Optical Cable Stock Probability of Future Stock Price Finishing Under 2.06
| OCC Stock | USD 2.10 0.01 0.48% |
Optical |
Optical Cable Target Price Odds to finish below 2.06
The tendency of Optical Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 2.06 or more in 90 days |
| 2.10 | 90 days | 2.06 | nearly 4.08 |
Based on a normal probability distribution, the odds of Optical Cable to drop to $ 2.06 or more in 90 days from now is nearly 4.08 (This Optical Cable probability density function shows the probability of Optical Stock to fall within a particular range of prices over 90 days) . Probability of Optical Cable price to stay between $ 2.06 and its current price of $2.1 at the end of the 90-day period is roughly 2.23 .
Considering the 90-day investment horizon Optical Cable has a beta of 0.39. This indicates as returns on the market go up, Optical Cable average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Optical Cable will be expected to be much smaller as well. Additionally Optical Cable has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Optical Cable Price Density |
| Price |
Predictive Modules for Optical Cable
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Optical Cable. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optical Cable's 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.
Optical Cable Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Optical Cable is not an exception. The market had few large corrections towards the Optical Cable's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Optical Cable, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Optical Cable within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 0.39 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.13 |
Optical Cable Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Optical Cable for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Optical Cable can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Optical Cable generated a negative expected return over the last 90 days | |
| Optical Cable has about 192.29 K in cash with (395.68 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Optical Cable has a poor financial position based on the latest SEC disclosures | |
| Roughly 35.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from cnet.com: College Football Playoff How to Watch Notre Dame vs. Indiana Tonight Without Cable |
Optical Cable Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Optical Stock often depends not only on the future outlook of the current and potential Optical Cable's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Optical Cable's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.9 M | |
| Cash And Short Term Investments | 1.5 M |
Optical Cable Technical Analysis
Optical Cable's future price can be derived by breaking down and analyzing its technical indicators over time. Optical Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Optical Cable. In general, you should focus on analyzing Optical Stock price patterns and their correlations with different microeconomic environments and drivers.
Optical Cable Predictive Forecast Models
Optical Cable's time-series forecasting models is one of many Optical Cable's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Optical Cable's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Optical Cable
Checking the ongoing alerts about Optical Cable for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Optical Cable help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Optical Cable generated a negative expected return over the last 90 days | |
| Optical Cable has about 192.29 K in cash with (395.68 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Optical Cable has a poor financial position based on the latest SEC disclosures | |
| Roughly 35.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from cnet.com: College Football Playoff How to Watch Notre Dame vs. Indiana Tonight Without Cable |
Check out Optical Cable Backtesting, Optical Cable Valuation, Optical Cable Correlation, Optical Cable Hype Analysis, Optical Cable Volatility, Optical Cable History as well as Optical Cable Performance. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Communications Equipment space 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 Optical Cable. If investors know Optical 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 Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share 8.284 | Quarterly Revenue Growth (0.04) | Return On Assets (0.08) | Return On Equity (0.25) |
The market value of Optical Cable is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable'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 Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable'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 Optical Cable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optical Cable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable'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.