Okeanis Competitors

Stocks . Norway . 
Stock . Okeanis Eco Tankers
OET Stock  NOK 259.00  3.00  1.15%   
Okeanis Eco Tankers competes with Shelf Drilling, Solstad Offsho, Eidesvik Offshore, Elkem ASA, and Vow ASA; as well as few others. The company operates under Industrials sector and is part of Marine Shipping industry. Analyzing Okeanis Eco competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Okeanis Eco to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Okeanis Eco Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Okeanis Eco competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
256.59259.00261.41
Details
Intrinsic
Valuation
LowRealHigh
228.14230.55284.90
Details
Naive
Forecast
LowNextHigh
278.23280.64283.05
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
226.34305.51384.68
Details

Okeanis Eco Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Okeanis Eco 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 Okeanis 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 Okeanis Eco Tankers does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
XXL
+ 0.88
AZT
EIOF
+ 0.83
SOFF
VOW
+ 0.81
SOFF
AZT
+ 0.8
EIOF
VOW
+ 0.78
EIOF
XXL
+ 0.71
EIOF
  
High negative correlations   
XXL
- 0.75
NORTH
EQVA
- 0.64
NORTH
NORTH
- 0.59
SHLF
AZT
- 0.52
NORTH
NORTH
- 0.47
EIOF
EQVA
- 0.29
ELK

Risk-Adjusted Indicators

There is a big difference between Okeanis Stock performing well and Okeanis Eco 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 Okeanis Eco'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SHLF  2.19 (0.47) 0.00  2.66  0.00 
 0.00 
 4.16 
(5.13)
 13.03 
SOFF  1.66 (0.23) 0.00 (2.56) 0.00 
 0.00 
 3.39 
(2.77)
 9.80 
EIOF  1.62 (0.43) 0.00 (1.05) 0.00 
 0.00 
 2.61 
(3.40)
 12.70 
ELK  1.66 (0.20) 0.00 (0.49) 0.00 
 0.00 
 3.38 
(3.71)
 12.04 
VOW  5.48 (1.39) 0.00 (1.35) 0.00 
 0.00 
 7.78 
(15.59)
 66.61 
NORTH  1.17  0.07  0.00  0.36  1.47 
(1.40)
 2.77 
(2.62)
 7.51 
AZT  2.02 (0.63) 0.00  0.80  0.00 
 0.00 
 4.29 
(4.71)
 25.36 
EQVA  2.92  0.06  0.00  0.07  0.00 
 0.00 
 6.03 
(4.71)
 26.86 
XXL  4.21 (1.88) 0.00  0.69  0.00 
 0.00 
 5.00 
(6.04)
 72.03 
EQNR  1.36  0.05 (0.04)(0.11) 1.77 
(1.44)
 2.88 
(3.22)
 8.36 
All Fundamental Data

