Ocean Power Stock Forecast - Rate Of Daily Change
| OPTT Stock | USD 0.19 0.01 5.56% |
Ocean Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ocean Power stock prices and determine the direction of Ocean Power Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ocean Power's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ocean Power's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ocean Power's systematic risk associated with finding meaningful patterns of Ocean Power fundamentals over time.
Check out Historical Fundamental Analysis of Ocean Power to cross-verify your projections. Ocean |
Open Interest Against 2024-05-17 Ocean Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ocean Power's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ocean Power's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ocean Power stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current Ocean Power's open interest, investors have to compare it to Ocean Power's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ocean Power is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ocean. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Ocean Power cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Ocean Power's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ocean Power's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Ocean Power.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.95 | 1.06 |
| Check Ocean Power Volatility | Backtest Ocean Power | Information Ratio |
Ocean Power Trading Date Momentum
| On April 22 2024 Ocean Power Technologies was traded for 0.19 at the closing time. The top price for the day was 0.19 and the lowest listed price was 0.18 . The trading volume for the day was 321.9 K. The trading history from April 22, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.00% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Ocean Power to competition |
Other Forecasting Options for Ocean Power
For every potential investor in Ocean, whether a beginner or expert, Ocean Power's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ocean Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ocean. Basic forecasting techniques help filter out the noise by identifying Ocean Power's price trends.Ocean Power Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ocean Power stock to make a market-neutral strategy. Peer analysis of Ocean Power could also be used in its relative valuation, which is a method of valuing Ocean Power by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ocean Power Technologies Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ocean Power's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ocean Power's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ocean Power Market Strength Events
Market strength indicators help investors to evaluate how Ocean Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Power shares will generate the highest return on investment. By undertsting and applying Ocean Power stock market strength indicators, traders can identify Ocean Power Technologies entry and exit signals to maximize returns.
| Accumulation Distribution | 16941.95 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 0.19 | |||
| Day Typical Price | 0.19 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.01 |
Ocean Power Risk Indicators
The analysis of Ocean Power's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ocean Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ocean stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.27 | |||
| Standard Deviation | 4.71 | |||
| Variance | 22.14 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ocean Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ocean Power's short interest history, or implied volatility extrapolated from Ocean Power options trading.
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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 (0.52) | 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.