OceanaGold Pink Sheet Statistic Functions Beta

OCANF
 Stock
  

USD 1.93  0.04  2.12%   

OceanaGold statistic functions tool provides the execution environment for running the Beta function and other technical functions against OceanaGold. OceanaGold value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. OceanaGold statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was sixty with a total number of output elements of one. The Beta measures systematic risk based on how returns on OceanaGold correlated with the market. If Beta is less than 0 OceanaGold generally moves in the opposite direction as compared to the market. If OceanaGold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one OceanaGold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of OceanaGold is generally in the same direction as the market. If Beta > 1 OceanaGold moves generally in the same direction as, but more than the movement of the benchmark.
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OceanaGold Technical Analysis Modules

Most technical analysis of OceanaGold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for OceanaGold from various momentum indicators to cycle indicators. When you analyze OceanaGold charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About OceanaGold Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OceanaGold. We use our internally-developed statistical techniques to arrive at the intrinsic value of OceanaGold based on widely used predictive technical indicators. In general, we focus on analyzing OceanaGold Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build OceanaGold's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of OceanaGold's intrinsic value. In addition to deriving basic predictive indicators for OceanaGold, we also check how macroeconomic factors affect OceanaGold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of OceanaGold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of OceanaGold in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.101.936.89
Details
Intrinsic
Valuation
LowReal ValueHigh
0.091.796.75
Details
Naive
Forecast
LowNext ValueHigh
0.0376771.886.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.321.621.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OceanaGold. Your research has to be compared to or analyzed against OceanaGold's peers to derive any actionable benefits. When done correctly, OceanaGold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in OceanaGold.

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Please check Your Equity Center. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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Please note, there is a significant difference between OceanaGold's value and its price as these two are different measures arrived at by different means. Investors typically determine OceanaGold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanaGold'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.