Ocean Power Stock Forecast - Simple Exponential Smoothing
| OPTT Stock | USD 0.46 0.03 6.98% |
The Simple Exponential Smoothing forecasted value of Ocean Power Technologies on the next trading day is expected to be 0.46 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.25. Ocean Stock Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Ocean Power's share price is below 20 . This indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Current Year (0.11) | EPS Estimate Next Year (0.07) | Wall Street Target Price 1.5 | Quarterly Revenue Growth (0.09) |
Using Ocean Power hype-based prediction, you can estimate the value of Ocean Power Technologies from the perspective of Ocean Power response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Ocean Power using Ocean Power's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Ocean using crowd psychology based on the activity and movement of Ocean Power's stock price.
Ocean Power Implied Volatility | 1.84 |
Ocean Power's implied volatility exposes the market's sentiment of Ocean Power Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ocean Power's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ocean Power stock will not fluctuate a lot when Ocean Power's options are near their expiration.
The Simple Exponential Smoothing forecasted value of Ocean Power Technologies on the next trading day is expected to be 0.46 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.25. Ocean Power after-hype prediction price | USD 0.45 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Ocean Power to cross-verify your projections. Prediction based on Rule 16 of the current Ocean contract
Based on the Rule 16, the options market is currently suggesting that Ocean Power Technologies will have an average daily up or down price movement of about 0.12% per day over the life of the 2026-03-20 option contract. With Ocean Power trading at USD 0.46, that is roughly USD 5.29E-4 . If you think that the market is fully incorporating Ocean Power's daily price movement you should consider acquiring Ocean Power Technologies options at the current volatility level of 1.84%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Ocean Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ocean Power's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ocean Power's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ocean Power stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Ocean Power's open interest, investors have to compare it to Ocean Power's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ocean Power is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ocean. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Ocean Power Additional Predictive Modules
Most predictive techniques to examine Ocean price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Ocean using various technical indicators. When you analyze Ocean charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ocean Power Simple Exponential Smoothing Price Forecast For the 26th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Ocean Power Technologies on the next trading day is expected to be 0.46 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0009, and the sum of the absolute errors of 1.25.Please note that although there have been many attempts to predict Ocean Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Ocean Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Ocean Power Stock Forecast Pattern
| Backtest Ocean Power | Ocean Power Price Prediction | Buy or Sell Advice |
Ocean Power Forecasted Value
In the context of forecasting Ocean Power's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Ocean Power's downside and upside margins for the forecasting period are 0 and 8.03, respectively. We have considered Ocean Power's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Ocean Power stock data series using in forecasting. Note that when a statistical model is used to represent Ocean Power stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 109.3083 |
| Bias | Arithmetic mean of the errors | 0.0012 |
| MAD | Mean absolute deviation | 0.0208 |
| MAPE | Mean absolute percentage error | 0.0517 |
| SAE | Sum of the absolute errors | 1.25 |
Predictive Modules for Ocean Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ocean Power Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Ocean Power After-Hype Price Prediction Density Analysis
As far as predicting the price of Ocean Power at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Ocean Power or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Ocean Power, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Ocean Power Estimiated After-Hype Price Volatility
In the context of predicting Ocean Power's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Ocean Power's historical news coverage. Ocean Power's after-hype downside and upside margins for the prediction period are 0.02 and 8.02, respectively. We have considered Ocean Power's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Ocean Power is out of control at this time. Analysis and calculation of next after-hype price of Ocean Power Technologies is based on 3 months time horizon.
Ocean Power Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Ocean Power is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ocean Power backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Ocean Power, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.09 | 7.57 | 0.01 | 0.05 | 11 Events / Month | 7 Events / Month | In about 11 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.46 | 0.45 | 2.17 |
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Ocean Power Hype Timeline
Ocean Power Technologies is now traded for 0.46. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of -0.05. Ocean is anticipated to decline in value after the next headline, with the price expected to drop to 0.45. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -2.17%, whereas the daily expected return is now at 0.09%. The volatility of related hype on Ocean Power is about 1507.97%, with the expected price after the next announcement by competition of 0.41. The book value of the company was now reported as 0.14. The company recorded a loss per share of 0.16. Ocean Power Technologies last dividend was issued on the 12th of March 2019. The entity had 1:20 split on the 12th of March 2019. Given the investment horizon of 90 days the next anticipated press release will be in about 11 days. Check out Historical Fundamental Analysis of Ocean Power to cross-verify your projections.Ocean Power Related Hype Analysis
Having access to credible news sources related to Ocean Power's direct competition is more important than ever and may enhance your ability to predict Ocean Power's future price movements. Getting to know how Ocean Power's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Ocean Power may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CBAT | CBAK Energy Technology | 0.01 | 5 per month | 0.00 | (0.14) | 3.13 | (3.33) | 7.92 | |
| RFIL | RF Industries | (1.53) | 8 per month | 2.49 | 0.1 | 10.00 | (5.37) | 28.86 | |
| FLX | BingEx | (0.13) | 8 per month | 4.18 | (0.01) | 8.22 | (6.92) | 25.66 | |
| XCH | XCHG Limited American | (0.09) | 9 per month | 0.00 | (0.13) | 8.76 | (9.09) | 32.99 | |
| BAER | Bridger Aerospace Group | (0.03) | 8 per month | 2.94 | 0.15 | 10.59 | (5.35) | 18.79 | |
| DFLI | Chardan NexTech Acquisition | (1.53) | 4 per month | 0.00 | (0.15) | 13.98 | (17.43) | 58.61 | |
| RYM | RYTHM Inc | (1.53) | 12 per month | 0.00 | (0.11) | 10.94 | (15.38) | 63.12 | |
| SHIM | Shimmick Common | 0.26 | 6 per month | 3.88 | 0.12 | 12.69 | (6.83) | 26.47 | |
| SUGP | SU Group Holdings | (0.43) | 8 per month | 0.00 | (0.05) | 17.52 | (9.92) | 43.26 | |
| NNBR | NN Inc | (0.02) | 9 per month | 0.00 | (0.07) | 5.49 | (5.59) | 21.64 |
Other Forecasting Options for Ocean Power
For every potential investor in Ocean, whether a beginner or expert, Ocean Power's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ocean Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ocean. Basic forecasting techniques help filter out the noise by identifying Ocean Power's price trends.Ocean Power Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ocean Power stock to make a market-neutral strategy. Peer analysis of Ocean Power could also be used in its relative valuation, which is a method of valuing Ocean Power by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ocean Power Market Strength Events
Market strength indicators help investors to evaluate how Ocean Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Power shares will generate the highest return on investment. By undertsting and applying Ocean Power stock market strength indicators, traders can identify Ocean Power Technologies entry and exit signals to maximize returns.
Ocean Power Risk Indicators
The analysis of Ocean Power's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ocean Power's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ocean stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.01 | |||
| Semi Deviation | 6.48 | |||
| Standard Deviation | 7.47 | |||
| Variance | 55.77 | |||
| Downside Variance | 54.65 | |||
| Semi Variance | 42.03 | |||
| Expected Short fall | (6.37) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Ocean Power
The number of cover stories for Ocean Power depends on current market conditions and Ocean Power's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Ocean Power is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Ocean Power's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Ocean Power Short Properties
Ocean Power's future price predictability will typically decrease when Ocean Power's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Ocean Power Technologies often depends not only on the future outlook of the potential Ocean Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ocean Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 126.9 M | |
| Cash And Short Term Investments | 6.7 M |
Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power'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 Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.