Optical Cable Stock Market Value
| OCC Stock | USD 3.31 0.08 2.48% |
| Symbol | Optical |
Optical Cable Price To Book Ratio
Is Communications Equipment 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 Optical Cable. If investors know Optical 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 Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets | Return On Equity |
The market value of Optical Cable is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable'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 Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable'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 Optical Cable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optical Cable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable'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.
Optical Cable 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Optical Cable's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Optical Cable.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Optical Cable on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Optical Cable or generate 0.0% return on investment in Optical Cable over 90 days. Optical Cable is related to or competes with KVH Industries, Knowles Cor, Comtech Telecommunicatio, Lantronix, BK Technologies, Frequency Electronics, and Amplitech. Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communicat... More
Optical Cable Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Optical Cable's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Optical Cable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.74 | |||
| Information Ratio | 0.1254 | |||
| Maximum Drawdown | 73.76 | |||
| Value At Risk | (7.92) | |||
| Potential Upside | 20.5 |
Optical Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optical Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optical Cable's standard deviation. In reality, there are many statistical measures that can use Optical Cable historical prices to predict the future Optical Cable's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | 2.78 | |||
| Sortino Ratio | 0.2175 | |||
| Treynor Ratio | 0.3627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optical Cable'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.
Optical Cable Backtested Returns
Optical Cable is dangerous given 3 months investment horizon. Optical Cable maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12 % return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Optical Cable Risk Adjusted Performance of 0.1038, coefficient of variation of 891.93, and Semi Deviation of 4.71 to evaluate company specific risk that cannot be diversified away. Optical Cable holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of 3.05, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Optical Cable will likely underperform. Use Optical Cable maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to analyze future returns on Optical Cable.
Auto-correlation | -0.89 |
Excellent reverse predictability
Optical Cable has excellent reverse predictability. Overlapping area represents the amount of predictability between Optical Cable time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Optical Cable price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Optical Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Optical Cable lagged returns against current returns
Autocorrelation, which is Optical Cable stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Optical Cable's stock expected returns. We can calculate the autocorrelation of Optical Cable returns to help us make a trade decision. For example, suppose you find that Optical Cable has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Optical Cable regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Optical Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optical Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optical Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Optical Cable Lagged Returns
When evaluating Optical Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optical Cable stock have on its future price. Optical Cable autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Optical Cable autocorrelation shows the relationship between Optical Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Optical Cable.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Optical Cable offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Optical Cable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Optical Cable Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Optical Cable Stock:Check out Optical Cable Correlation, Optical Cable Volatility and Optical Cable Alpha and Beta module to complement your research on Optical Cable. For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Optical Cable 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.