Odyssey Story

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OMEX -- USA Stock  

USD 6.28  0.17  2.78%

While some millenniums are indifferent towards industrials space, it makes sense to break down Odyssey Marine Exploration in terms of its current potentials. As expected, Odyssey Marine is starting to reaffirm its true potential as investors are becoming more and more confident in the future outlook. The returns on the market and returns on Odyssey Marine appear slightly correlated for the last few months. The appearance of strong basic indicators of the company suggests a short-term price swing for investors of Odyssey. The stock experiences an active upward rally.
Published over two weeks ago
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Should I shadow Odyssey Marine Exploration (NASDAQ:OMEX) investors?
This firm's average rating is Hold from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Odyssey Marine market sentiment investors' perception of the future value of Odyssey. Let us look at a few aspects of Odyssey technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Odyssey Marine Exploration. In general, we focus on analyzing Odyssey Marine stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Odyssey Marine's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Odyssey Marine's intrinsic value. In addition to deriving basic predictive indicators for Odyssey Marine, we also check how macroeconomic factors affect Odyssey Marine price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Odyssey Stands against Peers?

Analyzing Odyssey Marine competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Odyssey Marine across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Odyssey Marine Competition Details

How Odyssey utilizes its cash?

To perform a cash flow analysis of Odyssey Marine, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Odyssey Marine is receiving and how much cash it distributes out in a given period. The Odyssey Marine cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Odyssey Marine Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Odyssey Marine reported Net Cash Flow from Operations of (5.44 Million) in 2019

Odyssey Marine exotic insider transaction detected

Legal trades by Odyssey Marine insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Odyssey insider trading alert for general transaction of common stock by Mark Justh, the corporate stakeholder, on 1st of September 2020. This event was filed by Odyssey Marine Exploratio with SEC on 2020-09-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Odyssey Marine Downside Variance

Odyssey Marine Exploration has current Downside Variance of 16.38. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.

Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.

Downside Variance 
 = 
SUM(RET DEV)2 
N(ER) 
 = 
16.38
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N(ER) = Number of points with returns less than expected return for the period
Let's now compare Odyssey Marine Downside Variance to its closest peers:
OMEX
DLHC
ABM
ARC
IAA
OMEX16.381072510995406
DLHC14.77
ABM7.92
ARC43.22
IAA3.99

Our take on today Odyssey Marine rise

The information ratio is down to 0.15 as of today. Odyssey Marine Exploration shows above-average downside volatility for the selected time horizon. We advise investors to inspect Odyssey Marine Exploration further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Odyssey Marine future alpha.

Our Final Takeaway

While some other firms under the specialty business services industry are still a bit expensive, Odyssey Marine may offer a potential longer-term growth to investors. While some investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Odyssey Marine.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Odyssey Marine Exploration. Please refer to our Terms of Use for any information regarding our disclosure principles.

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