generate 0.0% return on investment in OCINV over 360 days. OCINV is related to or competes with Harmony Gold, Asure Software, Lion One, and US Global. More
OCINV 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 OCINV's bond 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 OCINV 67 16 MAR 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.731 |
OCINV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OCINV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OCINV's standard deviation. In reality, there are many statistical measures that can use OCINV historical prices to predict the future OCINV's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.5259 |
OCINV 67 16 Backtested Returns
OCINV 67 16 maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the bond had a -0.12% return per unit of volatility over the last 3 months. OCINV 67 16 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OCINV's variance of 0.3914, and Market Risk Adjusted Performance of 0.5359 to confirm the risk estimate we provide. The entity holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OCINV are expected to decrease at a much lower rate. During the bear market, OCINV is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
OCINV 67 16 MAR 33 has insignificant reverse predictability. Overlapping area represents the amount of predictability between OCINV time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 OCINV 67 16 price movement. The serial correlation of -0.18 indicates that over 18.0% of current OCINV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 5.6 |
OCINV 67 16 lagged returns against current returns
Autocorrelation, which is OCINV bond'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 OCINV's bond expected returns. We can calculate the autocorrelation of OCINV returns to help us make a trade decision. For example, suppose you find that OCINV has exhibited high autocorrelation historically, and you observe that the bond 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 |
OCINV 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 OCINV bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OCINV bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OCINV bond over time.
Current vs Lagged Prices |
| Timeline |
OCINV Lagged Returns
When evaluating OCINV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OCINV bond have on its future price. OCINV 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, OCINV autocorrelation shows the relationship between OCINV bond current value and its past values and can show if there is a momentum factor associated with investing in OCINV 67 16 MAR 33.
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.Other Information on Investing in OCINV Bond
OCINV financial ratios help investors to determine whether OCINV Bond 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 OCINV with respect to the benefits of owning OCINV security.