Ocean Other Stockholder Equity vs Total Assets Analysis

OPTT Stock

USD 0.18 0.01 5.26%

Ocean Power financial indicator trend analysis is much more than just breaking down Ocean Power Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocean Power Technologies is a good investment. Please check the relationship between Ocean Power Other Stockholder Equity and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Other Stockholder Equity vs Total Assets

Other Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ocean Power Technologies Other Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ocean Power's Other Stockholder Equity and Total Assets is 0.72. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ocean Power Technologies, assuming nothing else is changed. The correlation between historical values of Ocean Power's Other Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Ocean Power Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Ocean Power's Other Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Stockholder Equity

Total Assets

Total assets refers to the total amount of Ocean Power assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ocean Power Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Ocean Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocean Power Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At this time, Ocean Power's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 12.92 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.78) in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	21.5M	28.3M	32.6M	34.2M
Cost Of Revenue	1.9M	2.5M	2.2M	2.6M

Total Operating Expenses Cost Of Revenue

Ocean Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.58	1.0	-0.58	-0.57	-0.27	0.66	0.65	0.72	0.43	0.29	0.28	0.44	-0.04	0.55	0.54	0.57	0.02	0.86	-0.13	0.77	0.47	0.31	0.44	0.87	-0.07
Short Long Term Debt Total	0.58		0.59	-0.33	-0.67	-0.43	0.79	0.73	0.64	0.31	0.07	0.05	0.86	0.06	0.37	0.3	0.65	-0.38	0.46	-0.2	0.78	0.25	0.45	0.86	0.45	0.32
Total Stockholder Equity	1.0	0.59		-0.6	-0.56	-0.27	0.65	0.63	0.7	0.35	0.21	0.19	0.43	-0.07	0.53	0.56	0.55	-0.02	0.88	-0.16	0.76	0.46	0.29	0.43	0.88	-0.03
Net Debt	-0.58	-0.33	-0.6		0.22	0.23	-0.02	-0.07	-0.32	0.02	-0.01	0.03	0.04	0.22	0.02	-0.98	0.23	0.08	-0.66	0.26	-0.22	0.36	0.09	0.04	-0.65	-0.12
Retained Earnings	-0.57	-0.67	-0.56	0.22		0.89	-0.69	-0.62	-0.91	-0.36	-0.21	-0.13	-0.63	-0.16	-0.14	-0.11	-0.61	0.39	-0.17	0.3	-0.69	-0.1	-0.35	-0.63	-0.17	0.23
Other Assets	-0.27	-0.43	-0.27	0.23	0.89		-0.41	-0.31	-0.73	-0.07	-0.01	0.1	-0.37	-0.12	0.16	-0.11	-0.28	0.54	0.08	0.31	-0.42	0.24	-0.12	-0.37	0.1	0.26
Common Stock Shares Outstanding	0.66	0.79	0.65	-0.02	-0.69	-0.41		0.87	0.68	0.47	0.22	0.19	0.9	0.2	0.67	0.0	0.94	-0.39	0.47	-0.01	0.96	0.64	0.43	0.9	0.47	0.03
