Oceaneering Competitors
| OII Stock | USD 34.29 1.52 4.64% |
Oceaneering International vs Obsidian Energy Correlation
Almost no diversification
The correlation between Oceaneering International and OBE is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oceaneering International and OBE in the same portfolio, assuming nothing else is changed.
Moving together with Oceaneering Stock
| 0.9 | AT | Ashtead Technology | PairCorr |
| 0.85 | E1V | Eidesvik Offshore ASA | PairCorr |
| 0.81 | CLB | Core Laboratories | PairCorr |
| 0.87 | DTI | Drilling Tools Inter | PairCorr |
Moving against Oceaneering Stock
The Oceaneering International's current Return On Equity is estimated to increase to 0.25, while Return On Tangible Assets are projected to decrease to 0.03. As of now, Oceaneering International's Intangibles To Total Assets are decreasing as compared to previous years. The Oceaneering International's current Debt To Assets is estimated to increase to 0.34, while Total Assets are projected to decrease to under 1.5 B.Oceaneering International Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Oceaneering International 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 Oceaneering 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 Oceaneering International does not affect the price movement of the other competitor.
| 0.58 | 0.74 | 0.78 | 0.14 | 0.56 | 0.88 | WTI | ||
| 0.58 | 0.67 | 0.26 | 0.21 | 0.44 | 0.81 | OIS | ||
| 0.74 | 0.67 | 0.56 | -0.07 | 0.46 | 0.83 | GFR | ||
| 0.78 | 0.26 | 0.56 | -0.14 | 0.2 | 0.67 | GPRK | ||
| 0.14 | 0.21 | -0.07 | -0.14 | -0.01 | 0.09 | JKS | ||
| 0.56 | 0.44 | 0.46 | 0.2 | -0.01 | 0.57 | NC | ||
| 0.88 | 0.81 | 0.83 | 0.67 | 0.09 | 0.57 | OBE | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Oceaneering Stock performing well and Oceaneering International 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 Oceaneering International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTI | 3.00 | 0.49 | 0.15 | 1.01 | 2.59 | 7.14 | 15.72 | |||
| OIS | 1.95 | 0.54 | 0.28 | 0.45 | 1.52 | 5.17 | 9.88 | |||
| GFR | 2.90 | 0.57 | 0.12 | (0.67) | 3.25 | 5.87 | 14.81 | |||
| GPRK | 1.80 | 0.06 | 0.00 | 0.27 | 2.28 | 3.99 | 12.43 | |||
| JKS | 2.93 | 0.00 | (0.01) | 0.09 | 3.94 | 8.25 | 25.53 | |||
| NC | 2.04 | 0.22 | 0.11 | 0.26 | 1.96 | 6.28 | 12.30 | |||
| OBE | 2.42 | 0.54 | 0.17 | 2.13 | 2.53 | 5.16 | 12.32 |
Cross Equities Net Income Analysis
Compare Oceaneering International and related stocks such as WT Offshore, Oil States International, and Greenfire Resources Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WTI | 48.2 M | 172.8 M | 72 M | 51.3 M | (11.7 M) | (1 B) | (249 M) | 79.7 M | 248.8 M | 74.1 M | 37.8 M | (41.5 M) | 231.1 M | 15.6 M | (87.1 M) | (78.4 M) | (74.5 M) |
| OIS | 902 K | 322.5 M | 448.6 M | 421.3 M | 179 M | 28.6 M | (46.4 M) | (84.8 M) | (19.1 M) | (231.8 M) | (468.4 M) | (64 M) | (9.5 M) | 12.9 M | (11.3 M) | (10.1 M) | (9.6 M) |
| GFR | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (711.6 K) | 131.7 M | (135.7 M) | 121.4 M | 139.6 M | 146.6 M |
| GPRK | (3.2 M) | 54.4 K | 11.9 M | 22 M | 7.5 M | (234 M) | (49.1 M) | (24.2 M) | 72.4 M | 57.8 M | (232.9 M) | 61.1 M | 224.4 M | 111.1 M | 96.4 M | 110.8 M | 116.4 M |
| JKS | 76 M | 273.3 M | (1.5 B) | 188 M | 673 M | 683.8 M | 1.8 B | 141.7 M | 406.5 M | 898.7 M | 230.4 M | 721 M | 620.5 M | 3.4 B | 54.5 M | 62.7 M | 59.6 M |
| NC | 31.4 M | 162.1 M | 108.7 M | 44.5 M | (38.1 M) | 22 M | 29.6 M | 30.3 M | 34.8 M | 39.6 M | 14.8 M | 48.1 M | 74.2 M | (39.6 M) | 33.7 M | 30.4 M | 24.9 M |
| OBE | 245.1 M | 638 M | 174 M | (838 M) | (1.7 B) | (2.6 B) | (696 M) | (84 M) | (305 M) | (788 M) | (771.7 M) | 414 M | 810.1 M | 108 M | (202.6 M) | (182.3 M) | (173.2 M) |
Oceaneering International and related stocks such as WT Offshore, Oil States International, and Greenfire Resources Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Oceaneering International financial statement analysis. It represents the amount of money remaining after all of Oceaneering International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Oceaneering International Competitive Analysis
The better you understand Oceaneering International competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Oceaneering International'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 Oceaneering International'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 |
Oceaneering International Competition Performance Charts
Five steps to successful analysis of Oceaneering International Competition
Oceaneering International'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 Oceaneering International in relation to its competition. Oceaneering International's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Oceaneering International 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 Oceaneering International's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Oceaneering International, 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.
Complement your Oceaneering International position
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Run Financials Thematic Idea Now
Financials
Companies that provide financial services to business or retail customers. The Financials theme has 20 constituents at this time.
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Check out Oceaneering International Correlation with its peers. For more detail on how to invest in Oceaneering Stock please use our How to Invest in Oceaneering International guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is there potential for Oil & Gas Equipment & Services market expansion? Will Oceaneering introduce new products? Factors like these will boost the valuation of Oceaneering International. Anticipated expansion of Oceaneering directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about Oceaneering International 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 0.775 | Earnings Share 2.29 | Revenue Per Share | Quarterly Revenue Growth 0.093 | Return On Assets |
Oceaneering International's market price often diverges from its book value, the accounting figure shown on Oceaneering's balance sheet. Smart investors calculate Oceaneering International's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Oceaneering International's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Oceaneering International's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Oceaneering International should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Oceaneering International'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.