Ocwen Financial Stock Market Value
| OCN Stock | USD 25.23 0.46 1.86% |
| Symbol | Ocwen |
Ocwen Financial Price To Book Ratio
Is Ocwen 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 Ocwen Financial. If investors know Ocwen 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 Ocwen 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 (0.75) | Earnings Share (8.34) | Revenue Per Share 139.688 | Quarterly Revenue Growth 0.107 | Return On Assets 0.0328 |
The market value of Ocwen Financial is measured differently than its book value, which is the value of Ocwen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocwen Financial's value that differs from its market value or its book value, called intrinsic value, which is Ocwen 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 Ocwen Financial's market value can be influenced by many factors that don't directly affect Ocwen 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 Ocwen Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocwen Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocwen 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.
Ocwen 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 Ocwen 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 Ocwen Financial.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Ocwen Financial on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ocwen Financial or generate 0.0% return on investment in Ocwen Financial over 90 days. Ocwen Financial is related to or competes with CNFinance Holdings, Security National, Encore Capital, Guild HoldingsCo, Mr Cooper, PennyMac Finl, and Velocity FinancialLlc. Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, ... More
Ocwen 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 Ocwen 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 Ocwen Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 4.26 |
Ocwen Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocwen Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocwen Financial's standard deviation. In reality, there are many statistical measures that can use Ocwen Financial historical prices to predict the future Ocwen Financial's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocwen 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.
Ocwen Financial Backtested Returns
Ocwen Financial maintains Sharpe Ratio (i.e., Efficiency) of -0.0758, which implies the firm had a -0.0758% return per unit of risk over the last 3 months. Ocwen Financial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocwen Financial's Coefficient Of Variation of (1,229), variance of 7.7, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 2.64, 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, Ocwen Financial will likely underperform. Ocwen Financial has an expected return of -0.22%. Please make sure to check Ocwen Financial potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Ocwen Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Ocwen Financial has average predictability. Overlapping area represents the amount of predictability between Ocwen Financial time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Ocwen Financial price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Ocwen Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Ocwen Financial lagged returns against current returns
Autocorrelation, which is Ocwen 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 Ocwen Financial's stock expected returns. We can calculate the autocorrelation of Ocwen Financial returns to help us make a trade decision. For example, suppose you find that Ocwen 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 |
Ocwen 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 Ocwen Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocwen Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocwen Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Ocwen Financial Lagged Returns
When evaluating Ocwen Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocwen Financial stock have on its future price. Ocwen 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, Ocwen Financial autocorrelation shows the relationship between Ocwen Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Ocwen Financial.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Ocwen Financial Correlation, Ocwen Financial Volatility and Ocwen Financial Alpha and Beta module to complement your research on Ocwen Financial. To learn how to invest in Ocwen Stock, please use our How to Invest in Ocwen Financial guide.Note that the Ocwen Financial information on this page should be used as a complementary analysis to other Ocwen 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Ocwen Stock analysis
When running Ocwen Financial's price analysis, check to measure Ocwen 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 Ocwen Financial is operating at the current time. Most of Ocwen Financial's value examination focuses on studying past and present price action to predict the probability of Ocwen 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 Ocwen Financial's price. Additionally, you may evaluate how the addition of Ocwen Financial to your portfolios can decrease your overall portfolio volatility.
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