Okeanis Eco Competitive Analysis

The better you understand Okeanis Eco competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Okeanis Eco'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 Okeanis Eco'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
OET SHLF SOFF EIOF ELK VOW NORTH AZT EQVA XXL
 1.15 
 259.00 
Okeanis
 20.13 
 10.20 
Shelf
 21.21 
 40.00 
Solstad
 0.30 
 13.54 
Eidesvik
 1.00 
 18.22 
Elkem
 2.33 
 2.10 
Vow
 1.82 
 2.80 
North
 1.53 
 13.30 
Arcticzymes
 3.39 
 4.88 
Eqva
 0.78 
 10.20 
XXL
Market Volatility
(90 Days Market Risk)
Very steady
Somewhat reliable
Very steady
Not too volatile
Not too volatile
Extremely Dangerous
Slightly risky
Somewhat reliable
Relatively risky
Relatively risky
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Weak
Very Weak
Very Weak
Very Weak
Insignificant
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Below Average
Average
About Average
Below Average
Low
Low
Low
Low
Low
Below Average
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Sell
Cautious Hold
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Current Ratio
1.17
N/A
0.1
3.21
2.14
3.55
49.95
14.94
N/A
1.15
Net Asset
954.59 M
1.62 B
24.94 B
2.75 B
52.78 B
1.11 B
338.99 M
284.11 M
491.88 M
9.02 B
Profit Margin
0.21
-0.0733
-0.33
0.35
0.21
0.52
N/A
0.24
N/A
-0.0643
EBITDA
64.85 M
118.78 M
1.24 B
58.65 M
13.48 B
357.9 M
(45.12 M)
62.89 M
(89.73 M)
1.2 B
Operating Margin
0.28
0.16
0.0789
0.051
0.26
0.0716
-143.76
0.27
0.3
-0.0553
Current Valuation
12.48 B
16.2 B
23.44 B
1.52 B
25.67 B
2.36 B
97.1 M
3.42 B
251.73 M
4.56 B
Price To Book
1.48
1.46
2.25
0.85
0.77
3.87
0.77
13.01
0.53
0.34
Current Asset
N/A
N/A
1.77 B
874 M
N/A
N/A
730 M
N/A
N/A
2.26 B
Retained Earnings
N/A
N/A
N/A
1.67 B
N/A
N/A
(698 M)
N/A
N/A
526 M
Five Year Return
N/A
N/A
N/A
2.13
N/A
N/A
N/A
N/A
N/A
N/A
Beta
0.13
2.27
2.99
0.99
1.59
1.37
0.98
1.13
N/A
1.99
Number Of Employees
13
2.11 K
3.6 K
471
7.3 K
232
2
60
157
11
Shares Outstanding
32.19 M
194.01 M
77.31 M
62.15 M
635.52 M
113.84 M
117.25 M
50.57 M
71.71 M
281.47 M
Cash Flow From Operations
28.59 M
(16.24 M)
1.38 B
177.12 M
9.31 B
18 M
(15.6 M)
74.97 M
340.42 M
905 M
Annual Yield
0.0453
N/A
N/A
N/A
0.16
N/A
0.16
N/A
N/A
0.16
Total Debt
534.78 M
1.19 B
17.81 B
1.1 B
10.33 B
251.4 M
2.54 M
14.47 M
4.57 M
1.93 B
Return On Equity
0.11
-0.19
-0.9
0.52
0.4
0.64
-0.038
0.13
-0.17
-0.12
Z Score
7.2
3.0
N/A
N/A
1.2
5.4
59.0
88.2
31.0
1.0
Return On Asset
0.0297
0.0342
0.0113
0.0072
0.15
0.0255
-0.0351
0.0756
-0.0454
-0.0322
Book Value Per Share
11.92
1.35
12.46
9.66
45.14
4.56
2.84
5.64
7.22
12.11
Current Liabilities
N/A
N/A
2.69 B
471 M
N/A
N/A
584 M
N/A
N/A
1.2 B
Total Asset
954.59 M
1.62 B
24.94 B
2.75 B
52.78 B
1.11 B
338.99 M
284.11 M
491.88 M
9.02 B
Debt To Equity
1.62
N/A
872.2
185.7
85.6
0.59
1.4
0.08
N/A
139.4
Target Price
245.62
38.7
33.0
12.0
44.4
22.0
1.1
N/A
N/A
5.29
Last Dividend Paid
N/A
N/A
N/A
N/A
6.0
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
13.02
32.31
8.71
N/A
27.78
7.89
0.01
20.32
1.5
53.62
Market Capitalization
6.54 B
6.32 B
3.85 B
745.8 M
24.28 B
2.35 B
263.82 M
2.13 B
229.47 M
985.71 M
Price To Earning
15.7
N/A
-0.29
1.24
6.16
88.42
34.04
45.11
N/A
21.17
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.04
Price To Sales
29.18
5.91
0.37
0.83
0.49
3.07
1838.92
25.59
N/A
0.13
Net Income
(902.9 K)
(78.64 M)
(1.1 B)
(15.75 M)
12.41 B
322.3 M
(27.83 M)
46.38 M
379.66 M
246 M
Earnings Per Share
13.0
-4.83
-13.61
3.46
16.77
2.95
0.29
0.9
1.14
0.32
Shares Owned By Insiders
67.94
13.8
47.05
81.18
55.4
62.5
61.06
34.44
78.91
14.6
Revenue
169 M
526.57 M
5.13 B
569.48 M
45.02 B
454.1 M
178 K
127.97 M
902.89 M
10.01 B
Working Capital
N/A
N/A
(922 M)
403 M
N/A
N/A
146 M
N/A
N/A
1.05 B
Cash And Equivalents
38.18 M
232.31 M
2.46 B
330.4 M
9.26 B
303 M
39.99 M
