Oceanfirst Financial Corp Stock Market Value
| OCFC Stock | USD 15.18 0.59 4.04% |
| Symbol | OceanFirst |
OceanFirst Financial Corp Price To Book Ratio
Is OceanFirst Financial'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 OceanFirst Financial. If investors know OceanFirst 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 OceanFirst Financial 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 0.028 | Dividend Share 0.8 | Earnings Share 1.7 | Revenue Per Share 6.543 | Quarterly Revenue Growth 0.001 |
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial'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 OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial'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 OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if OceanFirst Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial'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.
OceanFirst Financial '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 OceanFirst Financial'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 OceanFirst Financial.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in OceanFirst Financial on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding OceanFirst Financial Corp or generate 0.0% return on investment in OceanFirst Financial over 270 days. OceanFirst Financial is related to or competes with Cullman Bancorp, Home Federal, First Financial, First Northwest, First Capital, and Community West. OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A More
OceanFirst Financial 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 OceanFirst Financial'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 OceanFirst Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 4.27 |
OceanFirst Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OceanFirst Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OceanFirst Financial's standard deviation. In reality, there are many statistical measures that can use OceanFirst Financial historical prices to predict the future OceanFirst Financial's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OceanFirst Financial'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.
OceanFirst Financial Corp Backtested Returns
OceanFirst Financial Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0934, which implies the firm had a -0.0934% return per unit of risk over the last 3 months. OceanFirst Financial Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OceanFirst Financial's Coefficient Of Variation of (3,268), risk adjusted performance of (0.01), and Variance of 6.47 to confirm the risk estimate we provide. The company holds a Beta of 2.03, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OceanFirst Financial will likely underperform. OceanFirst Financial Corp has an expected return of -0.23%. Please make sure to check OceanFirst Financial Corp total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if OceanFirst Financial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
OceanFirst Financial Corp has good predictability. Overlapping area represents the amount of predictability between OceanFirst Financial time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 OceanFirst Financial Corp price movement. The serial correlation of 0.74 indicates that around 74.0% of current OceanFirst Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
OceanFirst Financial Corp lagged returns against current returns
Autocorrelation, which is OceanFirst Financial 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 OceanFirst Financial's stock expected returns. We can calculate the autocorrelation of OceanFirst Financial returns to help us make a trade decision. For example, suppose you find that OceanFirst Financial 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 |
OceanFirst Financial 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 OceanFirst Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OceanFirst Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OceanFirst Financial stock over time.
Current vs Lagged Prices |
| Timeline |
OceanFirst Financial Lagged Returns
When evaluating OceanFirst Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OceanFirst Financial stock have on its future price. OceanFirst Financial 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, OceanFirst Financial autocorrelation shows the relationship between OceanFirst Financial stock current value and its past values and can show if there is a momentum factor associated with investing in OceanFirst Financial Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards OceanFirst Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, OceanFirst Financial's short interest history, or implied volatility extrapolated from OceanFirst Financial options trading.
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Try AI Portfolio ArchitectCheck out OceanFirst Financial Correlation, OceanFirst Financial Volatility and OceanFirst Financial Alpha and Beta module to complement your research on OceanFirst Financial. Note that the OceanFirst Financial Corp information on this page should be used as a complementary analysis to other OceanFirst Financial'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for OceanFirst Stock analysis
When running OceanFirst Financial's price analysis, check to measure OceanFirst Financial'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 OceanFirst Financial is operating at the current time. Most of OceanFirst Financial's value examination focuses on studying past and present price action to predict the probability of OceanFirst Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OceanFirst Financial's price. Additionally, you may evaluate how the addition of OceanFirst Financial to your portfolios can decrease your overall portfolio volatility.
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OceanFirst Financial 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.