Oceanagold OTC Stock Buy Hold or Sell Recommendation

OCANF
 Stock
  

USD 1.94  0.03  1.57%   

Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Oceanagold Corp is 'Not Rated'. Macroaxis provides Oceanagold Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OCANF positions. The advice algorithm takes into account all of Oceanagold Corp's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Oceanagold Corp's buy-and-hold perspective. Please check Oceanagold Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Oceanagold and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Oceanagold Corp.

Execute Oceanagold Corp Buy or Sell Advice

The Oceanagold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Oceanagold Corp. Macroaxis does not own or have any residual interests in Oceanagold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Oceanagold Corp's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Oceanagold CorpBuy Oceanagold Corp
Strong Sell

Volatility

Out of controlDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Oceanagold Corp has a Mean Deviation of 2.67, Standard Deviation of 3.48 and Variance of 12.11
We provide trade recommendations to complement the recent expert consensus on Oceanagold Corp. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Oceanagold Corp is not overpriced, please check all Oceanagold Corp fundamentals, including its gross profit, debt to equity, and the relationship between the price to book and cash and equivalents . Please also confirm Oceanagold Corp price to earning to check out your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

Oceanagold Corp Trading Alerts and Improvement Suggestions

Oceanagold Corp generated a negative expected return over the last 90 days
Oceanagold Corp may become a speculative penny stock
Oceanagold Corp has high historical volatility and very poor performance
Latest headline from www.theglobeandmail.com: The close Stocks post big gains to end strong week - The Globe and Mail

Oceanagold Corp current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Oceanagold analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Oceanagold analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price3.14
Target Median Price3.14
Target High Price3.14
Recommendation Mean2.00
Number Of Analyst Opinions1
Target Low Price3.14
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Oceanagold Corp Returns Distribution Density

The distribution of Oceanagold Corp's historical returns is an attempt to chart the future uncertainty of Oceanagold Corp's future price movements. The chart of the probability distribution of Oceanagold Corp stock daily returns describes the distribution of returns around its average expected value. We use Oceanagold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Oceanagold Corp returns is essential to provide solid investment advice for Oceanagold Corp stock.
Mean Return-0.13Value At Risk-4.18
Potential Upside4.95Standard Deviation3.48
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Oceanagold Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Oceanagold Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Oceanagold Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Oceanagold Corp backward and forwards among themselves. Oceanagold Corp's institutional investor refers to the entity that pools money to purchase Oceanagold Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Roanoke Asset Management CorpCommon Shares200 K444 K
Captrust Financial AdvisorsCommon SharesKK
Captrust Financial AdvisorsCommon SharesKK
Captrust Financial AdvisorsCommon SharesKK
Captrust Financial AdvisorsCommon SharesKK
Ifp Advisors IncCommon Shares0.00.0
Captrust Financial AdvisorsCommon SharesKK
Note, although Oceanagold Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Oceanagold Corp Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Oceanagold Corp or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Oceanagold Corp stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Oceanagold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.015122
β
Beta against DOW0.81
σ
Overall volatility
3.50
Ir
Information ratio 0.0149

Oceanagold Corp Volatility Alert

Oceanagold Corp exhibits very low volatility with skewness of -0.42 and kurtosis of 1.17. However, we advise investors to further study Oceanagold Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Oceanagold Corp's otc stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Oceanagold Corp's otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Oceanagold Corp Implied Volatility

Oceanagold Corp's implied volatility exposes the market's sentiment of Oceanagold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Oceanagold Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Oceanagold Corp stock will not fluctuate a lot when Oceanagold Corp's options are near their expiration.

Oceanagold Corp Fundamentals Vs Peers

Comparing Oceanagold Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Oceanagold Corp's direct or indirect competition across all of the common fundamentals between Oceanagold Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Oceanagold Corp or determine the otc stocks which would be an excellent addition to an existing portfolio. Peer analysis of Oceanagold Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Oceanagold Corp by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Oceanagold Corp to competition
FundamentalsOceanagold CorpPeer Average
Return On Equity3.66 %(0.31) %
Return On Asset1.45 %(0.14) %
Profit Margin6.68 %(1.27) %
Operating Margin6.02 %(5.51) %
Current Valuation1.92 B16.62 B
Shares Outstanding704.2 M571.82 M
Shares Owned by Insiders0.08 %10.09 %
Shares Owned by Institutions53.85 %39.21 %
Price to Earning15.28 X28.72 X
Price to Book0.83 X9.51 X
Price to Sales1.55 X11.42 X
Revenue881.5 M9.43 B
Gross Profit420.5 M27.38 B
EBITDA391.6 M3.9 B
Net Income58.9 M570.98 M
Cash and Equivalents194.7 M2.7 B
Cash per Share0.28 X5.01 X
Total Debt363.1 M5.32 B
Debt to Equity0.22 %48.70 %
Current Ratio1.91 X2.16 X
Book Value Per Share2.34 X1.93 K
Cash Flow from Operations357.6 M971.22 M
Earnings Per Share0.13 X3.12 X
Price to Earnings To Growth(0.83) X4.89 X
Number of Employees2.15 K18.84 K
Beta1.5-0.15
Market Capitalization1.37 B19.03 B
Total Asset1.88 B29.47 B
Retained Earnings78 M9.33 B
Working Capital56 M1.48 B
Current Asset220 M9.34 B
Current Liabilities164 M7.9 B
Z Score1.88.72

About Oceanagold Corp Buy or Sell Advice

When is the right time to buy or sell Oceanagold Corp? Buying financial instruments such as Oceanagold OTC Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Oceanagold Corp investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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In addition to having Oceanagold Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Government Thematic Idea Now

Government
Government Theme
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government theme has 40 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Theme or any other thematic opportunities.
View All  Next Launch Government
Please check Oceanagold Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Oceanagold Corp information on this page should be used as a complementary analysis to other Oceanagold Corp'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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Is Oceanagold Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oceanagold Corp. If investors know Oceanagold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oceanagold Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Oceanagold Corp is measured differently than its book value, which is the value of Oceanagold that is recorded on the company's balance sheet. Investors also form their own opinion of Oceanagold Corp's value that differs from its market value or its book value, called intrinsic value, which is Oceanagold Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oceanagold Corp's market value can be influenced by many factors that don't directly affect Oceanagold Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oceanagold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceanagold Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanagold Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.