Ocean Thermal Energy Stock Net Income
| CPWR Stock | USD 0.01 0.01 37.42% |
Fundamental analysis of Ocean Thermal allows traders to better anticipate movements in Ocean Thermal's stock price by examining its financial health and performance throughout various phases of its business cycle.
Ocean |
Ocean Thermal Energy Company Net Income Analysis
Ocean Thermal's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Ocean Thermal Net Income | (2.67 M) |
Most of Ocean Thermal's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ocean Thermal Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Ocean Thermal Energy reported net income of (2.67 Million). This is 101.26% lower than that of the Utilities sector and significantly lower than that of the Utilities—Renewable industry. The net income for all United States stocks is 100.47% higher than that of the company.
Ocean Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ocean Thermal's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Ocean Thermal could also be used in its relative valuation, which is a method of valuing Ocean Thermal by comparing valuation metrics of similar companies.Ocean Thermal is currently under evaluation in net income category among its peers.
Ocean Fundamentals
| Return On Asset | -15.2 | |||
| Current Valuation | 10.01 M | |||
| Shares Outstanding | 184.37 M | |||
| Shares Owned By Insiders | 5.11 % | |||
| Price To Earning | (17.31) X | |||
| Price To Sales | 47,542 X | |||
| EBITDA | (563.18 K) | |||
| Net Income | (2.67 M) | |||
| Cash And Equivalents | 856 | |||
| Total Debt | 226.79 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | (0.19) X | |||
| Cash Flow From Operations | (542.63 K) | |||
| Earnings Per Share | (0.02) X | |||
| Target Price | 11.0 | |||
| Beta | -0.32 | |||
| Market Capitalization | 1.47 M | |||
| Total Asset | 5.96 K | |||
| Retained Earnings | 805.78 M | |||
| Working Capital | 215.2 M | |||
| Current Asset | 752.55 M | |||
| Current Liabilities | 537.35 M | |||
| Net Asset | 5.96 K |
About Ocean Thermal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ocean Thermal Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ocean Thermal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ocean Thermal Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ocean Thermal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ocean Thermal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ocean Thermal will appreciate offsetting losses from the drop in the long position's value.Moving against Ocean Pink Sheet
| 0.61 | OEZVF | VERBUND AG | PairCorr |
| 0.51 | CLPXY | China Longyuan Power | PairCorr |
| 0.48 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.35 | PTAIF | PT Astra International | PairCorr |
| 0.33 | DNNGY | Orsted AS ADR | PairCorr |
The ability to find closely correlated positions to Ocean Thermal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Thermal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ocean Thermal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ocean Thermal Energy to buy it.
The correlation of Ocean Thermal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocean Thermal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Thermal Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ocean Thermal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ocean Pink Sheet Analysis
When running Ocean Thermal's price analysis, check to measure Ocean Thermal'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 Thermal is operating at the current time. Most of Ocean Thermal's value examination focuses on studying past and present price action to predict the probability of Ocean Thermal'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 Thermal's price. Additionally, you may evaluate how the addition of Ocean Thermal to your portfolios can decrease your overall portfolio volatility.