Ocean Competitors

Stocks . Germany . 
Stock . Ocean Power Technologies
RUOC Stock  EUR 0.31  0.01  3.13%   
Ocean Power Technologies competes with China Construction, PT Bank, NVIDIA CORP, APPLE INC, and AMAZON INCCDR; as well as few others. The company operates under Electrical Equipment sector and is part of Industrials industry. Analyzing Ocean Power 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 Ocean Power to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ocean Power Correlation with its peers.

Ocean Power vs AMAZON INCCDR Correlation

Modest diversification

The correlation between Ocean Power Technologies and AMZ1 is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ocean Power Technologies and AMZ1 in the same portfolio, assuming nothing else is changed.
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocean Power'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.
Hype
Prediction
LowEstimatedHigh
0.020.3111.70
Details
Intrinsic
Valuation
LowRealHigh
0.010.2911.68
Details
Naive
Forecast
LowNextHigh
0.010.3211.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.080.330.57
Details

Ocean Power Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ocean Power 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 Ocean 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 Ocean Power Technologies does not affect the price movement of the other competitor.

High positive correlations

AMZ1
+ 0.37
NVDG
AMZ1
+ 0.29
PJM
BYRA
+ 0.23
EJ7
NVDG
+ 0.21
C6T
NVDG
+ 0.19
PJM
BYRA
+ 0.07
PJM
  

High negative correlations

APC8
- 0.36
PJM
APC8
- 0.35
EJ7
C6T
- 0.26
PJM
APC8
- 0.19
BYRA
APC8
- 0.18
NVDG
BYRA
- 0.1
C6T

Risk-Adjusted Indicators

There is a big difference between Ocean Stock performing well and Ocean Power 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 Ocean Power'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.

