Ocean Biomedical Stock Technical Analysis
| OCEAW Stock | 0.04 0.0007 1.82% |
As of the 25th of November, Ocean Biomedical holds the Semi Deviation of 10.9, risk adjusted performance of 0.1033, and Coefficient Of Variation of 819.22. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocean Biomedical, as well as the relationship between them. Please check Ocean Biomedical information ratio, as well as the relationship between the potential upside and kurtosis to decide if Ocean Biomedical is priced some-what accurately, providing market reflects its current price of 0.0392 per share. As Ocean Biomedical appears to be a penny stock we also advise to check out its total risk alpha numbers.
Ocean Biomedical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ocean, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OceanOcean |
Ocean Biomedical 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.
Ocean Biomedical Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ocean Biomedical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ocean Biomedical Trend Analysis
Use this graph to draw trend lines for Ocean Biomedical. You can use it to identify possible trend reversals for Ocean Biomedical as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ocean Biomedical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ocean Biomedical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ocean Biomedical applied against its price change over selected period. The best fit line has a slop of 0.00005 , which means Ocean Biomedical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Ocean Biomedical price change compared to its average price change.About Ocean Biomedical Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ocean Biomedical on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ocean Biomedical based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ocean Biomedical price pattern first instead of the macroeconomic environment surrounding Ocean Biomedical. By analyzing Ocean Biomedical's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ocean Biomedical's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ocean Biomedical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ocean Biomedical November 25, 2024 Technical Indicators
Most technical analysis of Ocean help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ocean from various momentum indicators to cycle indicators. When you analyze Ocean charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.1033 | |||
| Market Risk Adjusted Performance | 5.22 | |||
| Mean Deviation | 13.84 | |||
| Semi Deviation | 10.9 | |||
| Downside Deviation | 13.34 | |||
| Coefficient Of Variation | 819.22 | |||
| Standard Deviation | 27.26 | |||
| Variance | 743.3 | |||
| Information Ratio | 0.1173 | |||
| Jensen Alpha | 3.24 | |||
| Total Risk Alpha | (0.98) | |||
| Sortino Ratio | 0.2397 | |||
| Treynor Ratio | 5.21 | |||
| Maximum Drawdown | 211.06 | |||
| Value At Risk | (20.68) | |||
| Potential Upside | 29.32 | |||
| Downside Variance | 177.93 | |||
| Semi Variance | 118.87 | |||
| Expected Short fall | (20.32) | |||
| Skewness | 4.66 | |||
| Kurtosis | 29.21 |
Additional Tools for Ocean Stock Analysis
When running Ocean Biomedical's price analysis, check to measure Ocean Biomedical'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 Biomedical is operating at the current time. Most of Ocean Biomedical's value examination focuses on studying past and present price action to predict the probability of Ocean Biomedical'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 Biomedical's price. Additionally, you may evaluate how the addition of Ocean Biomedical to your portfolios can decrease your overall portfolio volatility.