Non Current Liabilities Total	0.65	0.73	0.63	-0.07	-0.62	-0.31	0.87		0.62	0.53	0.38	0.25	0.82	0.03	0.5	0.03	0.83	-0.12	0.44	0.03	0.86	0.56	0.17	0.82	0.44	-0.15
Other Stockholder Equity	0.72	0.64	0.7	-0.32	-0.91	-0.73	0.68	0.62		0.48	0.29	0.25	0.58	0.1	0.31	0.23	0.59	-0.29	0.36	-0.26	0.71	0.19	0.44	0.58	0.36	-0.2
Total Liab	0.43	0.31	0.35	0.02	-0.36	-0.07	0.47	0.53	0.48		0.88	0.93	0.48	0.36	0.41	-0.08	0.53	0.29	0.14	0.15	0.48	0.29	0.36	0.48	0.19	-0.37
Other Current Liab	0.29	0.07	0.21	-0.01	-0.21	-0.01	0.22	0.38	0.29	0.88		0.88	0.26	0.04	0.08	-0.06	0.29	0.43	0.02	0.27	0.28	0.11	0.11	0.26	0.08	-0.51
Total Current Liabilities	0.28	0.05	0.19	0.03	-0.13	0.1	0.19	0.25	0.25	0.93	0.88		0.2	0.36	0.31	-0.07	0.29	0.43	0.05	0.21	0.22	0.16	0.3	0.2	0.11	-0.36
Property Plant And Equipment Net	0.44	0.86	0.43	0.04	-0.63	-0.37	0.9	0.82	0.58	0.48	0.26	0.2		0.23	0.46	-0.06	0.85	-0.33	0.25	-0.05	0.85	0.44	0.52	1.0	0.25	0.04
Current Deferred Revenue	-0.04	0.06	-0.07	0.22	-0.16	-0.12	0.2	0.03	0.1	0.36	0.04	0.36	0.23		0.25	-0.27	0.24	0.08	-0.2	-0.17	0.13	0.08	0.39	0.23	-0.2	-0.29
Accounts Payable	0.55	0.37	0.53	0.02	-0.14	0.16	0.67	0.5	0.31	0.41	0.08	0.31	0.46	0.25		0.06	0.68	-0.22	0.62	0.18	0.63	0.76	0.39	0.46	0.63	0.24
Cash	0.54	0.3	0.56	-0.98	-0.11	-0.11	0.0	0.03	0.23	-0.08	-0.06	-0.07	-0.06	-0.27	0.06		-0.26	-0.12	0.71	-0.21	0.19	-0.32	-0.09	-0.06	0.69	0.23
Non Current Assets Total	0.57	0.65	0.55	0.23	-0.61	-0.28	0.94	0.83	0.59	0.53	0.29	0.29	0.85	0.24	0.68	-0.26		-0.19	0.34	0.05	0.87	0.78	0.48	0.85	0.34	-0.06
Non Currrent Assets Other	0.02	-0.38	-0.02	0.08	0.39	0.54	-0.39	-0.12	-0.29	0.29	0.43	0.43	-0.33	0.08	-0.22	-0.12	-0.19		-0.06	0.06	-0.32	0.07	-0.1	-0.33	-0.03	-0.38
Cash And Short Term Investments	0.86	0.46	0.88	-0.66	-0.17	0.08	0.47	0.44	0.36	0.14	0.02	0.05	0.25	-0.2	0.62	0.71	0.34	-0.06		-0.03	0.59	0.44	0.17	0.25	1.0	0.26
Net Receivables	-0.13	-0.2	-0.16	0.26	0.3	0.31	-0.01	0.03	-0.26	0.15	0.27	0.21	-0.05	-0.17	0.18	-0.21	0.05	0.06	-0.03		-0.12	0.22	-0.22	-0.05	-0.02	-0.06
Common Stock Total Equity	0.77	0.78	0.76	-0.22	-0.69	-0.42	0.96	0.86	0.71	0.48	0.28	0.22	0.85	0.13	0.63	0.19	0.87	-0.32	0.59	-0.12		0.57	0.4	0.85	0.59	-0.04
Short Term Investments	0.47	0.25	0.46	0.36	-0.1	0.24	0.64	0.56	0.19	0.29	0.11	0.16	0.44	0.08	0.76	-0.32	0.78	0.07	0.44	0.22	0.57		0.33	0.44	0.46	0.07
Other Current Assets	0.31	0.45	0.29	0.09	-0.35	-0.12	0.43	0.17	0.44	0.36	0.11	0.3	0.52	0.39	0.39	-0.09	0.48	-0.1	0.17	-0.22	0.4	0.33		0.52	0.18	0.08
Property Plant And Equipment Gross	0.44	0.86	0.43	0.04	-0.63	-0.37	0.9	0.82	0.58	0.48	0.26	0.2	1.0	0.23	0.46	-0.06	0.85	-0.33	0.25	-0.05	0.85	0.44	0.52		0.25	0.04
Total Current Assets	0.87	0.45	0.88	-0.65	-0.17	0.1	0.47	0.44	0.36	0.19	0.08	0.11	0.25	-0.2	0.63	0.69	0.34	-0.03	1.0	-0.02	0.59	0.46	0.18	0.25		0.25
Short Term Debt	-0.07	0.32	-0.03	-0.12	0.23	0.26	0.03	-0.15	-0.2	-0.37	-0.51	-0.36	0.04	-0.29	0.24	0.23	-0.06	-0.38	0.26	-0.06	-0.04	0.07	0.08	0.04	0.25

