OCEANA Beta

OCEANA GRP RC fundamentals help investors to digest information that contributes to OCEANA GRP's financial success or failures. It also enables traders to predict the movement of OCEANA Stock. The fundamental analysis module provides a way to measure OCEANA GRP's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to OCEANA GRP stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

OCEANA Beta Analysis

OCEANA GRP's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current OCEANA GRP Beta

    
  0.02  
Most of OCEANA GRP's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, OCEANA GRP RC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

In accordance with the recently published financial statements, OCEANA GRP RC has a Beta of 0.02. This is 98.37% lower than that of the Consumer Defensive sector and 98.2% lower than that of the Packaged Foods industry. The beta for all Germany stocks is 113.33% lower than that of the firm.

OCEANA Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses OCEANA GRP's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of OCEANA GRP could also be used in its relative valuation, which is a method of valuing OCEANA GRP by comparing valuation metrics of similar companies.
OCEANA GRP is currently under evaluation in beta category among related companies.
Let's try to break down what OCEANA's beta means in this case. As returns on the market increase, OCEANA GRP returns are expected to increase less than the market. However, during the bear market, the loss on holding OCEANA GRP will be expected to be smaller as well.

OCEANA Fundamentals

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Our tools can tell you how much better you can do entering a position in OCEANA GRP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Other Tools for OCEANA Stock

When running OCEANA GRP RC price analysis, check to measure OCEANA GRP'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 OCEANA GRP is operating at the current time. Most of OCEANA GRP's value examination focuses on studying past and present price action to predict the probability of OCEANA GRP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OCEANA GRP's price. Additionally, you may evaluate how the addition of OCEANA GRP to your portfolios can decrease your overall portfolio volatility.
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