Ocumetics Technology Corp Stock Performance
| OTC Stock | 0.34 0.02 6.25% |
Ocumetics Technology has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 1.11, which implies a somewhat significant risk relative to the market. Ocumetics Technology returns are very sensitive to returns on the market. As the market goes up or down, Ocumetics Technology is expected to follow. Ocumetics Technology Corp right now holds a risk of 3.61%. Please check Ocumetics Technology Corp potential upside and the relationship between the skewness and period momentum indicator , to decide if Ocumetics Technology Corp will be following its historical price patterns.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Ocumetics Technology Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Ocumetics Technology may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Top 10 startups in Ophthalmology in Canada in Oct, 2024 - Tracxn | 10/08/2024 |
| Begin Period Cash Flow | 602.1 K |
Ocumetics |
Ocumetics Technology Relative Risk vs. Return Landscape
If you would invest 31.00 in Ocumetics Technology Corp on August 27, 2024 and sell it today you would earn a total of 1.00 from holding Ocumetics Technology Corp or generate 3.23% return on investment over 90 days. Ocumetics Technology Corp is currently producing 0.1143% returns and takes up 3.6072% volatility of returns over 90 trading days. Put another way, 32% of traded stocks are less volatile than Ocumetics, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ocumetics Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocumetics Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ocumetics Technology Corp, and traders can use it to determine the average amount a Ocumetics Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0317
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Estimated Market Risk
| 3.61 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Ocumetics Technology is performing at about 2% 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.
Ocumetics Technology Fundamentals Growth
Ocumetics Stock prices reflect investors' perceptions of the future prospects and financial health of Ocumetics Technology, and Ocumetics Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ocumetics Stock performance.
| Return On Equity | -11.23 | ||||
| Return On Asset | -0.79 | ||||
| Current Valuation | 39.74 M | ||||
| Shares Outstanding | 119.77 M | ||||
| Price To Book | 400.96 X | ||||
| EBITDA | (2.59 M) | ||||
| Net Income | (3.64 M) | ||||
| Total Debt | 945.33 K | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (2.05 M) | ||||
| Earnings Per Share | (0.02) X | ||||
| Market Capitalization | 38.33 M | ||||
| Total Asset | 1.04 M | ||||
| Retained Earnings | (9.18 M) | ||||
| Working Capital | (312.69 K) | ||||
About Ocumetics Technology Performance
Evaluating Ocumetics Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ocumetics Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ocumetics Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (77.82) | (81.72) | |
| Return On Tangible Assets | (9.62) | (9.14) | |
| Return On Capital Employed | (8.74) | (8.30) | |
| Return On Assets | (3.52) | (3.34) | |
| Return On Equity | (39.99) | (37.99) |
Things to note about Ocumetics Technology Corp performance evaluation
Checking the ongoing alerts about Ocumetics Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ocumetics Technology Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ocumetics Technology has some characteristics of a very speculative penny stock | |
| Ocumetics Technology had very high historical volatility over the last 90 days | |
| Net Loss for the year was (3.64 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ocumetics Technology generates negative cash flow from operations | |
| About 46.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Ocumetics Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ocumetics Technology's stock is overvalued or undervalued compared to its peers.
- Examining Ocumetics Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ocumetics Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ocumetics Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ocumetics Technology's stock. These opinions can provide insight into Ocumetics Technology's potential for growth and whether the stock is currently undervalued or overvalued.
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.