Oneconnect Financial Technology Stock Market Value
| OCFT Stock | USD 2.27 0.15 6.20% |
| Symbol | Oneconnect |
Oneconnect Financial Price To Book Ratio
Is Oneconnect Financial'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 Oneconnect Financial. If investors know Oneconnect 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 Oneconnect Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.37) | Revenue Per Share 3.366 | Quarterly Revenue Growth (0.26) | Return On Assets (0.03) | Return On Equity (0.12) |
The market value of Oneconnect Financial is measured differently than its book value, which is the value of Oneconnect that is recorded on the company's balance sheet. Investors also form their own opinion of Oneconnect Financial's value that differs from its market value or its book value, called intrinsic value, which is Oneconnect Financial'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 Oneconnect Financial's market value can be influenced by many factors that don't directly affect Oneconnect Financial'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 Oneconnect Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oneconnect Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oneconnect Financial'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.
Oneconnect 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 Oneconnect Financial's 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 Oneconnect Financial.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Oneconnect Financial on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Oneconnect Financial Technology or generate 0.0% return on investment in Oneconnect Financial over 30 days. Oneconnect Financial is related to or competes with Trust Stamp, Amesite OperatingCo, My Size, Kingsoft Cloud, Global Business, Alight, and CS Disco. OneConnect Financial Technology Co., Ltd More
Oneconnect 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 Oneconnect Financial's 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 Oneconnect Financial Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 5.88 |
Oneconnect Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oneconnect Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oneconnect Financial's standard deviation. In reality, there are many statistical measures that can use Oneconnect Financial historical prices to predict the future Oneconnect Financial's volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oneconnect 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.
Oneconnect Financial Backtested Returns
We consider Oneconnect Financial risky. Oneconnect Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.0197, which implies the firm had a 0.0197% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Oneconnect Financial, which you can use to evaluate the volatility of the company. Please check Oneconnect Financial's Coefficient Of Variation of 64945.64, risk adjusted performance of 0.0094, and Semi Deviation of 3.78 to confirm if the risk estimate we provide is consistent with the expected return of 0.0792%. Oneconnect Financial has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.03, which implies a somewhat significant risk relative to the market. Oneconnect Financial returns are very sensitive to returns on the market. As the market goes up or down, Oneconnect Financial is expected to follow. Oneconnect Financial right now holds a risk of 4.02%. Please check Oneconnect Financial potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Oneconnect Financial will be following its historical price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Oneconnect Financial Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Oneconnect Financial time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Oneconnect Financial price movement. The serial correlation of -0.72 indicates that around 72.0% of current Oneconnect Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Oneconnect Financial lagged returns against current returns
Autocorrelation, which is Oneconnect Financial 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 Oneconnect Financial's stock expected returns. We can calculate the autocorrelation of Oneconnect Financial returns to help us make a trade decision. For example, suppose you find that Oneconnect Financial has exhibited high autocorrelation historically, and you observe that the 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 |
Oneconnect 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 Oneconnect Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oneconnect Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oneconnect Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Oneconnect Financial Lagged Returns
When evaluating Oneconnect Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oneconnect Financial stock have on its future price. Oneconnect 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, Oneconnect Financial autocorrelation shows the relationship between Oneconnect Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Oneconnect Financial Technology.
Regressed Prices |
| Timeline |
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 Oneconnect Financial 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, Oneconnect Financial's short interest history, or implied volatility extrapolated from Oneconnect Financial options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Oneconnect Financial Correlation, Oneconnect Financial Volatility and Oneconnect Financial Alpha and Beta module to complement your research on Oneconnect Financial. Note that the Oneconnect Financial information on this page should be used as a complementary analysis to other Oneconnect Financial'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Oneconnect Stock analysis
When running Oneconnect Financial's price analysis, check to measure Oneconnect 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 Oneconnect Financial is operating at the current time. Most of Oneconnect Financial's value examination focuses on studying past and present price action to predict the probability of Oneconnect 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 Oneconnect Financial's price. Additionally, you may evaluate how the addition of Oneconnect Financial to your portfolios can decrease your overall portfolio volatility.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Oneconnect Financial 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.