Ocean Power Technologies Stock Market Value
| OPTT Stock | USD 0.32 0.02 5.88% |
| Symbol | Ocean |
Ocean Power Technologies Price To Book Ratio
Is Heavy Electrical Equipment space 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 Ocean Power. If investors know Ocean 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 Ocean Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.086 | Quarterly Revenue Growth 0.023 | Return On Assets (0.44) | Return On Equity (0.82) |
The market value of Ocean Power Technologies is measured differently than its book value, which is the value of Ocean that is recorded on the company's balance sheet. Investors also form their own opinion of Ocean Power's value that differs from its market value or its book value, called intrinsic value, which is Ocean Power'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 Ocean Power's market value can be influenced by many factors that don't directly affect Ocean Power'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 Ocean Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocean Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocean Power'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.
Ocean Power '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 Ocean Power'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 Ocean Power.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Ocean Power on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ocean Power Technologies or generate 0.0% return on investment in Ocean Power over 30 days. Ocean Power is related to or competes with Pioneer Power, CBAK Energy, Ideal Power, Expion360, Polar Power, Eos Energy, and FuelCell Energy. Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing t... More
Ocean Power 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 Ocean Power'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 Ocean Power Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.17 | |||
| Information Ratio | 0.1166 | |||
| Maximum Drawdown | 108.25 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 31.58 |
Ocean Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocean Power's standard deviation. In reality, there are many statistical measures that can use Ocean Power historical prices to predict the future Ocean Power's volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 1.49 | |||
| Total Risk Alpha | 0.2479 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.568 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocean Power'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.
Ocean Power Technologies Backtested Returns
Ocean Power is out of control given 3 months investment horizon. Ocean Power Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use Ocean Power Semi Deviation of 8.57, coefficient of variation of 815.08, and Risk Adjusted Performance of 0.0981 to evaluate company specific risk that cannot be diversified away. Ocean Power holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of 3.02, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ocean Power will likely underperform. Use Ocean Power sortino ratio, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on Ocean Power.
Auto-correlation | -0.37 |
Poor reverse predictability
Ocean Power Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Ocean Power time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 Ocean Power Technologies price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Ocean Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ocean Power Technologies lagged returns against current returns
Autocorrelation, which is Ocean Power 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 Ocean Power's stock expected returns. We can calculate the autocorrelation of Ocean Power returns to help us make a trade decision. For example, suppose you find that Ocean Power 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 |
Ocean Power 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 Ocean Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocean Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocean Power stock over time.
Current vs Lagged Prices |
| Timeline |
Ocean Power Lagged Returns
When evaluating Ocean Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocean Power stock have on its future price. Ocean Power 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, Ocean Power autocorrelation shows the relationship between Ocean Power stock current value and its past values and can show if there is a momentum factor associated with investing in Ocean Power Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power'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 Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.