Precision Optics, Stock Market Value
| POCI Stock | 5.03 0.29 5.45% |
| Symbol | Precision |
Precision Optics, Price To Book Ratio
Is Health Care Equipment & Supplies 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 Precision Optics,. If investors know Precision 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 Precision Optics, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Revenue Per Share 3.148 | Quarterly Revenue Growth (0.06) | Return On Assets (0.09) | Return On Equity (0.27) |
The market value of Precision Optics, is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Optics,'s value that differs from its market value or its book value, called intrinsic value, which is Precision Optics,'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 Precision Optics,'s market value can be influenced by many factors that don't directly affect Precision Optics,'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 Precision Optics,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Optics, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Optics,'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.
Precision Optics, '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 Precision Optics,'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 Precision Optics,.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Precision Optics, on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Precision Optics, or generate 0.0% return on investment in Precision Optics, over 30 days. Precision Optics, is related to or competes with Repro Med, InfuSystems Holdings, Utah Medical, Milestone Scientific, Sysmex Corp, Straumann Holding, and Coloplast A/S. Precision Optics, is entity of United States More
Precision Optics, 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 Precision Optics,'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 Precision Optics, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (6.99) | |||
| Potential Upside | 7.48 |
Precision Optics, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precision Optics,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precision Optics,'s standard deviation. In reality, there are many statistical measures that can use Precision Optics, historical prices to predict the future Precision Optics,'s volatility.| Risk Adjusted Performance | 0.0212 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0579 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precision Optics,'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.
Precision Optics, Backtested Returns
Precision Optics, is unstable at the moment. Precision Optics, maintains Sharpe Ratio (i.e., Efficiency) of 0.0083, which implies the firm had a 0.0083% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Precision Optics,, which you can use to evaluate the volatility of the company. Please check Precision Optics,'s Coefficient Of Variation of 5975.05, risk adjusted performance of 0.0212, and Semi Deviation of 4.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.0383%. The company holds a Beta of 1.16, 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, Precision Optics, will likely underperform. Precision Optics, right now holds a risk of 4.63%. Please check Precision Optics, jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Precision Optics, will be following its historical price patterns.
Auto-correlation | 0.20 |
Weak predictability
Precision Optics, has weak predictability. Overlapping area represents the amount of predictability between Precision Optics, time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Precision Optics, price movement. The serial correlation of 0.2 indicates that over 20.0% of current Precision Optics, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Precision Optics, lagged returns against current returns
Autocorrelation, which is Precision Optics, 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 Precision Optics,'s stock expected returns. We can calculate the autocorrelation of Precision Optics, returns to help us make a trade decision. For example, suppose you find that Precision Optics, 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 |
Precision Optics, 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 Precision Optics, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precision Optics, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precision Optics, stock over time.
Current vs Lagged Prices |
| Timeline |
Precision Optics, Lagged Returns
When evaluating Precision Optics,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precision Optics, stock have on its future price. Precision Optics, 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, Precision Optics, autocorrelation shows the relationship between Precision Optics, stock current value and its past values and can show if there is a momentum factor associated with investing in Precision Optics,.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Precision Optics, offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Precision Optics,'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 Precision Optics, Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Precision Optics, Stock:Check out Precision Optics, Correlation, Precision Optics, Volatility and Precision Optics, Alpha and Beta module to complement your research on Precision Optics,. For more detail on how to invest in Precision Stock please use our How to Invest in Precision Optics, guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Precision Optics, 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.