Ovoca Gold (Ireland) Price on December 18, 2024
| OVXA Stock | EUR 0.01 0 16.67% |
If you're considering investing in Ovoca Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ovoca Gold stands at 0.01, as last reported on the 22nd of December, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Ovoca Gold is out of control given 3 months investment horizon. Ovoca Gold PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.0979, which implies the firm had a 0.0979% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.79% are justified by taking the suggested risk. Use Ovoca Gold Risk Adjusted Performance of 0.0868, coefficient of variation of 1029.05, and Semi Deviation of 8.03 to evaluate company specific risk that cannot be diversified away.
Ovoca Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ovoca |
Sharpe Ratio = 0.0979
| Best Portfolio | Best Equity | |||
| Good Returns | OVXA | |||
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Estimated Market Risk
| 38.7 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.79 actual daily | 75 75% of assets have lower returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Ovoca Gold is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ovoca Gold by adding it to a well-diversified portfolio.
Ovoca Gold Valuation on December 18, 2024
It is possible to determine the worth of Ovoca Gold on a given historical date. On December 18, 2024 Ovoca was worth 0.0155 at the beginning of the trading date compared to the closed value of 0.015. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ovoca Gold stock. Still, in general, we apply an absolute valuation method to find Ovoca Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ovoca Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ovoca Gold's related companies.
| Open | High | Low | Close | Volume | |
| 0.02 | 0.02 | 0.02 | 0.02 | 1.00 | |
12/18/2024 | 0.02 | 0.02 | 0.01 | 0.01 | 2,000 |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
| Backtest Ovoca Gold | | | Ovoca Gold History | | | Ovoca Gold Valuation | Previous | Next |
Ovoca Gold Trading Date Momentum on December 18, 2024
| On December 19 2024 Ovoca Gold PLC was traded for 0.01 at the closing time. The highest price during the trading period was 0.01 and the lowest recorded bid was listed for 0.01 . There was no trading activity during the period 1.0. Lack of trading volume on December 19, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% . |
Ovoca Gold PLC Fundamentals Correlations and Trends
By evaluating Ovoca Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ovoca Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ovoca financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ovoca Gold Stock history
Ovoca Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ovoca is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ovoca Gold PLC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ovoca Gold stock prices may prove useful in developing a viable investing in Ovoca Gold
Ovoca Gold Stock Technical Analysis
Ovoca Gold 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.
Price Boundaries
Ovoca Gold Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
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Ovoca Gold December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Ovoca Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovoca Gold shares will generate the highest return on investment. By undertsting and applying Ovoca Gold stock market strength indicators, traders can identify Ovoca Gold PLC entry and exit signals to maximize returns
Ovoca Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ovoca Gold's price direction in advance. Along with the technical and fundamental analysis of Ovoca Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ovoca to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 3.69 | |||
| Total Risk Alpha | 2.65 | |||
| Sortino Ratio | 0.1521 | |||
| Treynor Ratio | 2.32 |
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Additional Tools for Ovoca Stock Analysis
When running Ovoca Gold's price analysis, check to measure Ovoca Gold'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 Ovoca Gold is operating at the current time. Most of Ovoca Gold's value examination focuses on studying past and present price action to predict the probability of Ovoca Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovoca Gold's price. Additionally, you may evaluate how the addition of Ovoca Gold to your portfolios can decrease your overall portfolio volatility.