Ocular Therapeutix Stock Price on November 4, 2024
| OCUL Stock | USD 7.14 0.20 2.88% |
If you're considering investing in Ocular Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ocular Therapeutix stands at 7.14, as last reported on the 2nd of March, with the highest price reaching 7.14 and the lowest price hitting 6.85 during the day. Ocular Therapeutix maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the firm had a -0.18 % return per unit of risk over the last 3 months. Ocular Therapeutix exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocular Therapeutix's Coefficient Of Variation of (537.93), risk adjusted performance of (0.13), and Variance of 6.86 to confirm the risk estimate we provide.
Ocular Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocular |
Sharpe Ratio = -0.1843
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Estimated Market Risk
| 2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocular Therapeutix 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 Ocular Therapeutix by adding Ocular Therapeutix to a well-diversified portfolio.
Ocular Therapeutix Valuation on November 4, 2024
It is possible to determine the worth of Ocular Therapeutix on a given historical date. On November 4, 2024 Ocular was worth 10.16 at the beginning of the trading date compared to the closed value of 10.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocular Therapeutix stock. Still, in general, we apply an absolute valuation method to find Ocular Therapeutix'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 Ocular Therapeutix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocular Therapeutix's related companies.
| Open | High | Low | Close | Volume | |
| 10.53 | 10.75 | 10.33 | 10.39 | 822,024 | |
11/04/2024 | 10.16 | 10.51 | 9.76 | 10.27 | 1,167,699 |
| 10.19 | 10.66 | 10.07 | 10.57 | 780,882 |
| Backtest Ocular Therapeutix | | | Ocular Therapeutix History | | | Ocular Therapeutix Valuation | Previous | Next |
Ocular Therapeutix Trading Date Momentum on November 4, 2024
| On November 05 2024 Ocular Therapeutix was traded for 10.57 at the closing time. The top price for the day was 10.66 and the lowest listed price was 10.07 . The trading volume for the day was 780.9 K. The trading history from November 5, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 2.92% . The trading delta at closing time against the current closing price is 2.82% . |
Ocular Therapeutix Fundamentals Correlations and Trends
By evaluating Ocular Therapeutix'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 Ocular Therapeutix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocular financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocular Therapeutix Stock history
Ocular Therapeutix 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 Ocular is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocular Therapeutix 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 Ocular Therapeutix stock prices may prove useful in developing a viable investing in Ocular Therapeutix
Ocular Therapeutix, Inc., a biopharmaceutical company, focuses on the formulation, development, and commercialization of therapies for diseases and conditions of the eye using its bioresorbable hydrogel-based formulation technology. Ocular Therapeutix, Inc. was incorporated in 2006 and is headquartered in Bedford, Massachusetts. Ocular Therapeut operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 228 people.
Ocular Therapeutix Stock Technical Analysis
Ocular Therapeutix 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
Ocular Therapeutix Period Price Range
Low | March 2, 2025
| High |
0.00 | 0.00 |
Ocular Therapeutix 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.
Ocular Therapeutix March 2, 2025 Market Strength
Market strength indicators help investors to evaluate how Ocular Therapeutix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocular Therapeutix shares will generate the highest return on investment. By undertsting and applying Ocular Therapeutix stock market strength indicators, traders can identify Ocular Therapeutix entry and exit signals to maximize returns
Ocular Therapeutix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocular Therapeutix's price direction in advance. Along with the technical and fundamental analysis of Ocular Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocular 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 | (0.13) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.54) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocular Therapeutix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Ocular Stock please use our How to buy in Ocular Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocular Therapeutix. If investors know Ocular will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocular Therapeutix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ocular Therapeutix is measured differently than its book value, which is the value of Ocular that is recorded on the company's balance sheet. Investors also form their own opinion of Ocular Therapeutix's value that differs from its market value or its book value, called intrinsic value, which is Ocular Therapeutix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocular Therapeutix's market value can be influenced by many factors that don't directly affect Ocular Therapeutix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocular Therapeutix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocular Therapeutix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocular Therapeutix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.