Oge Energy Stock Market Value
| OGE Stock | USD 33.15 0.21 0.64% |
| Symbol | OGE |
OGE Energy Price To Book Ratio
Is OGE Energy's industry 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 OGE Energy. If investors know OGE 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 OGE Energy 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 (0.04) | Dividend Share 1.661 | Earnings Share 2.07 | Revenue Per Share 13.351 | Quarterly Revenue Growth (0.20) |
The market value of OGE Energy is measured differently than its book value, which is the value of OGE that is recorded on the company's balance sheet. Investors also form their own opinion of OGE Energy's value that differs from its market value or its book value, called intrinsic value, which is OGE Energy'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 OGE Energy's market value can be influenced by many factors that don't directly affect OGE Energy'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 OGE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if OGE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OGE Energy'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.
OGE Energy '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 OGE Energy'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 OGE Energy.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in OGE Energy on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding OGE Energy or generate 0.0% return on investment in OGE Energy over 30 days. OGE Energy is related to or competes with Alliant Energy, CMS Energy, CenterPoint Energy, Pinnacle West, Ameren Corp, Entergy, and Evergy Common. OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physica... More
OGE Energy 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 OGE Energy'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 OGE Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.0 |
OGE Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OGE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OGE Energy's standard deviation. In reality, there are many statistical measures that can use OGE Energy historical prices to predict the future OGE Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OGE Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
OGE Energy Backtested Returns
We consider OGE Energy very steady. OGE Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0141, which implies the firm had a 0.0141% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for OGE Energy, which you can use to evaluate the volatility of the company. Please check OGE Energy's Mean Deviation of 0.88, coefficient of variation of (3,016), and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0161%. OGE Energy has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. OGE Energy returns are very sensitive to returns on the market. As the market goes up or down, OGE Energy is expected to follow. OGE Energy now holds a risk of 1.14%. Please check OGE Energy skewness, and the relationship between the treynor ratio and rate of daily change , to decide if OGE Energy will be following its historical price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
OGE Energy has very good reverse predictability. Overlapping area represents the amount of predictability between OGE Energy time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 OGE Energy price movement. The serial correlation of -0.69 indicates that around 69.0% of current OGE Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
OGE Energy lagged returns against current returns
Autocorrelation, which is OGE Energy 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 OGE Energy's stock expected returns. We can calculate the autocorrelation of OGE Energy returns to help us make a trade decision. For example, suppose you find that OGE Energy 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 |
OGE Energy 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 OGE Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OGE Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OGE Energy stock over time.
Current vs Lagged Prices |
| Timeline |
OGE Energy Lagged Returns
When evaluating OGE Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OGE Energy stock have on its future price. OGE Energy 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, OGE Energy autocorrelation shows the relationship between OGE Energy stock current value and its past values and can show if there is a momentum factor associated with investing in OGE Energy.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out OGE Energy Correlation, OGE Energy Volatility and OGE Energy Alpha and Beta module to complement your research on OGE Energy. For information on how to trade OGE Stock refer to our How to Trade OGE Stock guide.Note that the OGE Energy information on this page should be used as a complementary analysis to other OGE Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for OGE Stock analysis
When running OGE Energy's price analysis, check to measure OGE Energy'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 OGE Energy is operating at the current time. Most of OGE Energy's value examination focuses on studying past and present price action to predict the probability of OGE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OGE Energy's price. Additionally, you may evaluate how the addition of OGE Energy to your portfolios can decrease your overall portfolio volatility.
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OGE Energy 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.