Oceanic Iron Ore Stock Performance
| FEOVF Stock | USD 0.06 0.00 0.00% |
On a scale of 0 to 100, Oceanic Iron holds a performance score of 2. The company holds a Beta of -2.36, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Oceanic Iron are expected to decrease by larger amounts. On the other hand, during market turmoil, Oceanic Iron is expected to outperform it. Please check Oceanic Iron's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to make a quick decision on whether Oceanic Iron's historical price patterns will revert.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Oceanic Iron Ore are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Oceanic Iron reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 46.6 K | |
| Total Cashflows From Investing Activities | -114.9 K |
Oceanic |
Oceanic Iron Relative Risk vs. Return Landscape
If you would invest 6.00 in Oceanic Iron Ore on January 25, 2024 and sell it today you would earn a total of 0.00 from holding Oceanic Iron Ore or generate 0.0% return on investment over 90 days. Oceanic Iron Ore is currently producing 0.2646% returns and takes up 7.6271% volatility of returns over 90 trading days. Put another way, 67% of traded pink sheets are less volatile than Oceanic, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Oceanic Iron Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceanic Iron's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Oceanic Iron Ore, and traders can use it to determine the average amount a Oceanic Iron's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0347
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FEOVF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.63 actual daily | 67 67% of assets are less volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Oceanic Iron is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oceanic Iron by adding it to a well-diversified portfolio.
Oceanic Iron Fundamentals Growth
Oceanic Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Oceanic Iron, and Oceanic Iron fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Oceanic Pink Sheet performance.
| Return On Equity | 0.0329 | |||
| Return On Asset | -0.0079 | |||
| Current Valuation | 8.66 M | |||
| Shares Outstanding | 98.99 M | |||
| Price To Earning | 5.44 X | |||
| Price To Book | 0.19 X | |||
| EBITDA | 3.46 M | |||
| Cash And Equivalents | 51.44 K | |||
| Total Debt | 1.94 M | |||
| Debt To Equity | 0.08 % | |||
| Book Value Per Share | 0.40 X | |||
| Cash Flow From Operations | (817.12 K) | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 44.22 M | |||
| Retained Earnings | (22.1 M) | |||
| Current Asset | 1.9 M | |||
| Current Liabilities | 860 K | |||
About Oceanic Iron Performance
To evaluate Oceanic Iron Ore Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Oceanic Iron generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Oceanic Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Oceanic Iron Ore market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Oceanic's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Qubec, Canada. Oceanic Iron Ore Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada. Oceanic Iron operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.Things to note about Oceanic Iron Ore performance evaluation
Checking the ongoing alerts about Oceanic Iron for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Oceanic Iron Ore help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Oceanic Iron Ore had very high historical volatility over the last 90 days | |
| Oceanic Iron Ore has some characteristics of a very speculative penny stock | |
| The company has accumulated 1.94 M in total debt with debt to equity ratio (D/E) of 0.08, which may suggest the company is not taking enough advantage from borrowing. Oceanic Iron Ore has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Oceanic Iron until it has trouble settling it off, either with new capital or with free cash flow. So, Oceanic Iron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Oceanic Iron Ore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Oceanic to invest in growth at high rates of return. When we think about Oceanic Iron's use of debt, we should always consider it together with cash and equity. | |
| Oceanic Iron Ore has accumulated about 51.44 K in cash with (817.12 K) of positive cash flow from operations. | |
| Roughly 54.0% of Oceanic Iron shares are held by company insiders |
- Analyzing Oceanic Iron's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Oceanic Iron's stock is overvalued or undervalued compared to its peers.
- Examining Oceanic Iron's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Oceanic Iron's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Oceanic Iron's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Oceanic Iron's pink sheet. These opinions can provide insight into Oceanic Iron's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Oceanic Iron Ore. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Oceanic Pink Sheet analysis
When running Oceanic Iron's price analysis, check to measure Oceanic Iron'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 Oceanic Iron is operating at the current time. Most of Oceanic Iron's value examination focuses on studying past and present price action to predict the probability of Oceanic Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanic Iron's price. Additionally, you may evaluate how the addition of Oceanic Iron to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |