Correlation
The correlation between OMEX and OPTT is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OMEX vs. OPTT
Compare and contrast key facts about Odyssey Marine Exploration, Inc. (OMEX) and Ocean Power Technologies, Inc. (OPTT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OMEX or OPTT.
Performance
OMEX vs. OPTT - Performance Comparison
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Key characteristics
OMEX:
-0.30
OPTT:
0.73
OMEX:
1.47
OPTT:
2.73
OMEX:
1.23
OPTT:
1.36
OMEX:
-0.84
OPTT:
1.34
OMEX:
-1.11
OPTT:
2.30
OMEX:
75.29%
OPTT:
58.40%
OMEX:
280.39%
OPTT:
214.54%
OMEX:
-99.70%
OPTT:
-100.00%
OMEX:
-99.22%
OPTT:
-99.99%
Fundamentals
OMEX:
$26.24M
OPTT:
$86.10M
OMEX:
$0.27
OPTT:
-$0.25
OMEX:
0.00
OPTT:
0.00
OMEX:
37.46
OPTT:
14.08
OMEX:
0.00
OPTT:
3.07
OMEX:
$700.61K
OPTT:
$4.54M
OMEX:
-$2.09M
OPTT:
$1.44M
OMEX:
$10.94M
OPTT:
-$13.63M
Returns By Period
In the year-to-date period, OMEX achieves a 8.57% return, which is significantly higher than OPTT's -53.60% return. Over the past 10 years, OMEX has outperformed OPTT with an annualized return of -19.14%, while OPTT has yielded a comparatively lower -42.41% annualized return.
OMEX
8.57%
-42.52%
68.47%
-83.40%
-41.02%
-29.06%
-19.14%
OPTT
-53.60%
15.44%
-5.34%
154.46%
-14.23%
2.46%
-42.41%
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Risk-Adjusted Performance
OMEX vs. OPTT — Risk-Adjusted Performance Rank
OMEX
OPTT
OMEX vs. OPTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Odyssey Marine Exploration, Inc. (OMEX) and Ocean Power Technologies, Inc. (OPTT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
OMEX vs. OPTT - Dividend Comparison
Neither OMEX nor OPTT has paid dividends to shareholders.
Drawdowns
OMEX vs. OPTT - Drawdown Comparison
The maximum OMEX drawdown since its inception was -99.70%, roughly equal to the maximum OPTT drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for OMEX and OPTT.
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Volatility
OMEX vs. OPTT - Volatility Comparison
Odyssey Marine Exploration, Inc. (OMEX) and Ocean Power Technologies, Inc. (OPTT) have volatilities of 32.33% and 31.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
OMEX vs. OPTT - Financials Comparison
This section allows you to compare key financial metrics between Odyssey Marine Exploration, Inc. and Ocean Power Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities