OFS Financial Statements From 2010 to 2024
| OCCIO Preferred Stock | USD 24.79 0.06 0.24% |
Check OFS Credit financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OFS Credit's main balance sheet or income statement drivers, such as , as well as many indicators such as . OFS financial statements analysis is a perfect complement when working with OFS Credit Valuation or Volatility modules.
OFS |
OFS Credit Company Price To Earning Analysis
OFS Credit's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current OFS Credit Price To Earning | 8.67 X |
Most of OFS Credit's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, OFS Credit is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, OFS Credit has a Price To Earning of 8.67 times. This is 52.57% lower than that of the Financial Services sector and 40.45% lower than that of the Asset Management industry. The price to earning for all United States preferred stocks is 69.81% higher than that of the company.
OFS Credit Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining OFS Credit's current stock value. Our valuation model uses many indicators to compare OFS Credit value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across OFS Credit competition to find correlations between indicators driving OFS Credit's intrinsic value. More Info.OFS Credit is regarded third in price to earning category among its peers. It also is regarded third in beta category among its peers totaling about 0.17 of Beta per Price To Earning. The ratio of Price To Earning to Beta for OFS Credit is roughly 5.74 . Comparative valuation analysis is a catch-all model that can be used if you cannot value OFS Credit by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for OFS Credit's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About OFS Credit Financial Statements
OFS Credit investors utilize fundamental indicators, such as revenue or net income, to predict how OFS Preferred Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Ofs Credit operates under Asset Management classification in the United States and is traded on NASDAQ Exchange.
Pair Trading with OFS Credit
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 OFS Credit 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 OFS Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with OFS Preferred Stock
| 0.83 | PSEC-PA | Prospect Capital Normal Trading | PairCorr |
| 0.8 | STT-PG | State Street Earnings Call This Week | PairCorr |
| 0.94 | OCCIN | OFS Credit | PairCorr |
Moving against OFS Preferred Stock
| 0.83 | SVVC | Firsthand Technology | PairCorr |
| 0.73 | GLAE | Glassbridge Enterprises | PairCorr |
| 0.65 | BCGWW | Binah Capital Group, | PairCorr |
| 0.59 | CNVT | CVF Technologies | PairCorr |
| 0.56 | JPPYY | Jupai Holdings | PairCorr |
The ability to find closely correlated positions to OFS Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OFS Credit 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 OFS Credit - 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 OFS Credit to buy it.
The correlation of OFS Credit 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 OFS Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OFS Credit 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 OFS Credit 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.Other Information on Investing in OFS Preferred Stock
OFS Credit financial ratios help investors to determine whether OFS Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OFS with respect to the benefits of owning OFS Credit security.