Oceaneering International Stock Market Value

OII Stock  USD 23.40  0.07  0.30%   
Oceaneering International's market value is the price at which a share of Oceaneering International trades on a public exchange. It measures the collective expectations of Oceaneering International investors about its performance. Oceaneering International is trading at 23.40 as of the 29th of March 2024. This is a 0.30 percent increase since the beginning of the trading day. The stock's open price was 23.33.
With this module, you can estimate the performance of a buy and hold strategy of Oceaneering International and determine expected loss or profit from investing in Oceaneering International over a given investment horizon. Check out Oceaneering International Correlation, Oceaneering International Volatility and Oceaneering International Alpha and Beta module to complement your research on Oceaneering International.
For more detail on how to invest in Oceaneering Stock please use our How to Invest in Oceaneering International guide.
Symbol

Oceaneering International Price To Book Ratio

Is Oceaneering International'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 Oceaneering International. If investors know Oceaneering 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 Oceaneering International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.887
Earnings Share
0.95
Revenue Per Share
24.079
Quarterly Revenue Growth
0.221
Return On Assets
0.0531
The market value of Oceaneering International is measured differently than its book value, which is the value of Oceaneering that is recorded on the company's balance sheet. Investors also form their own opinion of Oceaneering International's value that differs from its market value or its book value, called intrinsic value, which is Oceaneering International'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 Oceaneering International's market value can be influenced by many factors that don't directly affect Oceaneering International'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 Oceaneering International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oceaneering International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceaneering International'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.

Oceaneering International '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 Oceaneering International'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 Oceaneering International.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Oceaneering International on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Oceaneering International or generate 0.0% return on investment in Oceaneering International over 720 days. Oceaneering International is related to or competes with Newpark Resources, Tenaris SA, Now, Bristow, Enerflex, and Weatherford International. Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, de... More

Oceaneering International 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 Oceaneering International'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 Oceaneering International upside and downside potential and time the market with a certain degree of confidence.

Oceaneering International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceaneering International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceaneering International's standard deviation. In reality, there are many statistical measures that can use Oceaneering International historical prices to predict the future Oceaneering International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oceaneering International'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.
Hype
Prediction
LowEstimatedHigh
21.3523.4525.55
Details
Intrinsic
Valuation
LowRealHigh
21.8223.9226.02
Details
Naive
Forecast
LowNextHigh
22.1524.2526.35
Details
6 Analysts
Consensus
LowTargetHigh
23.2125.5028.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oceaneering International. Your research has to be compared to or analyzed against Oceaneering International's peers to derive any actionable benefits. When done correctly, Oceaneering International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Oceaneering International.

Oceaneering International Backtested Returns

Oceaneering International appears to be very steady, given 3 months investment horizon. Oceaneering International maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oceaneering International, which you can use to evaluate the volatility of the company. Please evaluate Oceaneering International's Risk Adjusted Performance of 0.045, coefficient of variation of 1475.56, and Semi Deviation of 2.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oceaneering International holds a performance score of 8. The company holds a Beta of 1.57, 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, Oceaneering International will likely underperform. Please check Oceaneering International's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Oceaneering International's historical price patterns will revert.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Oceaneering International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oceaneering International time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Oceaneering International price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Oceaneering International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.11
Residual Average0.0
Price Variance6.84

Oceaneering International lagged returns against current returns

Autocorrelation, which is Oceaneering International 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 Oceaneering International's stock expected returns. We can calculate the autocorrelation of Oceaneering International returns to help us make a trade decision. For example, suppose you find that Oceaneering International 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  

Oceaneering International 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 Oceaneering International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceaneering International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceaneering International stock over time.
   Current vs Lagged Prices   
       Timeline  

Oceaneering International Lagged Returns

When evaluating Oceaneering International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceaneering International stock have on its future price. Oceaneering International 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, Oceaneering International autocorrelation shows the relationship between Oceaneering International stock current value and its past values and can show if there is a momentum factor associated with investing in Oceaneering International.
   Regressed Prices   
       Timeline  

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When determining whether Oceaneering International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oceaneering International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oceaneering International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceaneering International Stock:
Check out Oceaneering International Correlation, Oceaneering International Volatility and Oceaneering International Alpha and Beta module to complement your research on Oceaneering International.
For more detail on how to invest in Oceaneering Stock please use our How to Invest in Oceaneering International guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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Oceaneering International 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.
A focus of Oceaneering International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oceaneering International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...