Odyssey Marine Exploration Stock Market Value
| OMEX Stock | USD 5.14 0.02 0.39% |
| Symbol | Odyssey |
Odyssey Marine Explo Price To Book Ratio
Is Commercial Services & 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 Odyssey Marine. If investors know Odyssey 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 Odyssey Marine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.03) | Revenue Per Share 0.036 | Quarterly Revenue Growth (0.30) | Return On Assets (0.45) |
The market value of Odyssey Marine Explo is measured differently than its book value, which is the value of Odyssey that is recorded on the company's balance sheet. Investors also form their own opinion of Odyssey Marine's value that differs from its market value or its book value, called intrinsic value, which is Odyssey Marine'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 Odyssey Marine's market value can be influenced by many factors that don't directly affect Odyssey Marine'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 Odyssey Marine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Odyssey Marine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Odyssey Marine'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.
Odyssey Marine '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 Odyssey Marine'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 Odyssey Marine.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Odyssey Marine on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Odyssey Marine Exploration or generate 0.0% return on investment in Odyssey Marine over 90 days. Odyssey Marine is related to or competes with Landsea Homes, Forestar, Five Point, and American Realty. Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor resources ... More
Odyssey Marine 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 Odyssey Marine'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 Odyssey Marine Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.077 | |||
| Maximum Drawdown | 18.32 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 5.13 |
Odyssey Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odyssey Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odyssey Marine's standard deviation. In reality, there are many statistical measures that can use Odyssey Marine historical prices to predict the future Odyssey Marine's volatility.| Risk Adjusted Performance | 0.057 | |||
| Jensen Alpha | 0.2804 | |||
| Total Risk Alpha | 0.3183 | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Odyssey Marine'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.
Odyssey Marine Explo Backtested Returns
Odyssey Marine appears to be slightly risky, given 3 months investment horizon. Odyssey Marine Explo maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Odyssey Marine Explo, which you can use to evaluate the volatility of the company. Please evaluate Odyssey Marine's Risk Adjusted Performance of 0.057, coefficient of variation of 1278.95, and Semi Deviation of 3.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Odyssey Marine holds a performance score of 8. The company holds a Beta of -0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Odyssey Marine are expected to decrease at a much lower rate. During the bear market, Odyssey Marine is likely to outperform the market. Please check Odyssey Marine's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Odyssey Marine's historical price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Odyssey Marine Exploration has very good reverse predictability. Overlapping area represents the amount of predictability between Odyssey Marine time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Odyssey Marine Explo price movement. The serial correlation of -0.67 indicates that around 67.0% of current Odyssey Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Odyssey Marine Explo lagged returns against current returns
Autocorrelation, which is Odyssey Marine 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 Odyssey Marine's stock expected returns. We can calculate the autocorrelation of Odyssey Marine returns to help us make a trade decision. For example, suppose you find that Odyssey Marine 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 |
Odyssey Marine 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 Odyssey Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odyssey Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odyssey Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Odyssey Marine Lagged Returns
When evaluating Odyssey Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odyssey Marine stock have on its future price. Odyssey Marine 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, Odyssey Marine autocorrelation shows the relationship between Odyssey Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Odyssey Marine Exploration.
Regressed Prices |
| Timeline |
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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.Additional Tools for Odyssey Stock Analysis
When running Odyssey Marine's price analysis, check to measure Odyssey Marine'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 Odyssey Marine is operating at the current time. Most of Odyssey Marine's value examination focuses on studying past and present price action to predict the probability of Odyssey Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Marine's price. Additionally, you may evaluate how the addition of Odyssey Marine to your portfolios can decrease your overall portfolio volatility.