Ocean Harvest Gross Profit vs. Price To Book
OHT Stock | 8.50 0.25 2.86% |
Gross Profit | First Reported 2010-12-31 | Previous Quarter 1.1 M | Current Value 792 K | Quarterly Volatility 196.4 K |
For Ocean Harvest profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ocean Harvest to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ocean Harvest Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ocean Harvest's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ocean Harvest Technology over time as well as its relative position and ranking within its peers.
Ocean |
Ocean Harvest Technology Price To Book vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ocean Harvest's current stock value. Our valuation model uses many indicators to compare Ocean Harvest value to that of its competitors to determine the firm's financial worth. Ocean Harvest Technology is considered to be number one stock in gross profit category among its peers. It also is considered to be number one stock in price to book category among its peers . The ratio of Gross Profit to Price To Book for Ocean Harvest Technology is about 237,023 . At present, Ocean Harvest's Gross Profit is projected to increase significantly based on the last few years of reporting. 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 Harvest's earnings, one of the primary drivers of an investment's value.Ocean Price To Book vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Ocean Harvest |
| = | 779 K |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Ocean Harvest |
| = | 3.29 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Ocean Price To Book Comparison
Ocean Harvest is currently under evaluation in price to book category among its peers.
Ocean Harvest Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ocean Harvest, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ocean Harvest will eventually generate negative long term returns. The profitability progress is the general direction of Ocean Harvest's change in net profit over the period of time. It can combine multiple indicators of Ocean Harvest, 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.
Last Reported | Projected for Next Year | ||
Net Interest Income | -65.5 K | -68.8 K | |
Operating Income | -2.6 M | -2.8 M | |
Net Loss | -3.4 M | -3.6 M | |
Income Before Tax | -3.5 M | -3.7 M | |
Net Loss | -3.4 M | -3.6 M |
Ocean Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ocean Harvest. 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 Harvest 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 Harvest's important profitability drivers and their relationship over time.
Use Ocean Harvest 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 Harvest 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 Harvest will appreciate offsetting losses from the drop in the long position's value.Ocean Harvest Pair Trading
Ocean Harvest Technology Pair Trading Analysis
The ability to find closely correlated positions to Ocean Harvest 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 Harvest 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 Harvest - 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 Harvest Technology to buy it.
The correlation of Ocean Harvest 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 Harvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Harvest Technology 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 Harvest 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 Harvest position
In addition to having Ocean Harvest 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 Healthcare Thematic Idea Now
Healthcare
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Healthcare theme has 61 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 Healthcare Theme or any other thematic opportunities.
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Other Information on Investing in Ocean Stock
To fully project Ocean Harvest's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ocean Harvest Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Ocean Harvest's income statement, its balance sheet, and the statement of cash flows.