Ouster Correlations
OUST Stock | USD 11.70 0.46 3.78% |
The correlation of Ouster 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 Ouster moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ouster Inc 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.
Modest diversification
The correlation between Ouster Inc and NYA is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ouster Inc and NYA in the same portfolio, assuming nothing else is changed.
Ouster |
The ability to find closely correlated positions to Ouster could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ouster 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 Ouster - 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 Ouster Inc to buy it.
Moving together with Ouster Stock
0.69 | KE | Kimball Electronics Fiscal Year End 21st of August 2024 | PairCorr |
0.78 | KN | Knowles Cor | PairCorr |
0.69 | UI | Ubiquiti Networks Fiscal Year End 23rd of August 2024 | PairCorr |
0.83 | DSWL | Deswell Industries | PairCorr |
0.71 | VISL | Vislink Technologies | PairCorr |
0.67 | VRME | VerifyMe | PairCorr |
Moving against Ouster Stock
0.9 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
0.83 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
0.71 | FFIV | F5 Networks Fiscal Year End 22nd of October 2024 | PairCorr |
0.68 | BAERW | Bridger Aerospace | PairCorr |
0.66 | FEIM | Frequency Electronics | PairCorr |
0.48 | EBON | Ebang International | PairCorr |
0.48 | EXTR | Extreme Networks Fiscal Year End 7th of August 2024 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Ouster Stock performing well and Ouster Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ouster's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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KVHI | 1.49 | 0.08 | 0.03 | 0.16 | 2.17 | 3.37 | 11.54 | |||
CMTL | 5.26 | (1.15) | 0.00 | (2.80) | 0.00 | 12.14 | 34.03 | |||
KN | 1.16 | 0.07 | 0.06 | 0.09 | 1.22 | 2.55 | 6.61 | |||
ITRN | 1.14 | 0.09 | 0.07 | 0.13 | 1.24 | 2.89 | 9.75 | |||
ADTN | 2.32 | (0.10) | 0.00 | (0.04) | 0.00 | 4.13 | 22.16 | |||
MYNA | 3.79 | 0.08 | 0.01 | 0.56 | 4.35 | 8.11 | 27.09 | |||
DGII | 1.62 | (0.29) | 0.00 | (0.18) | 0.00 | 3.09 | 21.36 | |||
SILC | 1.38 | 0.07 | 0.02 | 0.62 | 1.91 | 2.72 | 7.86 | |||
AVNW | 1.46 | (0.19) | 0.00 | (0.22) | 0.00 | 3.20 | 19.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ouster 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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Ouster Corporate Management
Elected by the shareholders, the Ouster's board of directors comprises two types of representatives: Ouster inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ouster. The board's role is to monitor Ouster's management team and ensure that shareholders' interests are well served. Ouster's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ouster's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chen CFA | VP Treasurer | Profile | |
Charles Pacala | CEO CoFounder | Profile | |
Myra Pasek | General Counsel, Company Secretary | Profile | |
Darien Spencer | Executive Vice President - Global Operations | Profile | |
Megan Chung | General Secretary | Profile | |
Jorge Calvo | Independent Director | Profile |
Already Invested in Ouster Inc?
The danger of trading Ouster Inc 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 Ouster 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 Ouster. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ouster Inc 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.
When determining whether Ouster Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ouster Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ouster Inc Stock. Highlighted below are key reports to facilitate an investment decision about Ouster Inc Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ouster Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running Ouster's price analysis, check to measure Ouster'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 Ouster is operating at the current time. Most of Ouster's value examination focuses on studying past and present price action to predict the probability of Ouster's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ouster's price. Additionally, you may evaluate how the addition of Ouster to your portfolios can decrease your overall portfolio volatility.
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Is Ouster'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 Ouster. If investors know Ouster 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 Ouster listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.62) | Revenue Per Share 2.268 | Quarterly Revenue Growth 0.506 | Return On Assets (0.17) | Return On Equity (0.90) |
The market value of Ouster Inc is measured differently than its book value, which is the value of Ouster that is recorded on the company's balance sheet. Investors also form their own opinion of Ouster's value that differs from its market value or its book value, called intrinsic value, which is Ouster'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 Ouster's market value can be influenced by many factors that don't directly affect Ouster'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 Ouster's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ouster is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ouster'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.