Opthea Stock Market Value
| OPT Stock | USD 3.33 0.06 1.83% |
| Symbol | Opthea |
Opthea Price To Book Ratio
Is Biotechnology 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 Opthea. If investors know Opthea 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 Opthea listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.76) | Quarterly Revenue Growth (0.68) | Return On Assets (0.83) | Return On Equity (33.83) |
The market value of Opthea is measured differently than its book value, which is the value of Opthea that is recorded on the company's balance sheet. Investors also form their own opinion of Opthea's value that differs from its market value or its book value, called intrinsic value, which is Opthea'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 Opthea's market value can be influenced by many factors that don't directly affect Opthea'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 Opthea's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opthea is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opthea'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.
Opthea '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 Opthea's 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 Opthea.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Opthea on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Opthea or generate 0.0% return on investment in Opthea over 60 days. Opthea is related to or competes with Molecular Partners, MediciNova, Anebulo Pharmaceuticals, Champions Oncology, Aerovate Therapeutics, Adagene, and Acrivon Therapeutics,. Opthea Limited, a clinical stage biopharmaceutical company, develops and commercializes therapies primarily for eye dise... More
Opthea 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 Opthea's 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 Opthea upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.0359 | |||
| Maximum Drawdown | 24.2 | |||
| Value At Risk | (7.49) | |||
| Potential Upside | 8.65 |
Opthea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opthea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opthea's standard deviation. In reality, there are many statistical measures that can use Opthea historical prices to predict the future Opthea's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.1282 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | 0.2188 |
Opthea Backtested Returns
Opthea appears to be moderately volatile, given 3 months investment horizon. Opthea maintains Sharpe Ratio (i.e., Efficiency) of 0.0704, which implies the firm had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Opthea, which you can use to evaluate the volatility of the company. Please evaluate Opthea's Coefficient Of Variation of 1544.52, risk adjusted performance of 0.0578, and Semi Deviation of 3.91 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Opthea holds a performance score of 5. The company holds a Beta of 1.24, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Opthea will likely underperform. Please check Opthea's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Opthea's historical price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Opthea has insignificant reverse predictability. Overlapping area represents the amount of predictability between Opthea time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Opthea price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Opthea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Opthea lagged returns against current returns
Autocorrelation, which is Opthea 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 Opthea's stock expected returns. We can calculate the autocorrelation of Opthea returns to help us make a trade decision. For example, suppose you find that Opthea 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 |
Opthea 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 Opthea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opthea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opthea stock over time.
Current vs Lagged Prices |
| Timeline |
Opthea Lagged Returns
When evaluating Opthea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opthea stock have on its future price. Opthea 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, Opthea autocorrelation shows the relationship between Opthea stock current value and its past values and can show if there is a momentum factor associated with investing in Opthea.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Opthea Stock Analysis
When running Opthea's price analysis, check to measure Opthea'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 Opthea is operating at the current time. Most of Opthea's value examination focuses on studying past and present price action to predict the probability of Opthea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opthea's price. Additionally, you may evaluate how the addition of Opthea to your portfolios can decrease your overall portfolio volatility.