Oceana OTC Stock Volatility


USD 3.15  0.00  0.00%   

We consider Oceana relatively risky. Oceana Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0226, which implies the firm had 0.0226% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-four technical indicators for Oceana Group, which you can use to evaluate the future volatility of the company. Please check Oceana Group coefficient of variation of 4537.13, and Risk Adjusted Performance of 0.035 to confirm if the risk estimate we provide is consistent with the expected return of 0.0642%.
Oceana OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Oceana daily returns, and it is calculated using variance and standard deviation. We also use Oceana's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Oceana volatility.

720 Days Market Risk

Relatively risky

Chance of Distress

Close to Average

720 Days Economic Sensitivity

Barely shadows the market
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Oceana can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Oceana at lower prices. For example, an investor can purchase Oceana stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Oceana's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving against Oceana

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Oceana Market Sensitivity And Downside Risk

Oceana's beta coefficient measures the volatility of Oceana otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Oceana otc stock's returns against your selected market. In other words, Oceana's beta of 0.0621 provides an investor with an approximation of how much risk Oceana otc stock can potentially add to one of your existing portfolios.
Oceana Group exhibits very low volatility with skewness of 2.16 and kurtosis of 34.61. However, we advise investors to further study Oceana Group technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Oceana's otc stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Oceana's otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Oceana Implied Volatility

Oceana's implied volatility exposes the market's sentiment of Oceana Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Oceana's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Oceana stock will not fluctuate a lot when Oceana's options are near their expiration.
3 Months Beta |Analyze Oceana Group Demand Trend
Check current 90 days Oceana correlation with market (DOW)

Oceana Beta

Oceana standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

It is essential to understand the difference between upside risk (as represented by Oceana's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Oceana stock's daily returns or price. Since the actual investment returns on holding a position in Oceana stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Oceana.

Oceana Group OTC Stock Volatility Analysis

Volatility refers to the frequency at which Oceana stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Oceana's price changes. Investors will then calculate the volatility of Oceana's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Oceana's volatility:

Historical Volatility

This type of stock volatility measures Oceana's fluctuations based on previous trends. It's commonly used to predict Oceana's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Oceana's current market price. This means that the stock will return to its initially predicted market price.
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Oceana Group price series.

Oceana Projected Return Density Against Market

Assuming the 90 days horizon Oceana has a beta of 0.0621 . This indicates as returns on the market go up, Oceana average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Oceana Group will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Oceana or Oceana Group sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Oceana stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Oceana stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.0522, implying that it can generate a 0.0522 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Predicted Return Density   
Oceana's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how Oceana stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Company's Stock Price Volatility?

Several factors can influence a company's stock volatility:


Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Oceana OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Oceana or Oceana Group sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Oceana stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Oceana stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Oceana is 4434.38. The daily returns are distributed with a variance of 8.1 and standard deviation of 2.85. The mean deviation of Oceana Group is currently at 0.56. For similar time horizon, the selected benchmark (DOW) has volatility of 1.36
Alpha over DOW
Beta against DOW0.06
Overall volatility
Information ratio 0.0241

Oceana OTC Stock Return Volatility

Oceana historical daily return volatility represents how much Oceana stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 2.846% volatility of returns over 90 . By contrast, DOW inherits 1.247% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 

About Oceana Volatility

Volatility is a rate at which the price of Oceana or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Oceana may increase or decrease. In other words, similar to Oceana's beta indicator, it measures the risk of Oceana and helps estimate the fluctuations that may happen in a short period of time. So if prices of Oceana fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical 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 Investment Opportunity

Oceana Group has a volatility of 2.85 and is 2.28 times more volatile than DOW. 24  of all equities and portfolios are less risky than Oceana. Compared to the overall equity markets, volatility of historical daily returns of Oceana Group is lower than 24 () of all global equities and portfolios over the last 90 days.
Use Oceana Group to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Oceana to be traded at $3.12 in 90 days. .

Significant diversification

The correlation between Oceana Group and DJI is Significant diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oceana Group and DJI in the same portfolio, assuming nothing else is changed.

Oceana Additional Risk Indicators

The analysis of Oceana's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Oceana's investment and either accepting that risk or mitigating it. Along with some common measures of Oceana stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.035
Market Risk Adjusted Performance0.8355
Mean Deviation0.5358
Coefficient Of Variation4537.13
Standard Deviation2.78
Information Ratio0.0241
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Oceana Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Oceana as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Oceana's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Oceana's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Oceana Group.
Please check Your Equity Center. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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
Market Capitalization
382.4 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
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.