Oversea Chinese Banking Stock Market Value
| OVCHF Stock | USD 10.63 0.71 7.16% |
| Symbol | Oversea |
Oversea Chinese '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 Oversea Chinese's pink sheet 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 Oversea Chinese.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Oversea Chinese on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Oversea Chinese Banking or generate 0.0% return on investment in Oversea Chinese over 30 days. Oversea Chinese is related to or competes with Western Alliance, and JAPAN POST. Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China... More
Oversea Chinese 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 Oversea Chinese's pink sheet 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 Oversea Chinese Banking upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 10.36 | |||
| Potential Upside | 3.74 |
Oversea Chinese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oversea Chinese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oversea Chinese's standard deviation. In reality, there are many statistical measures that can use Oversea Chinese historical prices to predict the future Oversea Chinese's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.2027 | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oversea Chinese'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.
Oversea Chinese Banking Backtested Returns
Oversea Chinese appears to be not too volatile, given 3 months investment horizon. Oversea Chinese Banking maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty technical indicators for Oversea Chinese Banking, which you can use to evaluate the volatility of the company. Please evaluate Oversea Chinese's Variance of 2.99, risk adjusted performance of 0.0595, and Coefficient Of Variation of 1175.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oversea Chinese holds a performance score of 10. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Oversea Chinese are expected to decrease at a much lower rate. During the bear market, Oversea Chinese is likely to outperform the market. Please check Oversea Chinese's potential upside, and the relationship between the information ratio and daily balance of power , to make a quick decision on whether Oversea Chinese's historical price patterns will revert.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Oversea Chinese Banking lagged returns against current returns
Autocorrelation, which is Oversea Chinese pink sheet'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 Oversea Chinese's pink sheet expected returns. We can calculate the autocorrelation of Oversea Chinese returns to help us make a trade decision. For example, suppose you find that Oversea Chinese has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Oversea Chinese 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 Oversea Chinese pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oversea Chinese pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oversea Chinese pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Oversea Chinese Lagged Returns
When evaluating Oversea Chinese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oversea Chinese pink sheet have on its future price. Oversea Chinese 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, Oversea Chinese autocorrelation shows the relationship between Oversea Chinese pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Oversea Chinese Banking.
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 Oversea Chinese 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, Oversea Chinese's short interest history, or implied volatility extrapolated from Oversea Chinese options trading.
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Try AI Portfolio ArchitectCheck out Oversea Chinese Correlation, Oversea Chinese Volatility and Oversea Chinese Alpha and Beta module to complement your research on Oversea Chinese. Note that the Oversea Chinese Banking information on this page should be used as a complementary analysis to other Oversea Chinese'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Oversea Pink Sheet analysis
When running Oversea Chinese's price analysis, check to measure Oversea Chinese'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 Oversea Chinese is operating at the current time. Most of Oversea Chinese's value examination focuses on studying past and present price action to predict the probability of Oversea Chinese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oversea Chinese's price. Additionally, you may evaluate how the addition of Oversea Chinese to your portfolios can decrease your overall portfolio volatility.
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Oversea Chinese technical pink sheet 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, pink sheet market cycles, or different charting patterns.