Oceaneering International Stock Market Value
| OII Stock | USD 20.14 0.58 2.97% |
| Symbol | Oceaneering |
Oceaneering International Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Oceaneering International. If investors know Oceaneering 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 Oceaneering International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.279 | Earnings Share 1.44 | Revenue Per Share | Quarterly Revenue Growth 0.09 | Return On Assets |
The market value of Oceaneering International is measured differently than its book value, which is the value of Oceaneering that is recorded on the company's balance sheet. Investors also form their own opinion of Oceaneering International's value that differs from its market value or its book value, called intrinsic value, which is Oceaneering International'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 Oceaneering International's market value can be influenced by many factors that don't directly affect Oceaneering International'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 Oceaneering International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oceaneering International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceaneering International'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.
Oceaneering International '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 Oceaneering International'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 Oceaneering International.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Oceaneering International on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Oceaneering International or generate 0.0% return on investment in Oceaneering International over 90 days. Oceaneering International is related to or competes with Helix Energy, RPC, Oil States, ChampionX, TechnipFMC PLC, Now, and Geospace Technologies. Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, de... More
Oceaneering International 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 Oceaneering International'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 Oceaneering International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 2.79 |
Oceaneering International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oceaneering International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oceaneering International's standard deviation. In reality, there are many statistical measures that can use Oceaneering International historical prices to predict the future Oceaneering International's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.55) |
Oceaneering International Backtested Returns
Oceaneering International maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15 % return per unit of risk over the last 3 months. Oceaneering International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceaneering International's Risk Adjusted Performance of (0.19), variance of 5.28, and Coefficient Of Variation of (429.32) to confirm the risk estimate we provide. The company holds a Beta of 0.99, which implies possible diversification benefits within a given portfolio. Oceaneering International returns are very sensitive to returns on the market. As the market goes up or down, Oceaneering International is expected to follow. At this point, Oceaneering International has a negative expected return of -0.36%. Please make sure to check Oceaneering International's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Oceaneering International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Oceaneering International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oceaneering International 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 Oceaneering International price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Oceaneering International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 5.34 |
Oceaneering International lagged returns against current returns
Autocorrelation, which is Oceaneering International 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 Oceaneering International's stock expected returns. We can calculate the autocorrelation of Oceaneering International returns to help us make a trade decision. For example, suppose you find that Oceaneering International 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 |
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Oceaneering International 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 Oceaneering International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oceaneering International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oceaneering International stock over time.
Current vs Lagged Prices |
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Oceaneering International Lagged Returns
When evaluating Oceaneering International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oceaneering International stock have on its future price. Oceaneering International 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, Oceaneering International autocorrelation shows the relationship between Oceaneering International stock current value and its past values and can show if there is a momentum factor associated with investing in Oceaneering International.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Oceaneering International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oceaneering International'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 Oceaneering International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceaneering International Stock:Check out Oceaneering International Correlation, Oceaneering International Volatility and Oceaneering International Alpha and Beta module to complement your research on Oceaneering International. For more detail on how to invest in Oceaneering Stock please use our How to Invest in Oceaneering International guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Oceaneering International 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.