Oceanagold Stock Market Value
| OCANF Stock | USD 3.20 0.04 1.27% |
| Symbol | OceanaGold |
OceanaGold '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 OceanaGold'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 OceanaGold.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in OceanaGold on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding OceanaGold or generate 0.0% return on investment in OceanaGold over 360 days. OceanaGold is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties More
OceanaGold 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 OceanaGold'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 OceanaGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0871 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.63 |
OceanaGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OceanaGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OceanaGold's standard deviation. In reality, there are many statistical measures that can use OceanaGold historical prices to predict the future OceanaGold's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.3778 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (1.66) |
OceanaGold Backtested Returns
OceanaGold appears to be moderately volatile, given 3 months investment horizon. OceanaGold maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OceanaGold, which you can use to evaluate the volatility of the company. Please evaluate OceanaGold's Semi Deviation of 1.98, coefficient of variation of 755.68, and Risk Adjusted Performance of 0.1083 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OceanaGold holds a performance score of 12. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OceanaGold are expected to decrease at a much lower rate. During the bear market, OceanaGold is likely to outperform the market. Please check OceanaGold's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether OceanaGold's historical price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
OceanaGold has good predictability. Overlapping area represents the amount of predictability between OceanaGold time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 OceanaGold price movement. The serial correlation of 0.69 indicates that around 69.0% of current OceanaGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
OceanaGold lagged returns against current returns
Autocorrelation, which is OceanaGold 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 OceanaGold's pink sheet expected returns. We can calculate the autocorrelation of OceanaGold returns to help us make a trade decision. For example, suppose you find that OceanaGold 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 |
OceanaGold 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 OceanaGold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OceanaGold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OceanaGold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OceanaGold Lagged Returns
When evaluating OceanaGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OceanaGold pink sheet have on its future price. OceanaGold 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, OceanaGold autocorrelation shows the relationship between OceanaGold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OceanaGold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OceanaGold Pink Sheet
OceanaGold financial ratios help investors to determine whether OceanaGold Pink Sheet 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 OceanaGold with respect to the benefits of owning OceanaGold security.