Ocean Power Technologies Stock Probability of Future Stock Price Finishing Over 0.32
| OPTT Stock | USD 0.44 0.11 34.76% |
Ocean |
Ocean Power Target Price Odds to finish over 0.32
The tendency of Ocean 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 stay above $ 0.32 in 90 days |
| 0.44 | 90 days | 0.32 | about 18.17 |
Based on a normal probability distribution, the odds of Ocean Power to stay above $ 0.32 in 90 days from now is about 18.17 (This Ocean Power Technologies probability density function shows the probability of Ocean Stock to fall within a particular range of prices over 90 days) . Probability of Ocean Power Technologies price to stay between $ 0.32 and its current price of $0.44 at the end of the 90-day period is about 15.89 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.67 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ocean Power will likely underperform. Moreover Ocean Power Technologies has an alpha of 1.5168, implying that it can generate a 1.52 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ocean Power Price Density |
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Predictive Modules for Ocean Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ocean Power Technologies. 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 Ocean Power'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.
Ocean Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ocean Power is not an exception. The market had few large corrections towards the Ocean Power'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 Ocean Power Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ocean Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.52 | |
β | Beta against Dow Jones | 1.67 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.12 |
Ocean Power 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 Ocean Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ocean Power Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ocean Power is way too risky over 90 days horizon | |
| Ocean Power has some characteristics of a very speculative penny stock | |
| Ocean Power appears to be risky and price may revert if volatility continues | |
| Ocean Power has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 5.53 M. Net Loss for the year was (27.48 M) with loss before overhead, payroll, taxes, and interest of (101 K). | |
| Ocean Power Technologies currently holds about 51.9 M in cash with (29.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ocean Power has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: Ocean Power Technologies Announces Completion of Product Shipment for Naval Postgraduate School |
Ocean Power 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 Ocean Stock often depends not only on the future outlook of the current and potential Ocean Power'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. Ocean Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 59 M | |
| Cash And Short Term Investments | 3.2 M |
Ocean Power Technical Analysis
Ocean Power's future price can be derived by breaking down and analyzing its technical indicators over time. Ocean Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ocean Power Technologies. In general, you should focus on analyzing Ocean Stock price patterns and their correlations with different microeconomic environments and drivers.
Ocean Power Predictive Forecast Models
Ocean Power's time-series forecasting models is one of many Ocean Power'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 Ocean Power'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 Ocean Power Technologies
Checking the ongoing alerts about Ocean Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ocean Power Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ocean Power is way too risky over 90 days horizon | |
| Ocean Power has some characteristics of a very speculative penny stock | |
| Ocean Power appears to be risky and price may revert if volatility continues | |
| Ocean Power has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 5.53 M. Net Loss for the year was (27.48 M) with loss before overhead, payroll, taxes, and interest of (101 K). | |
| Ocean Power Technologies currently holds about 51.9 M in cash with (29.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ocean Power has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: Ocean Power Technologies Announces Completion of Product Shipment for Naval Postgraduate School |
Additional 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.