Ocean Power Technologies Stock Alpha and Beta Analysis
| OPTT Stock | USD 0.15 0.01 7.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Ocean Power Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ocean Power over a specified time horizon. Remember, high Ocean Power's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Ocean Power's market risk premium analysis include:
Beta 1.59 | Alpha (0.33) | Risk 6.49 | Sharpe Ratio (0.04) | Expected Return (0.24) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Ocean |
Ocean Power Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ocean Power market risk premium is the additional return an investor will receive from holding Ocean Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ocean Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Ocean Power's performance over market.| α | -0.33 | β | 1.59 |
Ocean Power expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Ocean Power's Buy-and-hold return. Our buy-and-hold chart shows how Ocean Power performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Ocean Power Market Price Analysis
Market price analysis 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 understating and applying Ocean Power stock market price indicators, traders can identify Ocean Power position entry and exit signals to maximize returns.
Ocean Power Return and Market Media
The median price of Ocean Power for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 0.16 with a coefficient of variation of 12.39. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 0.17, and mean deviation of 0.02. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Ocean Power Technologies expands authorized shares - Investing.com | 08/30/2024 |
2 | ElectroCore CFO retires, promotes replacement from within | 09/09/2024 |
3 | Ocean Power Technologies Awarded 1M Contract for Naval Information Warfare Center Pacifics Project Overmatch Mission Autonomy Proving Grounds | 09/12/2024 |
4 | Earnings call OPT reports steady revenues and reduced losses in Q1 FY25 | 09/18/2024 |
5 | Acquisition by Slaiby Peter E. of 110294 shares of Ocean Power subject to Rule 16b-3 | 09/23/2024 |
6 | Ocean Power Technologies Signs Agreement with Servio Nacional de Aprendizagem Industrial to Advance Autonomous Ocean Developments | 09/25/2024 |
7 | Ocean Power Delivers Unmanned Vessels for Maritime Security | 09/27/2024 |
8 | Ocean Power Technologies Confirms Shipment of AI capable Merrows PowerBuoy for the Middle East | 10/07/2024 |
9 | Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique Group | 10/16/2024 |
10 | Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacifics Project Overmatch | 10/28/2024 |
11 | Acquisition by Cryan Terence James of 100000 shares of Ocean Power at 0.148 subject to Rule 16b-3 | 11/13/2024 |
12 | Ocean Power Technologies director buys 14,800 in common stock | 11/15/2024 |
About Ocean Power Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Ocean or other stocks. Alpha measures the amount that position in Ocean Power Technologies has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 180.11 | 119.84 | 53.78 | 96.37 | PTB Ratio | 0.83 | 0.65 | 0.59 | 0.56 |
Ocean Power Upcoming Company Events
As portrayed in its financial statements, the presentation of Ocean Power's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ocean Power's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Ocean Power's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Ocean Power. Please utilize our Beneish M Score to check the likelihood of Ocean Power's management manipulating its earnings.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
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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.