Oceanagold Stock Performance
| OCANF Stock | USD 3.03 0.01 0.33% |
OceanaGold has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.86, which implies possible diversification benefits within a given portfolio. OceanaGold returns are very sensitive to returns on the market. As the market goes up or down, OceanaGold is expected to follow. OceanaGold right now holds a risk of 3.17%. Please check OceanaGold kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if OceanaGold will be following its historical price patterns.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in OceanaGold are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, OceanaGold may actually be approaching a critical reversion point that can send shares even higher in April 2025. ...more
| Begin Period Cash Flow | 179 M | |
| Total Cashflows From Investing Activities | -315.8 M |
OceanaGold |
OceanaGold Relative Risk vs. Return Landscape
If you would invest 280.00 in OceanaGold on December 20, 2024 and sell it today you would earn a total of 23.00 from holding OceanaGold or generate 8.21% return on investment over 90 days. OceanaGold is currently producing 0.1829% returns and takes up 3.1656% volatility of returns over 90 trading days. Put another way, 28% of traded pink sheets are less volatile than OceanaGold, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
OceanaGold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OceanaGold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as OceanaGold, and traders can use it to determine the average amount a OceanaGold'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 = 0.0578
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.17 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average OceanaGold is performing at about 4% 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 OceanaGold by adding it to a well-diversified portfolio.
OceanaGold Fundamentals Growth
OceanaGold Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of OceanaGold, and OceanaGold 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 OceanaGold Pink Sheet performance.
| Return On Equity | -0.0027 | |||
| Return On Asset | 0.0039 | |||
| Profit Margin | (0) % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 1.55 B | |||
| Shares Outstanding | 704.21 M | |||
| Price To Earning | 25.67 X | |||
| Price To Book | 0.87 X | |||
| Price To Sales | 1.42 X | |||
| Revenue | 744.7 M | |||
| EBITDA | 166.4 M | |||
| Cash And Equivalents | 130.2 M | |||
| Cash Per Share | 0.19 X | |||
| Total Debt | 254.9 M | |||
| Debt To Equity | 0.19 % | |||
| Book Value Per Share | 2.27 X | |||
| Cash Flow From Operations | 261.4 M | |||
| Earnings Per Share | 0.06 X | |||
| Total Asset | 2.26 B | |||
| Retained Earnings | 78 M | |||
| Current Asset | 220 M | |||
| Current Liabilities | 164 M | |||
About OceanaGold Performance
By analyzing OceanaGold's fundamental ratios, stakeholders can gain valuable insights into OceanaGold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if OceanaGold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if OceanaGold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia. Oceanagold Corp operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about OceanaGold performance evaluation
Checking the ongoing alerts about OceanaGold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for OceanaGold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| OceanaGold had very high historical volatility over the last 90 days | |
| The company reported the revenue of 744.7 M. Net Loss for the year was (3.7 M) with profit before overhead, payroll, taxes, and interest of 420.5 M. | |
| About 59.0% of the company shares are owned by institutional investors |
- Analyzing OceanaGold'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 OceanaGold's stock is overvalued or undervalued compared to its peers.
- Examining OceanaGold'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 OceanaGold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of OceanaGold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of OceanaGold's pink sheet. These opinions can provide insight into OceanaGold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for OceanaGold Pink Sheet analysis
When running OceanaGold's price analysis, check to measure OceanaGold'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 OceanaGold is operating at the current time. Most of OceanaGold's value examination focuses on studying past and present price action to predict the probability of OceanaGold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OceanaGold's price. Additionally, you may evaluate how the addition of OceanaGold to your portfolios can decrease your overall portfolio volatility.
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