Optical Cable Stock Alpha and Beta Analysis
| OCC Stock | USD 2.40 0.03 1.27% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Optical Cable. It also helps investors analyze the systematic and unsystematic risks associated with investing in Optical Cable over a specified time horizon. Remember, high Optical Cable's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Optical Cable's market risk premium analysis include:
Beta 0.33 | Alpha (0.19) | Risk 125.86 | Sharpe Ratio 0.11 | Expected Return 13.91 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Optical |
Optical Cable Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Optical Cable market risk premium is the additional return an investor will receive from holding Optical Cable long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Optical Cable. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Optical Cable's performance over market.| α | -0.19 | β | 0.33 |
Optical Cable expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Optical Cable's Buy-and-hold return. Our buy-and-hold chart shows how Optical Cable performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Optical Cable Market Price Analysis
Market price analysis indicators help investors to evaluate how Optical Cable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optical Cable shares will generate the highest return on investment. By understating and applying Optical Cable stock market price indicators, traders can identify Optical Cable position entry and exit signals to maximize returns.
Optical Cable Return and Market Media
The median price of Optical Cable for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.56 with a coefficient of variation of 14.0. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 2.53, and mean deviation of 0.18. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 3000 shares by Neil Wilkin of Optical Cable at 3.4 subject to Rule 16b-3 | 09/06/2024 |
2 | Comcast Looking At Forming A New Stand-Alone Company For Its Cable Networks | 10/31/2024 |
3 | Shanghai QiFan Cables Anemic Earnings Might Be Worse Than You Think | 11/05/2024 |
4 | New Report Reveals Consumers Spend 1,186 Per Year on Cable Internet, up 3.4 percent From Last Year | 11/13/2024 |
5 | Malone Makes Pitch for More Cable-TV Consolidation With Charter | 11/14/2024 |
6 | Wells Fargo Company Shares Purchased by Cable Hill Partners LLC | 11/15/2024 |
7 | Dah San Electric Wire Cable Third Quarter 2024 Earnings EPS NT1.14 | 11/18/2024 |
8 | Comcast to Spin Off Cable-TV Channels Like MSNBC, USA | 11/19/2024 |
9 | Hold-Key Electric Wire Cables Promising Earnings May Rest On Soft Foundations | 11/21/2024 |
About Optical Cable Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Optical or other stocks. Alpha measures the amount that position in Optical Cable has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 58.13 | 46.56 | 53.55 | 69.82 | PTB Ratio | 1.21 | 0.86 | 0.99 | 0.94 |
Optical Cable Upcoming Company Events
As portrayed in its financial statements, the presentation of Optical Cable's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Optical Cable's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Optical Cable's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Optical Cable. Please utilize our Beneish M Score to check the likelihood of Optical Cable's management manipulating its earnings.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Build Portfolio with Optical Cable
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Align your risk with return expectations
Check out Optical Cable Backtesting, Optical Cable Valuation, Optical Cable Correlation, Optical Cable Hype Analysis, Optical Cable Volatility, Optical Cable History and analyze Optical Cable Performance. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Optical Cable 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.