200.42 M
221.73 M
163 M
Cash Per Share
0.78
N/A
2.74
7.13
9.23
2.65
2.15
3.52
N/A
0.87
Gross Profit
83.3 M
163.64 M
2.81 B
296.44 M
23.64 B
171.6 M
178 K
132.48 M
273.23 M
2.72 B
Day Typical Price
258.0
10.93
37.75
13.55
18.08
2.11
2.77
13.26
4.82
10.17
Accumulation Distribution
971.96
2 M
581281.0
425.67
21517.16
29867.03
0.0357
930.69
318.69
608.77
Market Facilitation Index
1.0E-4
N/A
0.0
0.0
0.0
N/A
0.1
0.0
0.0
0.0
Daily Balance Of Power
(0.60)
(1.17)
0.9333
0.1538
0.4
(0.31)
0.5
0.4167
0.8889
(0.27)
Period Momentum Indicator
(3.00)
(2.57)
7.0
0.04
0.18
(0.05)
0.05
0.2
0.16
(0.08)
Rate Of Daily Change
0.99
0.8
1.21
1.0
1.01
0.98
1.02
1.02
1.03
0.99
Day Median Price
257.5
11.3
36.63
13.55
18.01
2.11
2.75
13.24
4.79
10.15
Price Action Indicator
N/A
(2.39)
6.87
0.01
0.3
(0.04)
0.075
0.16
0.17
0.01
Relative Strength Index
1.45
3.71
5.48
1.64
47.27
52.22
56.66
78.99
19.35
44.45
Coefficient Of Variation
(982.45)
(587.96)
(954.71)
(600.17)
(1,429)
(698.10)
1473.2
(472.80)
(3,927)
(430.17)
Mean Deviation
1.84
2.19
1.66
1.62
1.66
5.48
1.17
2.02
2.92
4.21
Jensen Alpha
(0.28)
(0.47)
(0.23)
(0.43)
(0.20)
(1.39)
0.0702
(0.63)
0.0571
(1.88)
Total Risk Alpha
(0.57)
(0.86)
(0.49)
(0.69)
(0.45)
(2.46)
(0.11)
(1.16)
(0.63)
(3.41)
Sortino Ratio
N/A
N/A
N/A
N/A
N/A
N/A
(0)
N/A
N/A
N/A
Downside Variance
N/A
N/A
N/A
N/A
N/A
N/A
3.45
N/A
N/A
N/A
Standard Deviation
2.42
2.83
2.06
2.27
2.21
8.97
1.58
3.35
3.99
9.38
Kurtosis
0.6184
(0.09)
0.1364
2.57
1.04
6.92
0.7903
13.41
2.87
33.43
Potential Upside
3.9
4.16
3.39
2.61
3.38
7.78
2.77
4.29
6.03
5.0
Treynor Ratio
(0.90)
2.66
(2.56)
(1.05)
(0.49)
(1.35)
0.357
0.7989
0.0658
0.6943
Maximum Drawdown
12.71
13.03
9.8
12.7
12.04
66.61
7.51
25.36
26.86
72.03
Variance
5.84
8.0
4.23
5.17
4.88
80.39
2.5
11.25
15.92
87.95
Market Risk Adjusted Performance
(0.89)
2.67
(2.55)
(1.04)
(0.48)
(1.34)
0.367
0.8089
0.0758
0.7043
Risk Adjusted Performance
(0.07)
(0.12)
(0.07)
(0.12)
(0.05)
(0.10)
0.0569
(0.15)
(0.01)
(0.17)
Skewness
(0.13)
0.1357
(0.15)
0.3372
(0.03)
0.1229
(0.33)
(2.38)
(0.38)
(5.32)
Semi Deviation
N/A
N/A
N/A
N/A
N/A
N/A
1.47
N/A
N/A
N/A
Information Ratio
(0.15)
(0.21)
(0.16)
(0.21)
(0.12)
(0.16)
(0)
(0.24)
(0.05)
(0.24)
Value At Risk
(4.66)
(5.13)
(2.77)
(3.40)
(3.71)
(15.59)
(2.62)
(4.71)
(4.71)
(6.04)
Expected Short fall
N/A
N/A
N/A
N/A
N/A
N/A
(1.40)
N/A
N/A
N/A
Downside Deviation
N/A
N/A
N/A
N/A
N/A
N/A
1.86
N/A
N/A
N/A
Semi Variance
N/A
N/A
N/A
N/A
N/A
N/A
2.16
N/A
N/A
N/A

Okeanis Eco Competition Performance Charts

Five steps to successful analysis of Okeanis Eco Competition

Okeanis Eco'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 Okeanis Eco Tankers in relation to its competition. Okeanis Eco's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Okeanis Eco 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 Okeanis Eco's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Okeanis Eco Tankers, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Okeanis Eco position

In addition to having Okeanis Eco in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Additional Information and Resources on Investing in Okeanis Stock

When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:
How To Invest In Okeanis
Details
Is Okeanis Stock a good investment?
Details
What is Okeanis Eco's Net Worth?
Details
Largest Marine Transportation Companies
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Largest Marine Shipping Companies
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Check out Okeanis Eco Correlation with its peers.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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Z Score
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Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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