Octodec (South Africa) Price on February 26, 2024
OCT Stock | 1,155 10.00 0.86% |
If you're considering investing in Octodec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Octodec stands at 1,155, as last reported on the 22nd of December, with the highest price reaching 1,169 and the lowest price hitting 1,155 during the day. Octodec maintains Sharpe Ratio (i.e., Efficiency) of -0.0621, which implies the firm had a -0.0621% return per unit of risk over the last 3 months. Octodec exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Octodec's Risk Adjusted Performance of (0.01), coefficient of variation of (6,076), and Variance of 1.93 to confirm the risk estimate we provide.
Octodec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Octodec |
Sharpe Ratio = -0.0621
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Estimated Market Risk
1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
-0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Octodec is not performing at its full potential. However, 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 Octodec by adding Octodec to a well-diversified portfolio.
Octodec Valuation on February 26, 2024
It is possible to determine the worth of Octodec on a given historical date. On February 26, 2024 Octodec was worth 1011.0 at the beginning of the trading date compared to the closed value of 1011.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Octodec stock. Still, in general, we apply an absolute valuation method to find Octodec's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Octodec where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Octodec's related companies.
Open | High | Low | Close | Volume | |
1,005 | 1,015 | 1,000.00 | 1,000.00 | 138,334 | |
02/26/2024 | 1,011 | 1,011 | 1,011 | 1,011 | 500.00 |
1,020 | 1,025 | 990.00 | 1,004 | 28,755 |
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Octodec Trading Date Momentum on February 26, 2024
On February 27 2024 Octodec was traded for 1,004 at the closing time. The highest price during the trading period was 1,025 and the lowest recorded bid was listed for 990.00 . The volume for the day was 28.8 K. This history from February 27, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.69% . The trading delta at closing time to the current price is 2.08% . |
Octodec Fundamentals Correlations and Trends
By evaluating Octodec's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Octodec's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Octodec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Octodec Stock history
Octodec investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Octodec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Octodec will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Octodec stock prices may prove useful in developing a viable investing in Octodec
Octodec Stock Technical Analysis
Octodec 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.
Price Boundaries
Octodec Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Octodec cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Octodec December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Octodec stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Octodec shares will generate the highest return on investment. By undertsting and applying Octodec stock market strength indicators, traders can identify Octodec entry and exit signals to maximize returns
Octodec Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Octodec's price direction in advance. Along with the technical and fundamental analysis of Octodec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Octodec to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.07) | |||
Treynor Ratio | 0.8336 |
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Complementary Tools for Octodec Stock analysis
When running Octodec's price analysis, check to measure Octodec'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 Octodec is operating at the current time. Most of Octodec's value examination focuses on studying past and present price action to predict the probability of Octodec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Octodec's price. Additionally, you may evaluate how the addition of Octodec to your portfolios can decrease your overall portfolio volatility.
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