Ocean Biomedical Stock Probability of Future Stock Price Finishing Under 0.0378
| OCEAW Stock | 0.04 0.01 14.25% |
Ocean |
Ocean Biomedical Target Price Odds to finish below 0.0378
The tendency of Ocean Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 0.04 or more in 90 days |
| 0.04 | 90 days | 0.04 | about 38.68 |
Based on a normal probability distribution, the odds of Ocean Biomedical to drop to 0.04 or more in 90 days from now is about 38.68 (This Ocean Biomedical probability density function shows the probability of Ocean Stock to fall within a particular range of prices over 90 days) . Probability of Ocean Biomedical price to stay between 0.04 and its current price of 0.0385 at the end of the 90-day period is nearly 4.08 .
Assuming the 90 days horizon Ocean Biomedical has a beta of -5.77. This indicates as returns on its benchmark rise, returns on holding Ocean Biomedical are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Ocean Biomedical is expected to outperform its benchmark. In addition to that Ocean Biomedical has an alpha of 2.8241, implying that it can generate a 2.82 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ocean Biomedical Price Density |
| Price |
Predictive Modules for Ocean Biomedical
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 Biomedical. 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.Ocean Biomedical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ocean Biomedical is not an exception. The market had few large corrections towards the Ocean Biomedical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ocean Biomedical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ocean Biomedical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.82 | |
β | Beta against Dow Jones | -5.77 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.08 |
Ocean Biomedical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ocean Biomedical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ocean Biomedical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ocean Biomedical is way too risky over 90 days horizon | |
| Ocean Biomedical has some characteristics of a very speculative penny stock | |
| Ocean Biomedical appears to be risky and price may revert if volatility continues | |
| Ocean Biomedical has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (958.43 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ocean Biomedical generates negative cash flow from operations |
Ocean Biomedical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ocean Stock often depends not only on the future outlook of the current and potential Ocean Biomedical'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 Biomedical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.5 M | |
| Cash And Short Term Investments | 328.3 K |
Ocean Biomedical Technical Analysis
Ocean Biomedical's future price can be derived by breaking down and analyzing its technical indicators over time. Ocean Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ocean Biomedical. In general, you should focus on analyzing Ocean Stock price patterns and their correlations with different microeconomic environments and drivers.
Ocean Biomedical Predictive Forecast Models
Ocean Biomedical's time-series forecasting models is one of many Ocean Biomedical's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ocean Biomedical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Ocean Biomedical
Checking the ongoing alerts about Ocean Biomedical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ocean Biomedical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ocean Biomedical is way too risky over 90 days horizon | |
| Ocean Biomedical has some characteristics of a very speculative penny stock | |
| Ocean Biomedical appears to be risky and price may revert if volatility continues | |
| Ocean Biomedical has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (958.43 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ocean Biomedical generates negative cash flow from operations |
Additional Tools for Ocean Stock Analysis
When running Ocean Biomedical's price analysis, check to measure Ocean Biomedical'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 Biomedical is operating at the current time. Most of Ocean Biomedical's value examination focuses on studying past and present price action to predict the probability of Ocean Biomedical'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 Biomedical's price. Additionally, you may evaluate how the addition of Ocean Biomedical to your portfolios can decrease your overall portfolio volatility.