Click cells to compare fundamentals

Ocean Power Account Relationship Matchups

Ocean Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.5M	86.4M	73.4M	53.4M	48.0M	36.6M
Total Stockholder Equity	10.5M	80.5M	68.8M	44.0M	39.6M	32.3M
Net Debt	(8.6M)	(81.0M)	(7.0M)	(5.0M)	(5.8M)	(6.1M)
Retained Earnings	(220.1M)	(234.9M)	(253.8M)	(280.1M)	(252.1M)	(239.5M)
Other Assets	155K	221K	222K	219K	197.1K	187.2K
Common Stock Shares Outstanding	7.2M	30.0M	54.0M	56.0M	64.4M	67.6M
Liabilities And Stockholders Equity	13.5M	86.4M	73.4M	53.4M	48.0M	36.6M
Non Current Liabilities Total	1.1M	1.2M	1.6M	1.5M	1.7M	1.8M
Other Stockholder Equity	230.8M	315.5M	322.6M	324.0M	372.6M	191.8M
Total Liab	3.0M	5.9M	4.6M	9.4M	10.8M	6.0M
Other Current Liab	1.3M	3.2M	1.6M	5.0M	5.8M	3.2M
Total Current Liabilities	1.9M	4.7M	3.0M	7.9M	7.1M	3.9M
Property Plant And Equipment Net	1.7M	1.4M	1.2M	3.0M	3.5M	3.7M
Current Deferred Revenue	188K	100K	129K	1.4M	1.6M	1.7M
Accounts Payable	220K	687K	905K	952K	856.8K	606.0K
Cash	10.0M	83.0M	7.9M	6.9M	6.2M	5.9M
Non Current Assets Total	1.9M	1.9M	14.1M	15.7M	14.1M	14.8M
Non Currrent Assets Other	155K	221K	222K	219K	139.5K	132.5K
Cash And Short Term Investments	10.0M	83.0M	57.3M	34.7M	31.2M	29.9M
Net Receivables	356K	540K	868K	897K	807.3K	832.8K
Common Stock Total Equity	5K	13K	52K	56K	64.4K	67.6K
Short Term Investments	60K	68K	49.4M	27.8M	25.0M	26.3M
Other Current Assets	588K	487K	467K	994K	894.6K	491.1K
Property Plant And Equipment Gross	1.7M	1.4M	1.2M	3.0M	3.5M	3.7M
Total Current Assets	11.7M	84.4M	59.3M	37.7M	33.9M	31.7M
Short Term Debt	329K	842K	319K	529K	476.1K	571.3K
Common Stock	5K	13K	52K	56K	64.4K	67.6K
Property Plant Equipment	499K	1.4M	1.2M	1.3M	1.5M	738.9K
Treasury Stock	(301K)	(302K)	(338K)	(355K)	(319.5K)	(303.5K)
Net Tangible Assets	10.5M	80.2M	56.2M	31.4M	36.2M	27.9M
Retained Earnings Total Equity	(209.8M)	(220.1M)	(234.9M)	(280.1M)	(252.1M)	(264.7M)
Capital Surpluse	226.0M	231.1M	315.8M	324.4M	373.1M	235.9M
Inventory	707K	384K	442K	1.0M	939.6K	712.7K

Pair Trading with Ocean Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ocean Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ocean Power will appreciate offsetting losses from the drop in the long position's value.

Moving against Ocean Stock

0.83	EPAC	Enerpac Tool Group Financial Report 19th of June 2024	Pair Corr
0.78	CR	Crane Company	Pair Corr
0.61	DOV	Dover	Pair Corr
0.57	CXT	Crane NXT	Pair Corr

The ability to find closely correlated positions to Ocean Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ocean Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ocean Power Technologies to buy it.

The correlation of Ocean Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocean Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Power Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ocean Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ocean Power Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ocean Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ocean Power Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Ocean Power Technologies Stock:

How To Invest In Ocean

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Is Ocean Stock a good investment?

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What is Ocean Power's Net Worth?

Details

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

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.

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Ocean Other Stockholder Equity vs Total Assets Analysis

Other Stockholder Equity vs Total Assets

Other Stockholder Equity vs Total Assets Correlation Analysis

Correlation Coefficient

Other Stockholder Equity

Total Assets

Ocean Power fundamental ratios Correlations

Ocean Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ocean Power fundamental ratios Accounts

Pair Trading with Ocean Power

Moving against Ocean Stock

Complementary Tools for Ocean Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock Total Equity	+ 0.96	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.94	Common Stock Shares Outstanding
Total Current Liabilities	+ 0.93	Total Liab

Cash	- 0.98	Net Debt
Other Stockholder Equity	- 0.91	Retained Earnings
Other Stockholder Equity	- 0.73	Other Assets
Common Stock Total Equity	- 0.69	Retained Earnings
Common Stock Shares Outstanding	- 0.69	Retained Earnings
Retained Earnings	- 0.67	Short Long Term Debt Total