Oceanfirst Financial Corp Preferred Stock Market Value
| OCFCP Preferred Stock | USD 24.84 0.05 0.20% |
| Symbol | OceanFirst |
OceanFirst Financial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OceanFirst Financial's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OceanFirst Financial.
| 05/07/2024 |
| 07/06/2024 |
If you would invest 0.00 in OceanFirst Financial on May 7, 2024 and sell it all today you would earn a total of 0.00 from holding OceanFirst Financial Corp or generate 0.0% return on investment in OceanFirst Financial over 60 days. OceanFirst Financial is related to or competes with Citizens Financial, Capital One, Capital One, Bank of America, and KeyCorp. OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A More
OceanFirst Financial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OceanFirst Financial's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OceanFirst Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5063 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.7768 |
OceanFirst Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OceanFirst Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OceanFirst Financial's standard deviation. In reality, there are many statistical measures that can use OceanFirst Financial historical prices to predict the future OceanFirst Financial's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.0396 | |||
| Total Risk Alpha | 0.0567 | |||
| Sortino Ratio | 0.1211 | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OceanFirst Financial'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.
OceanFirst Financial Corp Backtested Returns
Currently, OceanFirst Financial Corp is very steady. OceanFirst Financial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0957, which implies the firm had a 0.0957% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OceanFirst Financial Corp, which you can use to evaluate the volatility of the company. Please check OceanFirst Financial's Coefficient Of Variation of 879.8, risk adjusted performance of 0.0682, and Semi Deviation of 0.3479 to confirm if the risk estimate we provide is consistent with the expected return of 0.0452%. OceanFirst Financial has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OceanFirst Financial are expected to decrease at a much lower rate. During the bear market, OceanFirst Financial is likely to outperform the market. OceanFirst Financial Corp right now holds a risk of 0.47%. Please check OceanFirst Financial Corp jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if OceanFirst Financial Corp will be following its historical price patterns.
Auto-correlation | 0.25 |
Poor predictability
OceanFirst Financial Corp has poor predictability. Overlapping area represents the amount of predictability between OceanFirst Financial time series from 7th of May 2024 to 6th of June 2024 and 6th of June 2024 to 6th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OceanFirst Financial Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current OceanFirst Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OceanFirst Financial Corp lagged returns against current returns
Autocorrelation, which is OceanFirst Financial preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OceanFirst Financial's preferred stock expected returns. We can calculate the autocorrelation of OceanFirst Financial returns to help us make a trade decision. For example, suppose you find that OceanFirst Financial has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OceanFirst Financial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OceanFirst Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OceanFirst Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OceanFirst Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
OceanFirst Financial Lagged Returns
When evaluating OceanFirst Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OceanFirst Financial preferred stock have on its future price. OceanFirst Financial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OceanFirst Financial autocorrelation shows the relationship between OceanFirst Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in OceanFirst Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with OceanFirst Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OceanFirst Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OceanFirst Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with OceanFirst Preferred Stock
Moving against OceanFirst Preferred Stock
| 0.36 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
| 0.32 | TFC-PO | Truist Financial | PairCorr |
The ability to find closely correlated positions to OceanFirst Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanFirst Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OceanFirst Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OceanFirst Financial Corp to buy it.
The correlation of OceanFirst Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OceanFirst Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanFirst Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OceanFirst Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for OceanFirst Preferred Stock Analysis
When running OceanFirst Financial's price analysis, check to measure OceanFirst Financial'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 OceanFirst Financial is operating at the current time. Most of OceanFirst Financial's value examination focuses on studying past and present price action to predict the probability of OceanFirst Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OceanFirst Financial's price. Additionally, you may evaluate how the addition of OceanFirst Financial to your portfolios can decrease your overall portfolio volatility.