Ocean Competitors
Ocean Thermal Energy competes with Verde Clean, Smart Powerr, Ormat Technologies, Tokyo Electric, and Verde Clean; as well as few others. The company conducts business under Utilities sector and is part of Utilities—Renewable industry. Analyzing Ocean Thermal competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ocean Thermal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ocean Thermal competition on your existing holdings.
Ocean |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ocean Thermal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ocean Thermal Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ocean Thermal and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Ocean and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ocean Thermal Energy does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Ocean Pink Sheet performing well and Ocean Thermal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ocean Thermal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGASW | 7.57 | 1.11 | 0.09 | 0.48 | 8.19 | 20.69 | 50.69 | |||
| CREG | 3.56 | 0.13 | 0.03 | 0.00 | 4.18 | 7.46 | 41.67 | |||
| ORA | 1.41 | (0.09) | 0.00 | (0.61) | 0.00 | 2.68 | 8.52 | |||
| TKECF | 3.66 | (0.24) | 0.00 | (0.75) | 0.00 | 15.08 | 35.02 | |||
| HLGN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VGAS | 2.52 | (0.01) | 0.00 | (0.18) | 0.00 | 5.01 | 13.28 | |||
| ADN | 4.61 | (0.16) | 0.00 | (1.29) | 0.00 | 13.04 | 31.69 | |||
| AZLOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Ocean Thermal Competitive Analysis
The better you understand Ocean Thermal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ocean Thermal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ocean Thermal's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Ocean Thermal Competition Performance Charts
Five steps to successful analysis of Ocean Thermal Competition
Ocean Thermal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ocean Thermal Energy in relation to its competition. Ocean Thermal's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ocean Thermal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ocean Thermal's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ocean Thermal Energy, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Ocean Thermal position
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Ocean Pink Sheet
If you are still planning to invest in Ocean Thermal Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocean Thermal's history and understand the potential risks before investing.
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