Ovation Science Stock Performance
| OVATF Stock | USD 0.02 0.00 0.00% |
On a scale of 0 to 100, Ovation Science holds a performance score of 2. The company holds a Beta of -4.85, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ovation Science are expected to decrease by larger amounts. On the other hand, during market turmoil, Ovation Science is expected to outperform it. Please check Ovation Science's variance, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Ovation Science's historical price patterns will revert.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Ovation Science are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Ovation Science reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 380.6 K |
Ovation |
Ovation Science Relative Risk vs. Return Landscape
If you would invest 4.37 in Ovation Science on October 22, 2024 and sell it today you would lose (2.79) from holding Ovation Science or give up 63.84% of portfolio value over 90 days. Ovation Science is currently producing 0.8075% returns and takes up 26.2486% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Ovation, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ovation Science Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovation Science's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Ovation Science, and traders can use it to determine the average amount a Ovation Science's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0308
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OVATF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 26.25 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Ovation Science is performing at about 2% of its full potential. 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 Ovation Science by adding it to a well-diversified portfolio.
Ovation Science Fundamentals Growth
Ovation Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Ovation Science, and Ovation Science fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ovation Pink Sheet performance.
| Return On Equity | -1.88 | |||
| Return On Asset | -0.74 | |||
| Operating Margin | (11.43) % | |||
| Current Valuation | 537.31 K | |||
| Shares Outstanding | 29.37 M | |||
| Price To Book | 10.86 X | |||
| Price To Sales | 4.87 X | |||
| Revenue | 224.95 K | |||
| EBITDA | (2.39 M) | |||
| Cash And Equivalents | 321.68 K | |||
| Cash Per Share | 0.01 X | |||
| Debt To Equity | 0.07 % | |||
| Book Value Per Share | 0 X | |||
| Cash Flow From Operations | (885.75 K) | |||
| Earnings Per Share | (0.06) X | |||
| Total Asset | 769.9 K | |||
About Ovation Science Performance
By analyzing Ovation Science's fundamental ratios, stakeholders can gain valuable insights into Ovation Science's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ovation Science has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ovation Science has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ovation Science Inc. engages in the production of cannabis or hemp products in Canada, the United States, and Mexico. Ovation Science Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. Ovation Science is traded on OTC Exchange in the United States.Things to note about Ovation Science performance evaluation
Checking the ongoing alerts about Ovation Science for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Ovation Science help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ovation Science is way too risky over 90 days horizon | |
| Ovation Science has some characteristics of a very speculative penny stock | |
| Ovation Science appears to be risky and price may revert if volatility continues | |
| Ovation Science has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 224.95 K. Net Loss for the year was (2.39 M) with profit before overhead, payroll, taxes, and interest of 520.79 K. | |
| Ovation Science has accumulated about 321.68 K in cash with (885.75 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Ovation Science's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ovation Science's stock is overvalued or undervalued compared to its peers.
- Examining Ovation Science's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ovation Science's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ovation Science's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ovation Science's pink sheet. These opinions can provide insight into Ovation Science's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Ovation Pink Sheet analysis
When running Ovation Science's price analysis, check to measure Ovation Science'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 Ovation Science is operating at the current time. Most of Ovation Science's value examination focuses on studying past and present price action to predict the probability of Ovation Science's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovation Science's price. Additionally, you may evaluate how the addition of Ovation Science to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |