Ocean Biomedical Stock Price on December 19, 2024
OCEA Stock | 0.59 0.01 1.72% |
If you're considering investing in Ocean Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ocean Biomedical stands at 0.59, as last reported on the 19th of December, with the highest price reaching 0.60 and the lowest price hitting 0.57 during the day. Ocean Biomedical maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Ocean Biomedical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocean Biomedical's Variance of 19.61, coefficient of variation of (719.88), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide.
Ocean Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocean |
Sharpe Ratio = -0.1389
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | OCEA |
Estimated Market Risk
4.43 actual daily | 39 61% of assets are more volatile |
Expected Return
-0.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocean Biomedical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocean Biomedical by adding Ocean Biomedical to a well-diversified portfolio.
Ocean Biomedical Valuation on December 19, 2024
It is possible to determine the worth of Ocean Biomedical on a given historical date. On December 19, 2024 Ocean was worth 0.6 at the beginning of the trading date compared to the closed value of 0.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocean Biomedical stock. Still, in general, we apply an absolute valuation method to find Ocean Biomedical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ocean Biomedical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocean Biomedical's related companies.
Open | High | Low | Close | Volume | |
0.64 | 0.64 | 0.58 | 0.58 | 27,959 | |
12/19/2024 | 0.60 | 0.60 | 0.57 | 0.59 | 55,137 |
Backtest Ocean Biomedical | | | Ocean Biomedical History | | | Ocean Biomedical Valuation | Previous |
Ocean Biomedical Trading Date Momentum on December 19, 2024
On December 19 2024 Ocean Biomedical was traded for 0.59 at the closing time. The top price for the day was 0.60 and the lowest listed price was 0.57 . The trading volume for the day was 55.1 K. The trading history from December 19, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.69% . |
Ocean Biomedical Fundamentals Correlations and Trends
By evaluating Ocean Biomedical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocean Biomedical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocean financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocean Biomedical Stock history
Ocean Biomedical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocean Biomedical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocean Biomedical stock prices may prove useful in developing a viable investing in Ocean Biomedical
Ocean Biomedical Stock Technical Analysis
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.
Price Boundaries
Ocean Biomedical Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
Ocean Biomedical cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ocean Biomedical December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocean Biomedical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Biomedical shares will generate the highest return on investment. By undertsting and applying Ocean Biomedical stock market strength indicators, traders can identify Ocean Biomedical entry and exit signals to maximize returns
Ocean Biomedical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocean Biomedical's price direction in advance. Along with the technical and fundamental analysis of Ocean Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocean to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.10) | |||
Jensen Alpha | (0.63) | |||
Total Risk Alpha | (0.76) | |||
Treynor Ratio | (2.73) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary 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.
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |