Ocean Thermal Current Valuation vs. Net Income
Ocean Thermal Energy Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ocean Thermal's current stock value. Our valuation model uses many indicators to compare Ocean Thermal value to that of its competitors to determine the firm's financial worth. Ocean Thermal Energy is rated fourth in current valuation category among its peers. It is rated fifth in net income category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ocean Thermal's earnings, one of the primary drivers of an investment's value.Ocean Current Valuation vs. Competition
Ocean Thermal Energy is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities—Renewable industry is currently estimated at about 296.42 Million. Ocean Thermal holds roughly 10.01 Million in current valuation claiming about 3% of Utilities—Renewable industry.
Ocean Net Income vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Ocean Thermal |
| = | 10.01 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Ocean Thermal |
| = | (2.67 M) |
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.
Ocean Net Income Comparison
Ocean Thermal is currently under evaluation in net income category among its peers.
Ocean Thermal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ocean Thermal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ocean Thermal will eventually generate negative long term returns. The profitability progress is the general direction of Ocean Thermal's change in net profit over the period of time. It can combine multiple indicators of Ocean Thermal, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Ocean Thermal Energy Corporation, together with its subsidiaries, engages in the development of projects for renewable power generation, desalinated water production, and air conditioning worldwide. The company was founded in 1998 and is headquartered in Lancaster, Pennsylvania. Ocean Thermal operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. It employs 3 people.
Ocean Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ocean Thermal. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ocean Thermal position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ocean Thermal's important profitability drivers and their relationship over time.
Ocean Thermal Earnings per Share Projection vs Actual
Use Ocean Thermal in pair-trading
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.Ocean Thermal Pair Trading
Ocean Thermal Energy Pair Trading Analysis
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.Use Investing Themes to Complement your Ocean Thermal position
In addition to having Ocean Thermal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Health Management Thematic Idea Now
Health Management
Major hospitals and healthcare providers. The Health Management theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Management Theme or any other thematic opportunities.
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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.