Ocean Glass (Thailand) Today
| OGC Stock | THB 24.50 0.20 0.82% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Ocean Glass is selling for 24.50 as of the 20th of April 2024. This is a 0.82 percent increase since the beginning of the trading day. The stock's last reported lowest price was 24.5. Ocean Glass has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Ocean Glass Public are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
Ocean Glass Public Company Limited, together with its subsidiaries, manufactures and sells table glassware in Thailand. Ocean Glass Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand. OCEAN GLASS operates under Furnishings, Fixtures Appliances classification in Thailand and is traded on Stock Exchange of Thailand.. The company has 21.33 M outstanding shares. More on Ocean Glass Public
Moving together with Ocean Stock
| 0.65 | JAS | Jasmine International | PairCorr |
| 0.66 | AYUD | Allianz Ayudhya Capital | PairCorr |
Moving against Ocean Stock
| 0.56 | RCL | Regional Container Lines | PairCorr |
Follow Valuation Odds of Bankruptcy
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Ocean Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ocean Glass' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ocean Glass or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Chakri Chanrueangwanit |
| Business Concentration | Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors) |
Ocean Glass Public (OGC) is traded on Thailand Exchange in Thailand and employs 22 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 533.27 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ocean Glass's market, we take the total number of its shares issued and multiply it by Ocean Glass's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ocean Glass Public operates under Household Durables sector and is part of Consumer Discretionary industry. The entity has 21.33 M outstanding shares.
Ocean Glass Public has accumulated about 97.19 M in cash with 262 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.56.
Check Ocean Glass Probability Of Bankruptcy
Ownership AllocationOcean Glass Public has a total of 21.33 Million outstanding shares. Ocean Glass holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 72.41 pct. of Ocean Glass Public outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Ocean Ownership Details
Ocean Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Ocean Glass jumping above the current price in 90 days from now is about 8.13%. The Ocean Glass Public probability density function shows the probability of Ocean Glass stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ocean Glass has a beta of 0.1249. This indicates as returns on the market go up, Ocean Glass average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ocean Glass Public will be expected to be much smaller as well. Additionally, ocean Glass Public has an alpha of 0.0601, implying that it can generate a 0.0601 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Ocean Glass to move above the current price in 90 days from now is about 8.13 (This Ocean Glass Public probability density function shows the probability of Ocean Stock to fall within a particular range of prices over 90 days) .
Ocean Glass Public Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ocean Glass market risk premium is the additional return an investor will receive from holding Ocean Glass 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 Ocean Glass. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ocean Glass' alpha and beta are two of the key measurements used to evaluate Ocean Glass' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4849 | |||
| Semi Deviation | 0.5452 | |||
| Standard Deviation | 0.9802 | |||
| Variance | 0.9607 |
Ocean Stock Against Markets
Picking the right benchmark for Ocean Glass stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ocean Glass stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ocean Glass is critical whether you are bullish or bearish towards Ocean Glass Public at a given time. Please also check how Ocean Glass' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ocean Glass without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Ocean Glass Corporate Directors
Ocean Glass corporate directors refer to members of an Ocean Glass board of directors. The board of directors generally takes responsibility for the Ocean Glass' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ocean Glass' board members must vote for the resolution. The Ocean Glass board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Naputt Assakul | Director | Profile | |
| Chachawin Charoenrachaphak | Independent Director | Profile | |
| Thachaphon Posayanon | Independent Director | Profile | |
| Worakarn Chuto | Independent Director | Profile |
How to buy Ocean Stock?
Before investing in Ocean Glass, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ocean Glass. To buy Ocean Glass stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ocean Glass. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ocean Glass stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ocean Glass Public stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ocean Glass Public stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ocean Glass Public, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Ocean Glass Public?
The danger of trading Ocean Glass Public is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ocean Glass is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ocean Glass. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ocean Glass Public is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Glass Public. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Ocean Glass Public information on this page should be used as a complementary analysis to other Ocean Glass' 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Ocean Stock analysis
When running Ocean Glass' price analysis, check to measure Ocean Glass' 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 Ocean Glass is operating at the current time. Most of Ocean Glass' value examination focuses on studying past and present price action to predict the probability of Ocean Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Glass' price. Additionally, you may evaluate how the addition of Ocean Glass to your portfolios can decrease your overall portfolio volatility.
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