Ocugen Inc Stock Market Value
| OCGN Stock | USD 0.92 0.01 1.10% |
| Symbol | Ocugen |
Ocugen Inc Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocugen. If investors know Ocugen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocugen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.19) | Revenue Per Share 0.018 | Quarterly Revenue Growth 1.353 | Return On Assets (0.48) | Return On Equity (1.03) |
The market value of Ocugen Inc is measured differently than its book value, which is the value of Ocugen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocugen's value that differs from its market value or its book value, called intrinsic value, which is Ocugen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocugen's market value can be influenced by many factors that don't directly affect Ocugen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocugen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocugen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocugen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ocugen 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ocugen's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ocugen.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ocugen on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ocugen Inc or generate 0.0% return on investment in Ocugen over 30 days. Ocugen is related to or competes with Vaxart, Novavax, Ocean Biomedical, Elevation Oncology, Zura Bio, Enveric Biosciences, and Hepion Pharmaceuticals. Ocugen, Inc., a clinical-stage biopharmaceutical company, focuses on the developing gene therapies to cure blindness dis... More
Ocugen Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ocugen's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ocugen Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 18.12 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 8.08 |
Ocugen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocugen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ocugen's standard deviation. In reality, there are many statistical measures that can use Ocugen historical prices to predict the future Ocugen's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.24) |
Ocugen Inc Backtested Returns
Ocugen Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Ocugen Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocugen's Variance of 16.93, coefficient of variation of (935.34), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of 1.91, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ocugen will likely underperform. At this point, Ocugen Inc has a negative expected return of -0.44%. Please make sure to check Ocugen's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Ocugen Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Ocugen Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ocugen time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ocugen Inc price movement. The serial correlation of -0.2 indicates that over 20.0% of current Ocugen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ocugen Inc lagged returns against current returns
Autocorrelation, which is Ocugen stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ocugen's stock expected returns. We can calculate the autocorrelation of Ocugen returns to help us make a trade decision. For example, suppose you find that Ocugen has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ocugen regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ocugen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ocugen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ocugen stock over time.
Current vs Lagged Prices |
| Timeline |
Ocugen Lagged Returns
When evaluating Ocugen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ocugen stock have on its future price. Ocugen autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ocugen autocorrelation shows the relationship between Ocugen stock current value and its past values and can show if there is a momentum factor associated with investing in Ocugen Inc.
Regressed Prices |
| Timeline |
When determining whether Ocugen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ocugen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ocugen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ocugen Inc Stock:
Check out Ocugen Correlation, Ocugen Volatility and Ocugen Alpha and Beta module to complement your research on Ocugen. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Ocugen 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.