Ocumetics Technology Corp Stock Price on July 22, 2024
| OTC Stock | 0.34 0.02 6.25% |
If you're considering investing in Ocumetics Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ocumetics Technology stands at 0.34, as last reported on the 26th of November, with the highest price reaching 0.34 and the lowest price hitting 0.31 during the day. Ocumetics Technology appears to be out of control, given 3 months investment horizon. Ocumetics Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0583, which implies the firm had a 0.0583% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ocumetics Technology Corp, which you can use to evaluate the volatility of the company. Please evaluate Ocumetics Technology's Risk Adjusted Performance of 0.0318, semi deviation of 2.82, and Coefficient Of Variation of 3206.66 to confirm if our risk estimates are consistent with your expectations.
At this time, Ocumetics Technology's Common Stock Shares Outstanding is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.9 M in 2024, whereas Common Stock is likely to drop slightly above 1.1 M in 2024. . At this time, Ocumetics Technology's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 452.10 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.18). Ocumetics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocumetics |
Sharpe Ratio = 0.0583
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Estimated Market Risk
| 3.72 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Ocumetics Technology is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocumetics Technology by adding it to a well-diversified portfolio.
Price Book 400.9619 | Book Value (0.01) | Enterprise Value 39.7 M | Enterprise Value Ebitda (79.74) | Shares Float 73.9 M |
Ocumetics Technology Valuation on July 22, 2024
It is possible to determine the worth of Ocumetics Technology on a given historical date. On July 22, 2024 Ocumetics was worth 0.3 at the beginning of the trading date compared to the closed value of 0.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocumetics Technology stock. Still, in general, we apply an absolute valuation method to find Ocumetics Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ocumetics Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocumetics Technology's related companies.
| Open | High | Low | Close | Volume | |
| 0.31 | 0.31 | 0.31 | 0.31 | 1.00 | |
07/22/2024 | 0.30 | 0.31 | 0.30 | 0.31 | 6,710 |
| 0.29 | 0.29 | 0.29 | 0.29 | 500.00 |
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Ocumetics Technology Trading Date Momentum on July 22, 2024
| On July 23 2024 Ocumetics Technology Corp was traded for 0.29 at the closing time. The highest daily price throughout the period was 0.29 and the lowest price was 0.29 . The daily volume was 500. The net trading volume on 07/23/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 6.45% . The trading delta at closing time to current closing price is 6.45% . |
Ocumetics Technology Corp Fundamentals Correlations and Trends
By evaluating Ocumetics Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocumetics Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocumetics financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocumetics Technology Stock history
Ocumetics Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocumetics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocumetics Technology Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocumetics Technology stock prices may prove useful in developing a viable investing in Ocumetics Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 118.5 M | 123.9 M | |
| Net Loss | -582 K | -552.9 K |
Ocumetics Technology Stock Technical Analysis
Ocumetics Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ocumetics Technology Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Ocumetics Technology Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ocumetics Technology November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocumetics Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocumetics Technology shares will generate the highest return on investment. By undertsting and applying Ocumetics Technology stock market strength indicators, traders can identify Ocumetics Technology Corp entry and exit signals to maximize returns
Ocumetics Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocumetics Technology's price direction in advance. Along with the technical and fundamental analysis of Ocumetics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocumetics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0948 |
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Additional Tools for Ocumetics Stock Analysis
When running Ocumetics Technology's price analysis, check to measure Ocumetics Technology'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 Ocumetics Technology is operating at the current time. Most of Ocumetics Technology's value examination focuses on studying past and present price action to predict the probability of Ocumetics Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocumetics Technology's price. Additionally, you may evaluate how the addition of Ocumetics Technology to your portfolios can decrease your overall portfolio volatility.