Ovoca Gold (Ireland) Buy Hold or Sell Recommendation
| OVXA Stock | EUR 0.01 0.0005 7.69% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Ovoca Gold PLC is 'Strong Sell'. Macroaxis provides Ovoca Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OVXA positions. The advice algorithm takes into account all of Ovoca Gold's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Ovoca Gold's buy or sell advice are summarized below:
Real Value 0.00576 | Hype Value 0.008115 | Market Value 0.006 | Naive Value 0.00465 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Ovoca Gold PLC given historical horizon and risk tolerance towards Ovoca Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for Ovoca Gold PLC, the advice is generated through an automated system that utilizes algorithms and statistical models.
Ovoca |
Execute Ovoca Gold Buy or Sell Advice
The Ovoca recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ovoca Gold PLC. Macroaxis does not own or have any residual interests in Ovoca Gold PLC or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ovoca Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Ovoca Gold Trading Alerts and Improvement Suggestions
| Ovoca Gold PLC had very high historical volatility over the last 90 days | |
| Ovoca Gold PLC has some characteristics of a very speculative penny stock | |
| Ovoca Gold PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (5.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ovoca Gold generates negative cash flow from operations | |
| About 41.0% of the company outstanding shares are owned by corporate insiders |
Ovoca Gold Returns Distribution Density
The distribution of Ovoca Gold's historical returns is an attempt to chart the uncertainty of Ovoca Gold's future price movements. The chart of the probability distribution of Ovoca Gold daily returns describes the distribution of returns around its average expected value. We use Ovoca Gold PLC price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ovoca Gold returns is essential to provide solid investment advice for Ovoca Gold.
| Mean Return | 0.03 | Value At Risk | 0.00 | Potential Upside | 0.00 | Standard Deviation | 10.58 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ovoca Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Ovoca Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ovoca Gold or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ovoca Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ovoca stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.04 | |
β | Beta against NYSE Composite | -0.35 | |
σ | Overall volatility | 10.83 | |
Ir | Information ratio | -0.0039 |
Ovoca Gold Volatility Alert
Ovoca Gold PLC is displaying above-average volatility over the selected time horizon. Ovoca Gold PLC is a penny stock. Even though Ovoca Gold may be a good instrument to invest, many penny stocks are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Ovoca Gold PLC or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Ovoca instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Ovoca Gold Fundamentals Vs Peers
Comparing Ovoca Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ovoca Gold's direct or indirect competition across all of the common fundamentals between Ovoca Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ovoca Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ovoca Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ovoca Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ovoca Gold to competition |
| Fundamentals | Ovoca Gold | Peer Average |
| Return On Equity | -0.63 | -0.31 |
| Return On Asset | -0.36 | -0.14 |
| Current Valuation | 922.65 K | 16.62 B |
| Shares Outstanding | 81.56 M | 571.82 M |
| Shares Owned By Insiders | 41.14 % | 10.09 % |
| Price To Book | 0.61 X | 9.51 X |
| EBITDA | (5.14 M) | 3.9 B |
| Net Income | (5.47 M) | 570.98 M |
| Book Value Per Share | 0.11 X | 1.93 K |
| Cash Flow From Operations | (4.38 M) | 971.22 M |
| Earnings Per Share | (0.04) X | 3.12 X |
| Number Of Employees | 10 | 18.84 K |
| Beta | 0.41 | -0.15 |
| Market Capitalization | 6.53 M | 19.03 B |
| Total Asset | 14.77 M | 29.47 B |
| Net Asset | 14.77 M |
Ovoca Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ovoca . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.0769 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 0.0063 | |||
| Day Typical Price | 0.0062 | |||
| Market Facilitation Index | 5.0E-4 | |||
| Price Action Indicator | (0.0005) | |||
| Period Momentum Indicator | (0.0005) |
About Ovoca Gold Buy or Sell Advice
When is the right time to buy or sell Ovoca Gold PLC? Buying financial instruments such as Ovoca Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Ovoca Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities Thematic Idea Now
Utilities
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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Check out Ovoca Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary 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.
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