Ocean Harvest (UK) Market Value
| OHT Stock | 8.50 0.25 2.86% |
| Symbol | Ocean |
Ocean Harvest '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 Ocean Harvest'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 Ocean Harvest.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ocean Harvest on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ocean Harvest Technology or generate 0.0% return on investment in Ocean Harvest over 30 days. Ocean Harvest is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, MOL Hungarian, and State Bank. Ocean Harvest is entity of United Kingdom More
Ocean Harvest 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 Ocean Harvest'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 Ocean Harvest Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 13.47 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 2.94 |
Ocean Harvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Harvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Harvest's standard deviation. In reality, there are many statistical measures that can use Ocean Harvest historical prices to predict the future Ocean Harvest's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (2.17) |
Ocean Harvest Technology Backtested Returns
Ocean Harvest Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Ocean Harvest Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocean Harvest's Coefficient Of Variation of (654.81), risk adjusted performance of (0.10), and Variance of 3.86 to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ocean Harvest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ocean Harvest is expected to be smaller as well. At this point, Ocean Harvest Technology has a negative expected return of -0.31%. Please make sure to check Ocean Harvest's information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Ocean Harvest Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Ocean Harvest Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Ocean Harvest time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Ocean Harvest Technology price movement. The serial correlation of -0.69 indicates that around 69.0% of current Ocean Harvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ocean Harvest Technology lagged returns against current returns
Autocorrelation, which is Ocean Harvest 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 Ocean Harvest's stock expected returns. We can calculate the autocorrelation of Ocean Harvest returns to help us make a trade decision. For example, suppose you find that Ocean Harvest 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 |
Ocean Harvest 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 Ocean Harvest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Harvest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Harvest stock over time.
Current vs Lagged Prices |
| Timeline |
Ocean Harvest Lagged Returns
When evaluating Ocean Harvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Harvest stock have on its future price. Ocean Harvest 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, Ocean Harvest autocorrelation shows the relationship between Ocean Harvest stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Harvest Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ocean Stock
Ocean Harvest financial ratios help investors to determine whether Ocean 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 Ocean with respect to the benefits of owning Ocean Harvest security.