OceanFirst Stock Alpha and Beta Analysis


USD 20.89  0.02  0.1%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as OceanFirst Financial Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in OceanFirst Financial over a specified time horizon. Remember, high OceanFirst Financial's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check OceanFirst Financial Backtesting, OceanFirst Financial Valuation, OceanFirst Financial Correlation, OceanFirst Financial Hype Analysis, OceanFirst Financial Volatility, OceanFirst Financial History and analyze OceanFirst Financial Performance.
Please note that although OceanFirst Financial alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, OceanFirst Financial did 0.19  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of OceanFirst Financial Corp stock's relative risk over its benchmark. OceanFirst Financial Corp has a beta of 0.71  . Let's try to break down what OceanFirst's beta means in this case. As returns on the market increase, OceanFirst Financial returns are expected to increase less than the market. However, during the bear market, the loss on holding OceanFirst Financial will be expected to be smaller as well.
OceanFirst Financial Enterprise Value over EBIT is projected to slightly decrease based on the last few years of reporting. The past year's Enterprise Value over EBIT was at 15.30. The current year Enterprise Value over EBITDA is expected to grow to 14.45, whereas Book Value per Share is forecasted to decline to 23.41.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

2.28 Billion

OceanFirst Financial Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. OceanFirst Financial market risk premium is the additional return an investor will receive from holding OceanFirst Financial long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in OceanFirst Financial. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate OceanFirst Financial's performance over market.
α0.19   β0.71
90 days against DJI

OceanFirst Financial expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of OceanFirst Financial's Buy-and-hold return. Our buy-and-hold chart shows how OceanFirst Financial performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

OceanFirst Financial Market Price Analysis

Market price analysis indicators help investors to evaluate how OceanFirst Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OceanFirst Financial shares will generate the highest return on investment. By understating and applying OceanFirst Financial stock market price indicators, traders can identify OceanFirst Financial position entry and exit signals to maximize returns.

OceanFirst Financial Return and Market Media

The median price of OceanFirst Financial for the period between Tue, May 10, 2022 and Mon, Aug 8, 2022 is 19.02 with a coefficient of variation of 3.46. The daily time series for the period is distributed with a sample standard deviation of 0.67, arithmetic mean of 19.28, and mean deviation of 0.56. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
OceanFirst Financial exotic insider transaction detected05/13/2022
0.53 EPS Expected for OceanFirst Financial Corp. This Quarte...05/17/2022
OceanFirst Financial exotic insider transaction detected05/18/2022
Is Orion Engineered a Worthy Pick for Value Investors - Nasd...05/24/2022
OceanFirst Financial exotic insider transaction detected06/03/2022
OceanFirst Financial Corp. Expected to Post Quarterly Sales ...06/09/2022
Purchase by Barrett Patrick Sean of 10500 shares of OceanFir...06/28/2022
EPS Estimate06/30/2022
EPS Reported07/28/2022
Sale by Michael Devlin of 60000 shares of OceanFirst Financi...08/03/2022
Independent Director Michael Devlin Just Sold A Bunch Of Sha...08/05/2022

About OceanFirst Financial Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in OceanFirst Financial Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 2022 (projected)
PPandE Turnover3.284.243.354.0
Calculated Tax Rate17.521.8822.6129.09

OceanFirst Financial Upcoming Company Events

As portrayed in its financial statements, the presentation of OceanFirst Financial's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, OceanFirst Financial's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of OceanFirst Financial's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of OceanFirst Financial. Please utilize our Beneish M Score to check the likelihood of OceanFirst Financial's management manipulating its earnings.
Upcoming Quarterly Report27th of January 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End27th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please check OceanFirst Financial Backtesting, OceanFirst Financial Valuation, OceanFirst Financial Correlation, OceanFirst Financial Hype Analysis, OceanFirst Financial Volatility, OceanFirst Financial History and analyze OceanFirst Financial Performance. Note that the OceanFirst Financial Corp information on this page should be used as a complementary analysis to other OceanFirst Financial'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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OceanFirst Financial 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.
A focus of OceanFirst Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of OceanFirst Financial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...