Oceana Z Score

OCGPF
 Stock
  

USD 3.15  0.00  0.00%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Oceana Piotroski F Score and Oceana Valuation analysis.
  

Oceana Z Score Analysis

Oceana's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition
Based on the company's disclosures, Oceana Group has a Z Score of 0.0. This is 100.0% lower than that of the sector and 100.0% lower than that of the Z Score industry. The z score for all United States stocks is 100.0% higher than that of the company.

Oceana Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Oceana's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Oceana could also be used in its relative valuation, which is a method of valuing Oceana by comparing valuation metrics of similar companies.
Oceana is currently under evaluation in z score category among related companies.

Oceana Institutional Holders

Institutional Holdings refers to the ownership stake in Oceana that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Oceana's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Oceana's value.
Security TypeSharesValue
Blair William CoCommon Shares387.5 K3.3 M

Oceana Fundamentals

About Oceana Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Oceana Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Oceana using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Oceana Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Oceana Investors Sentiment

The influence of Oceana's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Oceana. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Oceana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Oceana's short interest history, or implied volatility extrapolated from Oceana options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Oceana Group using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Oceana Piotroski F Score and Oceana Valuation analysis. Note that the Oceana Group information on this page should be used as a complementary analysis to other Oceana'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Oceana Group price analysis, check to measure Oceana'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 is operating at the current time. Most of Oceana's value examination focuses on studying past and present price action to predict the probability of Oceana's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oceana's price. Additionally, you may evaluate how the addition of Oceana to your portfolios can decrease your overall portfolio volatility.
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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.
Quarterly Earnings Growth YOY
-0.54
Market Capitalization
382.4 M
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.0456
Return On Equity
0.1
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.