Oceana OTC Stock Performance

OCGPF
 Stock
  

USD 3.15  0.00  0.00%   

The company holds a Beta of 0.1089, which implies not very significant fluctuations relative to the market. Let's try to break down what Oceana's beta means in this case. As returns on the market increase, Oceana returns are expected to increase less than the market. However, during the bear market, the loss on holding Oceana will be expected to be smaller as well. Even though it is essential to pay attention to Oceana Group current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Oceana Group exposes twenty-one different technical indicators, which can help you to evaluate its performance. Oceana Group has an expected return of -0.22%. Please be advised to check Oceana Group variance, as well as the relationship between the maximum drawdown and semi variance to decide if Oceana Group performance from the past will be repeated at some point in the near future.
  
Oceana Performance
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Over the last 90 days Oceana Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in October 2022. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Oceana Price Channel

Quick Ratio0.96
Fifty Two Week Low3.1499
Payout Ratio91.96%
Fifty Two Week High5.1500
Trailing Annual Dividend Yield124.76%

Oceana Relative Risk vs. Return Landscape

If you would invest  365.00  in Oceana Group on June 26, 2022 and sell it today you would lose (50.00)  from holding Oceana Group or give up 13.7% of portfolio value over 90 days. Oceana Group is currently producing negative expected returns and takes up 1.7259% volatility of returns over 90 trading days. Put another way, 14% of traded otc stocks are less volatile than Oceana, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Oceana is expected to under-perform the market. In addition to that, the company is 1.56 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of volatility.

Oceana Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceana's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Oceana Group, and traders can use it to determine the average amount a Oceana'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 = -0.126

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Negative ReturnsOCGPF
Estimated Market Risk
 1.73
  actual daily
 
 15 %
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1515
Expected Return
 -0.22
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Risk-Adjusted Return
 -0.13
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Based on monthly moving average Oceana is performing at about 0% 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 Oceana by adding it to a well-diversified portfolio.

About Oceana Performance

To evaluate Oceana Group OTC Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Oceana generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Oceana OTC Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Oceana Group market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Oceana's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Oceana Group Limited operates as a fishing company in South Africa, Namibia, rest of Africa, North America, Europe, the Far East, and internationally. The company was incorporated in 1918 and is headquartered in Cape Town, South Africa. Oceana operates under Packaged Foods classification in the United States and is traded on OTC Exchange.

Things to note about Oceana Group

Checking the ongoing alerts about Oceana for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Oceana Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Oceana Alerts

Equity Alerts and Improvement Suggestions

Oceana Group generated a negative expected return over the last 90 days
Oceana Group has high likelihood to experience some financial distress in the next 2 years
About 31.0% of the company outstanding shares are owned by corporate insiders
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Please check Your Equity Center. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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Is Oceana'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 Oceana. If investors know Oceana 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 Oceana 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 Oceana Group is measured differently than its book value, which is the value of Oceana that is recorded on the company's balance sheet. Investors also form their own opinion of Oceana's value that differs from its market value or its book value, called intrinsic value, which is Oceana'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 Oceana's market value can be influenced by many factors that don't directly affect Oceana'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 Oceana's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceana value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceana'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.