Ocean Non Operating Income Net Other from 2010 to 2024
| OPTT Stock | USD 0.20 0.01 5.26% |
Non Operating Income Net Other | First Reported 2011-07-31 | Previous Quarter -33 K | Current Value 891 K | Quarterly Volatility 384.9 K |
Check Ocean Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ocean main balance sheet or income statement drivers, such as Depreciation And Amortization of 394.1 K, Total Revenue of 2.4 M or Gross Profit of 285 K, as well as many exotic indicators such as Price To Sales Ratio of 11.44, Dividend Yield of 0.0 or PTB Ratio of 0.71. Ocean financial statements analysis is a perfect complement when working with Ocean Power Valuation or Volatility modules.
Ocean | Non Operating Income Net Other |
Latest Ocean Power's Non Operating Income Net Other Growth Pattern
Below is the plot of the Non Operating Income Net Other of Ocean Power Technologies over the last few years. It is Ocean Power's Non Operating Income Net Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ocean Power's overall financial position and show how it may be relating to other accounts over time.
| Non Operating Income Net Other | 10 Years Trend |
|
Non Operating Income Net Other |
| Timeline |
Ocean Non Operating Income Net Other Regression Statistics
| Arithmetic Mean | 168,086 | |
| Geometric Mean | 33,589 | |
| Coefficient Of Variation | 228.43 | |
| Mean Deviation | 219,453 | |
| Median | 1,000.00 | |
| Standard Deviation | 383,952 | |
| Sample Variance | 147.4B | |
| Range | 1.6M | |
| R-Value | (0.25) | |
| Mean Square Error | 149B | |
| R-Squared | 0.06 | |
| Significance | 0.37 | |
| Slope | (21,340) | |
| Total Sum of Squares | 2.1T |
Ocean Non Operating Income Net Other History
About Ocean Power Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Ocean Power income statement, its balance sheet, and the statement of cash flows. Ocean Power investors use historical funamental indicators, such as Ocean Power's Non Operating Income Net Other, to determine how well the company is positioned to perform in the future. Although Ocean Power investors may use each financial statement separately, they are all related. The changes in Ocean Power's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ocean Power's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ocean Power Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ocean Power. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Non Operating Income Net Other | 900.00 | 855.00 |
Pair Trading with Ocean Power
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 Ocean Power 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 Ocean Power will appreciate offsetting losses from the drop in the long position's value.Moving against Ocean Stock
| 0.83 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.79 | CR | Crane Company | PairCorr |
| 0.78 | ETN | Eaton PLC | PairCorr |
| 0.64 | DOV | Dover | PairCorr |
| 0.56 | CXT | Crane NXT | PairCorr |
The ability to find closely correlated positions to Ocean Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Power 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 Ocean Power - 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 Ocean Power Technologies to buy it.
The correlation of Ocean Power 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 Ocean Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Power Technologies 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 Ocean Power 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.Check out the analysis of Ocean Power Correlation against competitors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary 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.
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Is Ocean Power'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 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 (0.55) | Revenue Per Share 0.085 | Quarterly Revenue Growth 1.441 | Return On Assets (0.42) | Return On Equity (0.77) |
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.