Optimism Price Hits 1.90 on Exchanges
| OP Stock | USD 1.22 0.02 1.61% |
Slightly above 61% of Oceanpal's investor base is looking to short. The current sentiment of investing in Oceanpal suggests that many traders are alarmed. Oceanpal's investing sentiment overview a quick insight into current market opportunities from investing in Oceanpal. Many technical investors use Oceanpal stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Oceanpal |
Optimism traded up 6.1 percent against the dollar during the one day period ending at 700 AM Eastern on December 24th. One Optimism token can now be purchased for about 1.90 or 0.00002020 BTC on major exchanges. During the last seven days, Optimism has traded 22.9 percent lower against the dollar. Optimism has a total market
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Oceanpal Fundamental Analysis
We analyze Oceanpal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Oceanpal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Oceanpal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Oceanpal is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Oceanpal Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oceanpal stock to make a market-neutral strategy. Peer analysis of Oceanpal could also be used in its relative valuation, which is a method of valuing Oceanpal by comparing valuation metrics with similar companies.
Peers
Oceanpal Related Equities
| USEA | United Maritime | 2.75 | ||||
| CICOY | COSCO SHIPPING | 1.73 | ||||
| GNK | Genco Shipping | 0.77 | ||||
| OROVF | Orient Overseas | 0.00 | ||||
| SBLK | Star Bulk | 0.27 | ||||
| SHIP | Seanergy Maritime | 0.28 | ||||
| MSLOY | Mitsui OSK | 1.04 | ||||
| GOGL | Golden Ocean | 1.45 | ||||
| CTRM | Castor Maritime | 2.14 | ||||
| ESEA | Euroseas | 2.22 | ||||
| GLBS | Globus Maritime | 2.24 | ||||
| AMKBY | AP Moeller | 2.75 | ||||
| TOPS | TOP Ships | 3.43 | ||||
| PSHG | Performance Shipping | 3.91 | ||||
| HPGLY | Hapag Lloyd | 7.46 |
Additional Tools for Oceanpal Stock Analysis
When running Oceanpal's price analysis, check to measure Oceanpal'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 Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.