Ocean Power Competitive Analysis

The better you understand Ocean Power competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ocean Power'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 Ocean Power'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
RUOC EJ7 PJM C6T BYRA NVDG APC8 IBNN AMZ1
 3.13 
 0.31 
Ocean
 0.00 
 0 
Energy
 3.70 
 0.01 
PJM
 1.18 
 0.86 
China
 5.00 
 0.19 
BYRA
 0.78 
 25.80 
NVIDIA
 3.64 
 22.80 
APPLE
 0.00 
 0.0005 
VELA
 2.16 
 14.20 
AMAZON
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Out of control
Abnormally volatile
Out of control
Not too volatile
Very steady
Very steady
Somewhat reliable
Market Performance
(90 Days Performance)
Soft
Fair
Mild
Weakest
Soft
Soft
Weakest
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Risky
Strong
Tiny
Low
Low
Low
Low
Risky
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over 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
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
24.53
2.53
0.4
N/A
N/A
N/A
N/A
N/A
N/A
Net Asset
30.79 M
1.35 B
4.16 B
40.57 T
1992.98 T
N/A
N/A
N/A
N/A
Profit Margin
N/A
-2.63
-0.0177
0.56
0.41
0.53
0.27
N/A
0.11
EBITDA
(29.65 M)
(12.82 M)
137.04 M
N/A
N/A
112.7 B
152.9 B
N/A
145.73 B
Operating Margin
-23.87
0.76
0.0807
0.67
N/A
0.63
0.35
N/A
0.11
Current Valuation
72.48 M
313.81 M
5.61 B
(1.41 B)
94.14 T
3.81 T
3.18 T
4.72 M
1.82 T
Price To Book
3.34
5.5
3.81
0.52
1.71
35.89
40.9
14.71
4.98
Retained Earnings
(329.09 M)
(3.8 B)
(2.28 B)
1.78 T
215.07 T
N/A
N/A
N/A
N/A
Five Year Return
N/A
N/A
N/A
5.54
2.92
N/A
N/A
N/A
N/A
Beta
2.53
1.13
-0.001
0.3
0.26
2.31
1.11
1.23
1.39
Number Of Employees
53
N/A
1.46 K
376.85 K
81.17 K
36 K
150 K
2
1.58 M
Shares Outstanding
194.96 M
405.4 B
371.34 B
240.42 B
151.56 B
140.44 B
136.91 B
130.05 B
123.24 B
Cash Flow From Operations
(18.63 M)
5.79 M
(74.42 M)
338.02 B
24.28 T
N/A
N/A
N/A
N/A
Annual Yield
N/A
N/A
N/A
0.0548
0.095
2.0E-4
0.0042
N/A
N/A
Total Debt
4.14 M
2.46 B
173.7 M
37.23 T
1669.79 T
N/A
N/A
N/A
N/A
Return On Equity
-1.41
-0.15
0.0048
0.0965
0.17
1.07
1.52
-0.58
0.22
Return On Asset
-0.58
-0.0797
0.0176
0.0078
0.0277
0.54
0.24
-0.0946
0.0693
Book Value Per Share
0.1
-0.0018
0.0034
1.61
2199.31
4.13
5.06
N/A
32.5
Total Asset
30.79 M
1.35 B
4.16 B
40.57 T
1992.98 T
N/A
N/A
N/A
N/A
Debt To Equity
0.028
N/A
255.0
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
0.39
N/A
0.04
1.03
N/A
N/A
Shares Owned By Institutions
9.92
0.42
11.08
17.97
21.21
N/A
N/A
10.98
N/A
Market Capitalization
67.86 M
846.81 M
5.67 B
231.07 B
29.96 B
4.01 T
3.29 T
65.03 M
1.82 T
Price To Earning
N/A
N/A
3.5
4.48
16.39
N/A
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
3.98
1.93
0.95
2.22
N/A
1.74
Price To Sales
18.11
16.53
3.86
0.38
3.14
20.77
7.56
N/A
2.54
Net Income
(21.51 M)
(245.97 M)
71.02 M
335.58 B
60.15 T
N/A
N/A
N/A
N/A
Earnings Per Share
-0.15
N/A
N/A
0.16
0.02
0.59
0.71
N/A
0.53
Shares Owned By Insiders
7.26
98.61
63.35
59.9
55.83
N/A
N/A
30.4
N/A
Revenue
5.86 M
36.35 M
1.36 B
749.57 B
174.33 T
187.14 B
435.62 B
N/A
716.92 B
Working Capital
10.33 M
515.3 M
4.17 M
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
79.93 M
292.3 M
43.25 M
942.55 B
6.77 B
N/A
N/A
N/A
N/A
Cash Per Share
1.57
0.56
N/A
3.77
0.05
N/A
N/A
N/A
N/A
Gross Profit
(985 K)
50.83 M
230.5 M
603.62 B
134.1 T
131.09 B
206.16 B
N/A
360.51 B
Day Typical Price
0.32
0.0015
0.013
0.86
0.19
25.8
22.8
5.0E-4
14.2
Accumulation Distribution
0.0882
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
0.03
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
(0.33)
0.0
0
9.2 T
0
9.2 T
9.2 T
0.0
9.2 T
Period Momentum Indicator
(0.01)
N/A
(0.0005)
0.01
(0.01)
0.2
0.8
N/A
0.3
Rate Of Daily Change
0.97
1.0
0.96
1.01
0.95
1.01
1.04
1.0
1.02
Day Median Price
0.33
0.0015
0.013
0.86
0.19
25.8
22.8
5.0E-4
14.2
Price Action Indicator
(0.02)
N/A
(0.0003)
0.005
(0.01)
0.1
0.4
N/A
0.15
Relative Strength Index
60.98
58.75
32.02
56.2
44.57
48.97
48.95
N/A
50.18
Coefficient Of Variation
2744.38
838.74
1030.66
(23,321)
2408.02
(5,069)
(3,686)
N/A
(1,492)
Mean Deviation
6.87
8.7
7.39
1.86
3.7
2.02
1.23
N/A
2.72
Jensen Alpha
0.3355
1.88
1.06
(0.03)
0.3008
(0.08)
(0.05)
N/A
(0.27)
Total Risk Alpha
(0.38)
0.8886
0.258
(0.32)
(0.16)
(0.26)
(0.18)
N/A
(0.54)
Sortino Ratio
0.0353
N/A
0.083
N/A
0.0229
N/A
N/A
N/A
N/A
Downside Variance
90.52
N/A
116.32
N/A
50.46
N/A
N/A
N/A
N/A
Standard Deviation
10.96
18.22
9.88
4.14
5.45
2.74
1.78
N/A
3.86
Kurtosis
7.93
4.97
0.7002
21.37
0.7077
1.03
1.47
N/A
2.44
Potential Upside
14.29
50.0
20.0
2.44
11.11
4.18
3.64
N/A
6.37
Treynor Ratio
0.3875
0.4166
(0.44)
(0.81)
(0.14)
(0.29)
0.2958
N/A
(2.47)
Maximum Drawdown
73.91
106.67
50.58
26.06
26.67
12.01
9.65
N/A
23.77
Variance
120.09
331.79
97.59
17.17
29.65
7.49
3.17
N/A
14.91
Market Risk Adjusted Performance
0.3975
0.4266
(0.43)
(0.80)
(0.13)
(0.28)
0.3058
N/A
(2.46)
Risk Adjusted Performance
0.0372
0.1009
0.0836
0.0049
0.0404
(0.01)
(0.02)
N/A
(0.04)
Skewness
1.82
1.13
0.0328
0.7711
0.4151
(0.33)
0.8037
N/A
(0.30)
Semi Deviation
7.6
N/A
8.45
N/A
4.07
N/A
N/A
N/A
N/A
Information Ratio
0.0306
0.1157
0.0906
(0.02)
0.0299
(0.04)
(0.06)
N/A
(0.08)
Value At Risk
(12.12)
(33.33)
(17.39)
(2.44)
(10.00)
(5.13)
(2.59)
N/A
(5.88)
Expected Short fall
(10.25)
N/A
(9.67)
N/A
(7.41)
N/A
N/A
N/A
N/A
Downside Deviation
9.51
N/A
10.79
N/A
7.1
N/A
N/A
N/A
N/A
Semi Variance
57.78
N/A
71.32
N/A
16.59
N/A
N/A
N/A
N/A

Ocean Power Competition Performance Charts

Five steps to successful analysis of Ocean Power Competition

Ocean Power'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 Ocean Power Technologies in relation to its competition. Ocean Power's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Ocean Power 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 Ocean Power's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ocean Power Technologies, 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 Ocean Power position

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Video Games Theme
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 24 constituents at this time.
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When determining whether Ocean Power Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ocean Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ocean Power Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Ocean Power Technologies Stock:
How To Invest In Ocean
Details
Is Ocean Stock a good investment?
Details
What is Ocean Power's Net Worth?
Details
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Check out Ocean Power Correlation with its peers.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between Ocean Power's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Ocean Power should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Ocean Power's market price signifies the transaction level at which participants voluntarily complete trades.
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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