Ofs Credit Stock Price on May 13, 2024
| OCCI Stock | USD 7.41 0.04 0.54% |
Below is the normalized historical share price chart for OFS Credit extending back to October 05, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of OFS Credit stands at 7.41, as last reported on the 1st of June, with the highest price reaching 7.55 and the lowest price hitting 7.39 during the day.
If you're considering investing in OFS Stock, it is important to understand the factors that can impact its price. We consider OFS Credit not too volatile. OFS Credit maintains Sharpe Ratio (i.e., Efficiency) of 0.0866, which implies the firm had a 0.0866% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for OFS Credit, which you can use to evaluate the volatility of the company. Please check OFS Credit's Semi Deviation of 0.8595, market risk adjusted performance of 0.303, and Risk Adjusted Performance of 0.099 to confirm if the risk estimate we provide is consistent with the expected return of 0.0965%.
As of now, OFS Credit's Issuance Of Capital Stock is increasing as compared to previous years. . As of now, OFS Credit's Price To Book Ratio is decreasing as compared to previous years. The OFS Credit's current Price Sales Ratio is estimated to increase to 90.08, while Price Earnings Ratio is forecasted to increase to (40.82). OFS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 5th of October 2018 | 200 Day MA 6.9709 | 50 Day MA 7.2128 | Beta 1.361 |
OFS |
Sharpe Ratio = 0.0866
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| Cash | OCCI | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.11 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average OFS Credit is performing at about 6% 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 OFS Credit by adding it to a well-diversified portfolio.
Price Book 0.9541 | Price Sales 3.5951 | Dividend Share 1.95 | Wall Street Target Price 7.5 | Earnings Share (0.16) |
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OFS Credit Valuation on May 13, 2024
It is possible to determine the worth of OFS Credit on a given historical date. On May 13, 2024 OFS was worth 7.45 at the beginning of the trading date compared to the closed value of 7.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OFS Credit stock. Still, in general, we apply an absolute valuation method to find OFS Credit's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of OFS Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OFS Credit's related companies.
| Open | High | Low | Close | Volume | |
| 7.43 | 7.48 | 7.33 | 7.33 | 80,482 | |
05/13/2024 | 7.45 | 7.49 | 7.31 | 7.31 | 188,082 |
| 7.45 | 7.48 | 7.29 | 7.29 | 121,999 |
| Backtest OFS Credit | | | OFS Credit History | | | OFS Credit Valuation | Previous | Next |
OFS Credit Trading Date Momentum on May 13, 2024
| On May 14 2024 OFS Credit was traded for 7.29 at the closing time. The top price for the day was 7.48 and the lowest listed price was 7.29 . The trading volume for the day was 122 K. The trading history from May 14, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.27% . The trading delta at closing time against the current closing price is 1.92% . |
OFS Credit Fundamentals Correlations and Trends
By evaluating OFS Credit's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among OFS Credit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OFS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OFS Credit Stock history
OFS Credit investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for OFS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OFS Credit will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing OFS Credit stock prices may prove useful in developing a viable investing in OFS Credit
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13.1 M | 13.8 M | |
| Net Loss | -12.2 M | -11.6 M |
OFS Credit Stock Technical Analysis
OFS Credit technical 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.
Price Boundaries
OFS Credit Period Price Range
Low | May 13, 2024
| High |
7.45 | 7.31 |
OFS Credit June 1, 2024 Market Strength
Market strength indicators help investors to evaluate how OFS Credit stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OFS Credit shares will generate the highest return on investment. By undertsting and applying OFS Credit stock market strength indicators, traders can identify OFS Credit entry and exit signals to maximize returns
| Accumulation Distribution | 4519.99 | |||
| Daily Balance Of Power | (0.78) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 7.4 | |||
| Day Typical Price | 7.37 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | 0.1 |
OFS Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OFS Credit's price direction in advance. Along with the technical and fundamental analysis of OFS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OFS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.152 | |||
| Total Risk Alpha | 0.1043 | |||
| Sortino Ratio | 0.1238 | |||
| Treynor Ratio | 0.293 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Credit. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more detail on how to invest in OFS Stock please use our How to Invest in OFS Credit guide.Note that the OFS Credit information on this page should be used as a complementary analysis to other OFS Credit'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 the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for OFS Stock analysis
When running OFS Credit's price analysis, check to measure OFS Credit'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 OFS Credit is operating at the current time. Most of OFS Credit's value examination focuses on studying past and present price action to predict the probability of OFS Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFS Credit's price. Additionally, you may evaluate how the addition of OFS Credit to your portfolios can decrease your overall portfolio volatility.
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Is OFS Credit'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 OFS Credit. If investors know OFS 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 OFS Credit 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 14.596 | Dividend Share 1.95 | Earnings Share (0.16) | Revenue Per Share 2.003 | Quarterly Revenue Growth 0.173 |
The market value of OFS Credit is measured differently than its book value, which is the value of OFS that is recorded on the company's balance sheet. Investors also form their own opinion of OFS Credit's value that differs from its market value or its book value, called intrinsic value, which is OFS Credit'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 OFS Credit's market value can be influenced by many factors that don't directly affect OFS Credit'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 OFS Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFS Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFS Credit'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.