Ocean Story

OPTT -- USA Stock

USD 3.67 0.02 0.54%

Macroaxis Story

As many millenniums are trying to avoid industrials space, it makes sense to review Ocean Power a little further and try to understand its current market patterns. We are going to address the reasons why we are still confident in anticipation of a recovery. The returns on the market and returns on Ocean Power appear slightly related to each other for the last few months. Uncertain basic indicators of the firm may also call for signs of mid-term losses for Ocean private investors. The stock is currently undergoing an active upward rally.

Published over a month ago

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Will Ocean Power (NASDAQ:OPTT) price continue to gain in February?

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 Ocean Power market sentiment investors' perception of the future value of Ocean. Let us look at a few aspects of Ocean technical analysis.

Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Ocean Power Tech. In general, we focus on analyzing Ocean Power stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ocean Power'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 Ocean Power's intrinsic value. In addition to deriving basic predictive indicators for Ocean Power, we also check how macroeconomic factors affect Ocean Power price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Ocean Power's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Ocean Power in the context of predictive analytics.

Band Projection (param)

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ocean Power. Your research has to be compared to or analyzed against Ocean Power's peers to derive any actionable benefits. When done correctly, Ocean Power's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Ocean Power Tech.

How does Ocean Stands against Peers?

Analyzing Ocean Power 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 Ocean Power 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 Ocean Power Competition Details

How Ocean utilizes its cash?

To perform a cash flow analysis of Ocean Power, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Ocean Power is receiving and how much cash it distributes out in a given period. The Ocean Power cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Closer look at Ocean Power Semi Deviation

Ocean Power has current Semi Deviation of 4.06. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation

SQRT(SV)

4.06

SQRT	=	Square root notation
SV	=	Ocean Power semi variance of returns over selected period

Let's now compare Ocean Power Semi Deviation to its closest peers:

OPTT

YASKY

AEIS

ABLZF

ABB

	OPTT	4.062948010898567
	YASKY	0.9
	AEIS	1.46
	ABLZF	1.57
	ABB	1.34

Our perspective of the newest Ocean Power gain

The kurtosis is down to 8.58 as of today. As of the 23rd of January, Ocean Power holds the Semi Deviation of 4.06, coefficient of variation of 655.34, and Risk Adjusted Performance of 0.1568. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocean Power, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Ocean Power Technolo, which can be compared to its competitors. Please check Ocean Power Technolo semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Ocean Power Technolo is priced some-what accurately, providing market reflects its current price of 5.6 per share. Given that Ocean Power has jensen alpha of 1.22, we recommend you to check out Ocean Power Technolo's recent market performance to make sure the company can sustain itself at a future point.

Our Final Take On Ocean Power

Whereas some firms within the electrical equipment & parts industry are still a little expensive, even after the recent corrections, Ocean Power may offer a potential longer-term growth to private investors. Taking everything into account, as of the 23rd of January 2021, our latest 30 days Buy-Hold-Sell recommendation on the firm is Strong Sell. We believe Ocean Power is overvalued with high chance of bankruptcy for the next two years.

About Contributor

Raphi Shpitalnik is a Junior Member of Macroaxs Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time base at the beginning of the pandemic and eventually acquired a real test for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile

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 Ocean Power Tech. Please refer to our Terms of Use for any information regarding our disclosure principles.

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Ocean Story

USD 3.67 0.02 0.54%

How does Ocean Stands against Peers?

How Ocean utilizes its cash?

Closer look at Ocean Power Semi Deviation

Our perspective of the newest Ocean Power gain

Our Final Take On Ocean Power

About Contributor

Would you like to provide feedback on the content of this article?

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