Optical Competitors
| OCC Stock | USD 6.14 0.18 2.85% |
Optical Cable vs Mobilicom Limited Correlation
Very good diversification
The correlation between Optical Cable and MOB is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optical Cable and MOB in the same portfolio, assuming nothing else is changed.
Moving against Optical Stock
| 0.67 | ET | Evertz Technologies | PairCorr |
| 0.66 | SECVY | Seche Environnement | PairCorr |
| 0.64 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.64 | RILYL | B Riley Financial | PairCorr |
| 0.62 | ENA | Enablence Technologies | PairCorr |
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Optical Cable 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 Optical 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 Optical Cable does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Optical Stock performing well and Optical Cable 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 Optical Cable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMPG | 4.43 | (0.08) | (0.01) | 0.03 | 5.09 | 11.28 | 31.09 | |||
| CMBM | 5.34 | (0.87) | 0.00 | (0.50) | 0.00 | 10.19 | 49.22 | |||
| FKWL | 1.55 | (0.33) | 0.00 | (0.75) | 0.00 | 3.56 | 9.54 | |||
| REFR | 2.75 | (0.75) | 0.00 | (4.78) | 0.00 | 4.52 | 21.50 | |||
| WYY | 2.85 | (0.38) | 0.00 | (0.29) | 0.00 | 6.36 | 17.41 | |||
| MSAI | 6.50 | (1.90) | 0.00 | (0.41) | 0.00 | 12.16 | 43.80 | |||
| WBX | 2.97 | (0.54) | 0.00 | 0.48 | 0.00 | 6.60 | 24.67 | |||
| YIBO | 3.80 | (0.44) | 0.00 | (1.15) | 0.00 | 6.10 | 54.49 | |||
| ZENV | 2.53 | (0.68) | 0.00 | (1.68) | 0.00 | 4.69 | 15.64 | |||
| MOB | 6.40 | (0.11) | 0.01 | 0.05 | 7.62 | 11.31 | 34.44 |
Cross Equities Net Income Analysis
Compare Optical Cable and related stocks such as Amplitech Group, Cambium Networks Corp, and Franklin Wireless Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMPG | (3.1 K) | (5.6 K) | (193 K) | (144 K) | (770 K) | 50 K | 456.3 K | (97 K) | 329 K | 5.9 K | (1 M) | (4.8 M) | (677.1 K) | (2.5 M) | (11.2 M) | (10.1 M) | (9.6 M) |
| CMBM | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 9.8 M | (1.5 M) | (17.6 M) | 18.6 M | 37.4 M | 20.2 M | (77.4 M) | (77.4 M) | (69.7 M) | (66.2 M) |
| FKWL | (4.5 M) | (129 K) | 174.7 K | (972 K) | 760 K | 1.6 M | 874 K | (2.1 M) | (1.5 M) | 5.6 M | 17.7 M | (3.8 M) | (2.9 M) | (4 M) | (243.1 K) | (279.6 K) | (293.5 K) |
| REFR | (800 K) | (4.1 M) | (3.1 M) | (5.8 M) | (4.4 M) | (4.3 M) | (4.2 M) | (2.4 M) | (2.7 M) | (3.8 M) | (2.3 M) | (1.8 M) | (2.7 M) | (1.9 M) | (1.3 M) | (1.2 M) | (1.2 M) |
| WYY | (14.2 M) | 246.9 K | 832.3 K | (1.7 M) | (8.4 M) | (5.5 M) | (4.1 M) | (3.5 M) | (1.5 M) | 226.3 K | 10.3 M | 341.1 K | (23.6 M) | (4 M) | (1.9 M) | (2.2 M) | (2.3 M) |
| MSAI | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | 2.3 M | (13.3 M) | (22.3 M) | (21.5 M) | (19.3 M) | (20.3 M) |
| WBX | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (11.4 M) | (224.6 M) | (62.5 M) | (112.4 M) | (149 M) | (134.1 M) | (140.8 M) |
| YIBO | 4.8 M | 4.8 M | 4.8 M | 4.8 M | 4.8 M | 4.8 M | 4.8 M | 4.8 M | 7.6 M | 9.3 M | 4.2 M | 4.9 M | 7.2 M | 7.8 M | 7.1 M | 8.2 M | 7.3 M |
| ZENV | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 13.8 M | (21.4 M) | (44.6 M) | (243 M) | (61 M) | (154.7 M) | (139.2 M) | (132.2 M) |
| MOB | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (6.1 M) | (2.4 M) | (2.5 M) | (1.9 M) | (2 M) | (341.5 K) | (4.6 M) | (8 M) | (7.2 M) | (6.8 M) |
Optical Cable and related stocks such as Amplitech Group, Cambium Networks Corp, and Franklin Wireless Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Optical Cable financial statement analysis. It represents the amount of money remaining after all of Optical Cable operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Optical Cable Competitive Analysis
The better you understand Optical Cable competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Optical Cable'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 Optical Cable'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 |
Optical Cable Competition Performance Charts
Five steps to successful analysis of Optical Cable Competition
Optical Cable'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 Optical Cable in relation to its competition. Optical Cable's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Optical Cable 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 Optical Cable's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Optical Cable, 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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Check out Optical Cable Correlation with its peers. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Will Communications Equipment sector continue expanding? Could Optical diversify its offerings? Factors like these will boost the valuation of Optical Cable. Anticipated expansion of Optical directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Optical Cable data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.14) | Revenue Per Share | Quarterly Revenue Growth 0.228 | Return On Assets | Return On Equity |
Understanding Optical Cable requires distinguishing between market price and book value, where the latter reflects Optical's accounting equity. The concept of intrinsic value - what Optical Cable's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Optical Cable's price substantially above or below its fundamental value.
It's important to distinguish between Optical Cable's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Optical Cable should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Optical Cable's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.