Odyssey Marine Exploration Stock Technical Analysis
| OMEX Stock | USD 3.79 0.06 1.56% |
As of the 16th of April 2024, Odyssey Marine holds the Risk Adjusted Performance of (0.06), coefficient of variation of (866.18), and Variance of 7.37. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Odyssey Marine, 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 analyze and collect data for thirteen technical drivers for Odyssey Marine Explo, which can be compared to its competitors. Please check Odyssey Marine Explo risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Odyssey Marine Explo is priced some-what accurately, providing market reflects its current price of 3.79 per share. Given that Odyssey Marine has information ratio of (0.14), we recommend you to check out Odyssey Marine Explo's recent market performance to make sure the company can sustain itself at a future point.
Odyssey Marine Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Odyssey, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OdysseyOdyssey |
Odyssey Marine 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.
Odyssey Marine Explo Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Odyssey Marine Explo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Odyssey Marine Explo Trend Analysis
Use this graph to draw trend lines for Odyssey Marine Exploration. You can use it to identify possible trend reversals for Odyssey Marine as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Odyssey Marine price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Odyssey Marine Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Odyssey Marine Exploration applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Odyssey Marine Exploration market price will keep on failing further. It has 122 observation points and a regression sum of squares at 8.6, which is the sum of squared deviations for the predicted Odyssey Marine price change compared to its average price change.About Odyssey Marine Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Odyssey Marine Exploration on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Odyssey Marine Exploration based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Odyssey Marine Explo price pattern first instead of the macroeconomic environment surrounding Odyssey Marine Explo. By analyzing Odyssey Marine's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Odyssey Marine's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Odyssey Marine specific price patterns or momentum indicators. Please read more on our technical analysis page.
Odyssey Marine April 16, 2024 Technical Indicators
Most technical analysis of Odyssey help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Odyssey from various momentum indicators to cycle indicators. When you analyze Odyssey charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.50) | |||
| Mean Deviation | 2.02 | |||
| Coefficient Of Variation | (866.18) | |||
| Standard Deviation | 2.71 | |||
| Variance | 7.37 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.51) | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 4.16 | |||
| Skewness | (0.11) | |||
| Kurtosis | 0.3555 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey Marine Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Odyssey Marine Explo information on this page should be used as a complementary analysis to other Odyssey Marine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Odyssey Stock analysis
When running Odyssey Marine's price analysis, check to measure Odyssey Marine'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 Odyssey Marine is operating at the current time. Most of Odyssey Marine's value examination focuses on studying past and present price action to predict the probability of Odyssey Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Marine's price. Additionally, you may evaluate how the addition of Odyssey Marine to your portfolios can decrease your overall portfolio volatility.
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Is Odyssey Marine'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 Odyssey Marine. If investors know Odyssey 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 Odyssey Marine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Odyssey Marine Explo is measured differently than its book value, which is the value of Odyssey that is recorded on the company's balance sheet. Investors also form their own opinion of Odyssey Marine's value that differs from its market value or its book value, called intrinsic value, which is Odyssey Marine'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 Odyssey Marine's market value can be influenced by many factors that don't directly affect Odyssey Marine'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 Odyssey Marine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Odyssey Marine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Odyssey Marine'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.