Oceanagold OTC Stock Performance

OCANF
 Stock
  

USD 1.73  0.03  1.76%   

The company holds a Beta of 0.4075, which implies possible diversification benefits within a given portfolio. Let's try to break down what Oceanagold's beta means in this case. As returns on the market increase, Oceanagold Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Oceanagold Corp will be expected to be smaller as well. Even though it is essential to pay attention to Oceanagold Corp 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. Oceanagold Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. Oceanagold Corp has an expected return of -0.19%. Please be advised to check Oceanagold Corp standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Oceanagold Corp performance from the past will be repeated at some point in the near future.
  
Oceanagold Performance
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Over the last 90 days Oceanagold Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest sluggish performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more

Structure and Payout Changes

Dividend Date
2019-04-26
Ex Dividend Date
2019-03-05

Oceanagold Price Channel

Quick Ratio0.96
Fifty Two Week Low1.3900
Target High Price3.10
Fifty Two Week High2.7000
Target Low Price3.10

Oceanagold Corp Relative Risk vs. Return Landscape

If you would invest  203.00  in Oceanagold Corp on May 16, 2022 and sell it today you would lose (30.00)  from holding Oceanagold Corp or give up 14.78% of portfolio value over 90 days. Oceanagold Corp is currently producing negative expected returns and takes up 3.5595% volatility of returns over 90 trading days. Put another way, 30% of traded otc stocks are less volatile than Oceanagold, 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 Oceanagold Corp is expected to under-perform the market. In addition to that, the company is 2.85 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of volatility.

Oceanagold Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceanagold Corp's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Oceanagold Corp, and traders can use it to determine the average amount a Oceanagold Corp'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 = -0.0525

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Negative ReturnsOCANF
Estimated Market Risk
 3.56
  actual daily
 
 30 %
of total potential
 
3030
Expected Return
 -0.19
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 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.05
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Based on monthly moving average Oceanagold Corp 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 Oceanagold Corp by adding it to a well-diversified portfolio.

About Oceanagold Corp Performance

To evaluate Oceanagold Corp 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 Oceanagold Corp 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 Oceanagold 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 Oceanagold Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Oceanagold'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.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia. Oceanagold Corp operates under Gold classification in the United States and is traded on OTC Exchange.

Things to note about Oceanagold Corp

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

Oceanagold Corp Alerts

Equity 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 uk.investing.com: Canada shares higher at close of trade SPTSX Composite up 0.25 percent By Investing.com - Investing.com UK
Please check Your Equity Center. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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.
Quarterly Earnings Growth YOY
-0.31
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.0119
Return On Equity
0.0289
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.