Ocean Competitors
| OCEAW Stock | 0.04 0 9.77% |
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Ocean |
Ocean Biomedical Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ocean Biomedical and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ocean and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ocean Biomedical does not affect the price movement of the other competitor.
| 0.59 | 0.55 | 0.1 | -0.05 | TFFP | ||
| 0.59 | 0.36 | -0.62 | -0.34 | ELYM | ||
| 0.55 | 0.36 | 0.12 | -0.12 | INBX | ||
| 0.1 | -0.62 | 0.12 | 0.21 | ELVN | ||
| -0.05 | -0.34 | -0.12 | 0.21 | MOLN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Ocean Stock performing well and Ocean Biomedical Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ocean Biomedical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFFP | 7.01 | (1.58) | 0.00 | (1.10) | 0.00 | 11.28 | 95.77 | |||
| ELYM | 3.87 | (0.72) | 0.00 | 0.69 | 0.00 | 6.21 | 34.87 | |||
| INBX | 2.31 | 0.09 | 0.02 | 0.26 | 2.72 | 5.54 | 16.80 | |||
| ELVN | 2.01 | 0.03 | 0.01 | 0.16 | 2.18 | 5.84 | 12.96 | |||
| MOLN | 4.43 | (0.08) | (0.01) | 0.07 | 4.92 | 9.38 | 52.92 |
Cross Equities Net Income Analysis
Compare Ocean Biomedical and related stocks such as Tff Pharmaceuticals, Eliem Therapeutics, and Inhibrx Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TFFP | (370.4 K) | (370.4 K) | (370.4 K) | (370.4 K) | (370.4 K) | (370.4 K) | (370.4 K) | (178.6 K) | (3.8 M) | (11.8 M) | (18.4 M) | (31 M) | (31.8 M) | (21.2 M) | (22.3 M) |
| INBX | (19.4 M) | (19.4 M) | (19.4 M) | (19.4 M) | (19.4 M) | (19.4 M) | (19.4 M) | (19.4 M) | (31.2 M) | (51.4 M) | (75.6 M) | (81.8 M) | (145.2 M) | (241.4 M) | (229.3 M) |
| ELVN | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (11.3 M) | (23.5 M) | (18.9 M) | (24.7 M) | (37.8 M) | (71.6 M) | (68 M) |
| MOLN | 7.1 M | 7.1 M | 7.1 M | 7.1 M | (2.3 M) | (148.8 K) | (18.6 M) | (25.4 M) | (37 M) | (36.3 M) | (62.8 M) | (63.8 M) | 117.9 M | (62 M) | (58.9 M) |
Ocean Biomedical and related stocks such as Tff Pharmaceuticals, Eliem Therapeutics, and Inhibrx Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Ocean Biomedical financial statement analysis. It represents the amount of money remaining after all of Ocean Biomedical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ocean Biomedical Competitive Analysis
The better you understand Ocean Biomedical competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ocean Biomedical's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ocean Biomedical's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Ocean Biomedical Competition Performance Charts
Five steps to successful analysis of Ocean Biomedical Competition
Ocean Biomedical's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ocean Biomedical in relation to its competition. Ocean Biomedical's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ocean Biomedical in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ocean Biomedical's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ocean Biomedical, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Additional Tools for Ocean Stock Analysis
When running Ocean Biomedical's price analysis, check to measure Ocean Biomedical'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 Biomedical is operating at the current time. Most of Ocean Biomedical's value examination focuses on studying past and present price action to predict the probability of Ocean Biomedical'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 Biomedical's price. Additionally, you may evaluate how the addition of Ocean Biomedical to your portfolios can decrease your overall portfolio volatility.