Oceanpal Stock Market Value
| OP Stock | USD 1.46 0.04 2.82% |
| Symbol | Oceanpal |
Oceanpal Price To Book Ratio
Is Marine Transportation 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 Oceanpal. If investors know Oceanpal 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 Oceanpal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.43) | Revenue Per Share 3.475 | Quarterly Revenue Growth 0.249 | Return On Assets (0.09) | Return On Equity (0.14) |
The market value of Oceanpal is measured differently than its book value, which is the value of Oceanpal that is recorded on the company's balance sheet. Investors also form their own opinion of Oceanpal's value that differs from its market value or its book value, called intrinsic value, which is Oceanpal'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 Oceanpal's market value can be influenced by many factors that don't directly affect Oceanpal'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 Oceanpal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oceanpal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanpal'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.
Oceanpal '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 Oceanpal'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 Oceanpal.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Oceanpal on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Oceanpal or generate 0.0% return on investment in Oceanpal over 30 days. Oceanpal is related to or competes with Genco Shipping, Golden Ocean, Star Bulk, TOP Ships, Seanergy Maritime, Euroseas, and Castor Maritime. OceanPal Inc. focuses on the provision of ocean-going transportation services More
Oceanpal 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 Oceanpal'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 Oceanpal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 3.33 |
Oceanpal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceanpal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceanpal's standard deviation. In reality, there are many statistical measures that can use Oceanpal historical prices to predict the future Oceanpal's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.17) |
Oceanpal Backtested Returns
Oceanpal maintains Sharpe Ratio (i.e., Efficiency) of -0.0528, which implies the firm had a -0.0528% return per unit of risk over the last 3 months. Oceanpal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceanpal's Variance of 8.07, coefficient of variation of (1,260), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 1.36, 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, Oceanpal will likely underperform. At this point, Oceanpal has a negative expected return of -0.15%. Please make sure to check Oceanpal's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Oceanpal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Oceanpal has good predictability. Overlapping area represents the amount of predictability between Oceanpal time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Oceanpal price movement. The serial correlation of 0.76 indicates that around 76.0% of current Oceanpal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oceanpal lagged returns against current returns
Autocorrelation, which is Oceanpal 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 Oceanpal's stock expected returns. We can calculate the autocorrelation of Oceanpal returns to help us make a trade decision. For example, suppose you find that Oceanpal 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 |
Oceanpal 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 Oceanpal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceanpal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceanpal stock over time.
Current vs Lagged Prices |
| Timeline |
Oceanpal Lagged Returns
When evaluating Oceanpal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceanpal stock have on its future price. Oceanpal 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, Oceanpal autocorrelation shows the relationship between Oceanpal stock current value and its past values and can show if there is a momentum factor associated with investing in Oceanpal.
Regressed Prices |
| Timeline |
Pair Trading with Oceanpal
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 Oceanpal 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 Oceanpal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Oceanpal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oceanpal 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 Oceanpal - 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 Oceanpal to buy it.
The correlation of Oceanpal 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 Oceanpal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oceanpal 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 Oceanpal 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 Oceanpal Stock Analysis
When running Oceanpal's price analysis, check to measure Oceanpal'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 Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.