Opal Fuels Stock Market Value
| OPAL Stock | USD 3.61 0.03 0.84% |
| Symbol | OPAL |
OPAL Fuels Price To Book Ratio
Is Electric Utilities 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 OPAL Fuels. If investors know OPAL 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 OPAL Fuels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Earnings Share 0.18 | Revenue Per Share 11.16 | Quarterly Revenue Growth 0.182 | Return On Assets 0.0222 |
The market value of OPAL Fuels is measured differently than its book value, which is the value of OPAL that is recorded on the company's balance sheet. Investors also form their own opinion of OPAL Fuels' value that differs from its market value or its book value, called intrinsic value, which is OPAL Fuels' 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 OPAL Fuels' market value can be influenced by many factors that don't directly affect OPAL Fuels' 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 OPAL Fuels' value and its price as these two are different measures arrived at by different means. Investors typically determine if OPAL Fuels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OPAL Fuels' 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.
OPAL Fuels 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OPAL Fuels' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OPAL Fuels.
| 06/15/2024 |
| 12/12/2024 |
If you would invest 0.00 in OPAL Fuels on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding OPAL Fuels or generate 0.0% return on investment in OPAL Fuels over 180 days. OPAL Fuels is related to or competes with Northwest Natural, Chesapeake Utilities, One Gas, NewJersey Resources, Spire, NiSource, and RGC Resources. OPAL Fuels Inc. engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy ... More
OPAL Fuels Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OPAL Fuels' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OPAL Fuels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 5.45 |
OPAL Fuels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPAL Fuels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPAL Fuels' standard deviation. In reality, there are many statistical measures that can use OPAL Fuels historical prices to predict the future OPAL Fuels' volatility.| Risk Adjusted Performance | 0.0517 | |||
| Jensen Alpha | 0.0831 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0148 | |||
| Treynor Ratio | 0.2723 |
OPAL Fuels Backtested Returns
As of now, OPAL Stock is slightly risky. OPAL Fuels retains Efficiency (Sharpe Ratio) of 0.0376, which implies the firm had a 0.0376% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OPAL Fuels, which you can use to evaluate the volatility of the company. Please check OPAL Fuels' semi deviation of 1.75, and Market Risk Adjusted Performance of 0.2823 to confirm if the risk estimate we provide is consistent with the expected return of 0.0928%. OPAL Fuels has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OPAL Fuels' returns are expected to increase less than the market. However, during the bear market, the loss of holding OPAL Fuels is expected to be smaller as well. OPAL Fuels now owns a risk of 2.47%. Please check OPAL Fuels potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if OPAL Fuels will be following its current price history.
Auto-correlation | -0.19 |
Insignificant reverse predictability
OPAL Fuels has insignificant reverse predictability. Overlapping area represents the amount of predictability between OPAL Fuels time series from 15th of June 2024 to 13th of September 2024 and 13th of September 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OPAL Fuels price movement. The serial correlation of -0.19 indicates that over 19.0% of current OPAL Fuels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
OPAL Fuels lagged returns against current returns
Autocorrelation, which is OPAL Fuels stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OPAL Fuels' stock expected returns. We can calculate the autocorrelation of OPAL Fuels returns to help us make a trade decision. For example, suppose you find that OPAL Fuels has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OPAL Fuels regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OPAL Fuels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPAL Fuels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPAL Fuels stock over time.
Current vs Lagged Prices |
| Timeline |
OPAL Fuels Lagged Returns
When evaluating OPAL Fuels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPAL Fuels stock have on its future price. OPAL Fuels autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OPAL Fuels autocorrelation shows the relationship between OPAL Fuels stock current value and its past values and can show if there is a momentum factor associated with investing in OPAL Fuels.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out OPAL Fuels Correlation, OPAL Fuels Volatility and OPAL Fuels Alpha and Beta module to complement your research on OPAL Fuels. For more information on how to buy OPAL Stock please use our How to buy in OPAL Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
OPAL Fuels 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.