Oversea Chinese (Germany) Market Value
| OCBA Stock | EUR 11.58 0.27 2.28% |
| 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 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 Oversea Chinese.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Oversea Chinese on November 22, 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 POSBO UNSPADRS20YC1, Postal Savings, Truist Financial, OVERSEA CHINUNSPADR2, UNICREDIT SPA, and UTD OV. 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 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 Oversea Chinese Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.43 |
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 | 0.0851 | |||
| Jensen Alpha | 0.1201 | |||
| Total Risk Alpha | 0.0896 | |||
| Sortino Ratio | 0.0844 | |||
| Treynor Ratio | 0.401 |
Oversea Chinese Banking Backtested Returns
At this point, Oversea Chinese is not too volatile. Oversea Chinese Banking maintains Sharpe Ratio (i.e., Efficiency) of 0.0899, which implies the firm had a 0.0899% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oversea Chinese Banking, which you can use to evaluate the volatility of the company. Please check Oversea Chinese's Semi Deviation of 0.9936, coefficient of variation of 977.57, and Risk Adjusted Performance of 0.0851 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Oversea Chinese has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oversea Chinese's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oversea Chinese is expected to be smaller as well. Oversea Chinese Banking right now holds a risk of 1.34%. Please check Oversea Chinese Banking information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Oversea Chinese Banking will be following its historical price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Oversea Chinese Banking has weak reverse predictability. Overlapping area represents the amount of predictability between Oversea Chinese time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 Oversea Chinese Banking price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Oversea Chinese price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Oversea Chinese Banking lagged returns against current returns
Autocorrelation, which is Oversea Chinese 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 Oversea Chinese's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oversea Chinese stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oversea Chinese stock 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 stock 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 stock 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Oversea Stock
Oversea Chinese financial ratios help investors to determine whether Oversea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oversea with respect to the benefits of owning Oversea Chinese security.