Oceanpal Stock Price on December 31, 2023
| OP Stock | USD 2.23 0.02 0.89% |
If you're considering investing in Oceanpal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Oceanpal stands at 2.23, as last reported on the 3rd of June, with the highest price reaching 2.23 and the lowest price hitting 2.16 during the day. Oceanpal appears to be very risky, given 3 months investment horizon. Oceanpal maintains Sharpe Ratio (i.e., Efficiency) of 0.0905, which implies the firm had a 0.0905% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Oceanpal, which you can use to evaluate the volatility of the company. Please evaluate Oceanpal's Semi Deviation of 2.69, coefficient of variation of 1477.14, and Risk Adjusted Performance of 0.0506 to confirm if our risk estimates are consistent with your expectations.
At this time, Oceanpal's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 06/03/2024, Other Stockholder Equity is likely to grow to about 105.6 M, while Total Stockholder Equity is likely to drop slightly above 63.2 M. . As of 06/03/2024, Price Earnings To Growth Ratio is likely to grow to 0.06, while Price To Sales Ratio is likely to drop 0.37. Oceanpal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Oceanpal |
Sharpe Ratio = 0.0905
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Estimated Market Risk
| 3.59 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Oceanpal is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oceanpal by adding it to a well-diversified portfolio.
Price Book 0.2087 | Enterprise Value Ebitda (1.03) | Price Sales 1.0207 | Shares Float 1.7 M | Earnings Share (3.83) |
Oceanpal Valuation on December 31, 2023
It is possible to determine the worth of Oceanpal on a given historical date. On December 31, 2023 Oceanpal was worth 2.3 at the beginning of the trading date compared to the closed value of 2.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oceanpal stock. Still, in general, we apply an absolute valuation method to find Oceanpal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oceanpal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oceanpal's related companies.
| Open | High | Low | Close | Volume | |
| 2.26 | 2.31 | 2.26 | 2.31 | 11,235 | |
12/29/2023 | 2.30 | 2.40 | 2.16 | 2.23 | 62,677 |
| 2.24 | 2.47 | 2.23 | 2.42 | 59,623 |
| Backtest Oceanpal | | | Oceanpal History | | | Oceanpal Valuation | Previous | Next |
Oceanpal Trading Date Momentum on December 31, 2023
| On January 02 2024 Oceanpal was traded for 2.42 at the closing time. The highest price during the trading period was 2.47 and the lowest recorded bid was listed for 2.23 . The volume for the day was 59.6 K. This history from January 2, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 8.52% . The trading delta at closing time to the current price is 17.94% . |
Oceanpal Fundamentals Correlations and Trends
By evaluating Oceanpal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oceanpal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oceanpal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oceanpal Stock history
Oceanpal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oceanpal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oceanpal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oceanpal stock prices may prove useful in developing a viable investing in Oceanpal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.4 M | 3.5 M | |
| Net Income Applicable To Common Shares | 324 K | 340.2 K |
Oceanpal Quarterly Net Working Capital |
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Oceanpal Stock Technical Analysis
Oceanpal 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.
Price Boundaries
Oceanpal Period Price Range
Low | December 29, 2023
| High |
2.30 | 2.23 |
Oceanpal June 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Oceanpal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceanpal shares will generate the highest return on investment. By undertsting and applying Oceanpal stock market strength indicators, traders can identify Oceanpal entry and exit signals to maximize returns
| Accumulation Distribution | 6267.7 | |||
| Daily Balance Of Power | (0.29) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 2.28 | |||
| Day Typical Price | 2.26 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.07) |
Oceanpal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oceanpal's price direction in advance. Along with the technical and fundamental analysis of Oceanpal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oceanpal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0506 | |||
| Jensen Alpha | 0.181 | |||
| Total Risk Alpha | 0.0302 | |||
| Sortino Ratio | 0.0687 | |||
| Treynor Ratio | 0.1608 |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oceanpal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Oceanpal Stock analysis
When running Oceanpal's price analysis, check to measure Oceanpal'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 Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.
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Is Oceanpal'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 Oceanpal. If investors know Oceanpal 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 Oceanpal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.83) | Revenue Per Share 5.718 | Quarterly Revenue Growth 0.015 | Return On Assets (0.06) | Return On Equity (0.02) |
The market value of Oceanpal is measured differently than its book value, which is the value of Oceanpal that is recorded on the company's balance sheet. Investors also form their own opinion of Oceanpal's value that differs from its market value or its book value, called intrinsic value, which is Oceanpal'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 Oceanpal's market value can be influenced by many factors that don't directly affect Oceanpal'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 Oceanpal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oceanpal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanpal'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.