Oceanagold OTC Stock Alpha and Beta Analysis

OCANF
 Stock
  

USD 1.73  0.03  1.76%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Oceanagold Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Oceanagold Corp over a specified time horizon. Remember, high Oceanagold Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Oceanagold Corp Backtesting, Oceanagold Corp Valuation, Oceanagold Corp Correlation, Oceanagold Corp Hype Analysis, Oceanagold Corp Volatility, Oceanagold Corp History and analyze Oceanagold Corp Performance.
  
Please note that although Oceanagold Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Oceanagold Corp did 0.50  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Oceanagold Corp stock's relative risk over its benchmark. Oceanagold Corp has a beta of 0.47  . 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.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Oceanagold Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Oceanagold Corp market risk premium is the additional return an investor will receive from holding Oceanagold Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Oceanagold Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Oceanagold Corp's performance over market.
α-0.5   β0.47
90 days against DJI

Oceanagold Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Oceanagold Corp's Buy-and-hold return. Our buy-and-hold chart shows how Oceanagold Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Oceanagold Corp Market Price Analysis

Market price analysis indicators help investors to evaluate how Oceanagold Corp otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceanagold Corp shares will generate the highest return on investment. By understating and applying Oceanagold Corp otc stock market price indicators, traders can identify Oceanagold Corp position entry and exit signals to maximize returns.

Oceanagold Corp Return and Market Media

The median price of Oceanagold Corp for the period between Mon, May 16, 2022 and Sun, Aug 14, 2022 is 2.03 with a coefficient of variation of 10.79. The daily time series for the period is distributed with a sample standard deviation of 0.22, arithmetic mean of 2.03, and mean deviation of 0.19. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
OCEANAGOLD APPOINTS SENIOR VICE PRESIDENT, BUSINESS DEVELOPM...06/13/2022
2
At Midday Energy Stocks Lift TSX Ahead of Canadian CPI, Powe...06/21/2022
3
TSX closes down as Shopify slumps, global stocks wobble - Ya...07/26/2022
4
Canada shares higher at close of trade SPTSX Composite up 0....08/08/2022

About Oceanagold Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Oceanagold Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Oceanagold Corp Investors Sentiment

The influence of Oceanagold Corp'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 Oceanagold. 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.
Investor biases related to Oceanagold Corp's public news can be used to forecast risks associated with investment in Oceanagold. The trend in average sentiment can be used to explain how an investor holding Oceanagold can time the market purely based on public headlines and social activities around Oceanagold Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Oceanagold Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Oceanagold Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Oceanagold Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Oceanagold Corp.
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 Oceanagold Corp 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, Oceanagold Corp's short interest history, or implied volatility extrapolated from Oceanagold Corp options trading.

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Please check Oceanagold Corp Backtesting, Oceanagold Corp Valuation, Oceanagold Corp Correlation, Oceanagold Corp Hype Analysis, Oceanagold Corp Volatility, Oceanagold Corp History and analyze Oceanagold Corp Performance. 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Oceanagold Corp price analysis, check to measure Oceanagold Corp'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 Oceanagold Corp is operating at the current time. Most of Oceanagold Corp's value examination focuses on studying past and present price action to predict the probability of Oceanagold Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oceanagold Corp's price. Additionally, you may evaluate how the addition of Oceanagold Corp to your portfolios can decrease your overall portfolio volatility.
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Oceanagold Corp technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Oceanagold Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oceanagold Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...