Ocean Protocol Financials
| OCEAN Crypto | USD 1.01 0.01 0.98% |
Ocean |
Please note, the presentation of Ocean Protocol's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ocean Protocol's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ocean Protocol's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ocean Protocol. Please utilize our Beneish M Score to check the likelihood of Ocean Protocol's management manipulating its earnings.
Ocean Protocol Crypto Summary
Ocean Protocol competes with Solana, XRP, Open Network, Staked Ether, and Ethena. Ocean Protocol is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
Ocean Protocol Systematic Risk
Ocean Protocol's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ocean Protocol volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Ocean Protocol correlated with the market. If Beta is less than 0 Ocean Protocol generally moves in the opposite direction as compared to the market. If Ocean Protocol Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ocean Protocol is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ocean Protocol is generally in the same direction as the market. If Beta > 1 Ocean Protocol moves generally in the same direction as, but more than the movement of the benchmark.
Ocean Protocol April 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Ocean Protocol help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ocean Protocol. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ocean Protocol based on widely used predictive technical indicators. In general, we focus on analyzing Ocean Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ocean Protocol's daily price indicators and compare them against related drivers.
| Downside Deviation | 7.5 | |||
| Information Ratio | 0.1845 | |||
| Maximum Drawdown | 47.39 | |||
| Value At Risk | (11.36) | |||
| Potential Upside | 17.24 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Protocol. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.