Optical Stock Buy Hold or Sell Recommendation

OCC
 Stock
  

USD 3.40  0.21  5.82%   

Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Optical Cable Corp is 'Sell'. Macroaxis provides Optical Cable buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OCC positions. The advice algorithm takes into account all of Optical Cable's available fundamental, technical, and predictive indicators you will find on this site.
  
Refresh
The advice is provided from Optical Cable's buy-and-hold perspective. Please check Optical Cable Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Optical and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Optical Cable Corp.

Execute Optical Cable Buy or Sell Advice

The Optical recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Optical Cable Corp. Macroaxis does not own or have any residual interests in Optical Cable Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Optical Cable's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Optical CableBuy Optical Cable
Sell

Volatility

RiskyDetails

Hype Condition

Under hypedDetails

Current Valuation

OvervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Optical Cable Corp has a Mean Deviation of 2.9, Standard Deviation of 4.0 and Variance of 16.01
We provide trade recommendations to complement the recent expert consensus on Optical Cable Corp. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Optical Cable is not overpriced, please check all Optical Cable Corp fundamentals, including its cash per share, short ratio, and the relationship between the ebitda and current ratio . Given that Optical Cable Corp has a number of shares shorted of 7.54 K, we recommend you to check out Optical Cable Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Optical Cable Trading Alerts and Improvement Suggestions

Optical Cable Corp generated a negative expected return over the last 90 days
Optical Cable Corp has high historical volatility and very poor performance
Optical Cable Corp has about 138 K in cash with (273.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Roughly 36.0% of the company outstanding shares are owned by corporate insiders
Latest headline from indiandefencenews.info: Scope of Multimode Fiber Industry 2022-2028 Market Analysis with Trends and Opportunities OFS Fitel, Belden, AFL, Optical Cable Corporation , Berk-Tek Leviton, CommScope, and more Affluence Indian Defence News - Indian Defence News

Optical Cable Returns Distribution Density

The distribution of Optical Cable's historical returns is an attempt to chart the future uncertainty of Optical Cable's future price movements. The chart of the probability distribution of Optical Cable stock daily returns describes the distribution of returns around its average expected value. We use Optical Cable Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Optical Cable returns is essential to provide solid investment advice for Optical Cable stock.
Mean Return-0.33Value At Risk-5.82
Potential Upside6.55Standard Deviation4.00
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Optical Cable historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Optical Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Optical Cable is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Optical Cable Corp backward and forwards among themselves. Optical Cable's institutional investor refers to the entity that pools money to purchase Optical Cable's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Dimensional Fund Advisors LpCommon Shares343.4 K1.5 M
Vanguard Group IncCommon Shares194 K823 K
Renaissance Technologies LlcCommon Shares144.8 K614 K
Royal Bank Of CanadaCommon Shares114.9 K487 K
Wilbanks Smith Thomas Asset Management LlcCommon Shares123.8 K454 K
Rbf Capital LlcCommon Shares32.5 K144 K
Bridgeway Capital Management LlcCommon Shares27.6 K117 K
Note, although Optical Cable's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Optical Cable Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Optical Cable or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Optical Cable stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Optical stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.2
β
Beta against DOW0.72
σ
Overall volatility
4.04
Ir
Information ratio -0.04

Optical Cable Volatility Alert

Optical Cable Corp exhibits very low volatility with skewness of 1.33 and kurtosis of 4.55. However, we advise investors to further study Optical Cable Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Optical Cable's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Optical Cable's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Optical Cable Implied Volatility

Optical Cable's implied volatility exposes the market's sentiment of Optical Cable Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Optical Cable's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Optical Cable stock will not fluctuate a lot when Optical Cable's options are near their expiration.

Optical Cable Fundamentals Vs Peers

Comparing Optical Cable's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Optical Cable's direct or indirect competition across all of the common fundamentals between Optical Cable and the related equities. This way, we can detect undervalued stocks with similar characteristics as Optical Cable or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Optical Cable's fundamental indicators could also be used in its relative valuation, which is a method of valuing Optical Cable by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Optical Cable to competition
FundamentalsOptical CablePeer Average
Return On Equity45.38 %(0.31) %
Return On Asset(1.22) %(0.14) %
Profit Margin12.67 %(1.27) %
Operating Margin(1.17) %(5.51) %
Current Valuation40.03 M16.62 B
Shares Outstanding7.87 M571.82 M
Shares Owned by Insiders36.41 %10.09 %
Shares Owned by Institutions13.26 %39.21 %
Number of Shares Shorted7.54 K4.71 M
Price to Earning4.14 X28.72 X
Price to Book1.28 X9.51 X
Price to Sales0.46 X11.42 X
Revenue61.7 M9.43 B
Gross Profit16.27 M27.38 B
EBITDA444.14 K3.9 B
Net Income7.82 M570.98 M
Cash and Equivalents138 K2.7 B
Cash per Share0.02 X5.01 X
Total Debt11.52 M5.32 B
Debt to Equity0.54 %48.70 %
Current Ratio4.26 X2.16 X
Book Value Per Share2.81 X1.93 K
Cash Flow from Operations(273.35 K)971.22 M
Short Ratio0.80 X4.00 X
Earnings Per Share0.87 X3.12 X
Number of Employees32218.84 K
Beta0.58-0.15
Market Capitalization28.42 M19.03 B
Total Asset40.67 M29.47 B
Retained Earnings6.82 M9.33 B
Working Capital22.2 M1.48 B
Current Asset26.32 M9.34 B
Current Liabilities4.13 M7.9 B
   Payment of 1668 shares by John Holland of Optical Cable subject to Rule 16b-3 [view details]

Optical Cable Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Optical . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution412.81
Daily Balance Of Power(1.11)
Rate Of Daily Change0.94
Day Median Price3.5
Day Typical Price3.46
Market Facilitation Index0.0
Price Action Indicator(0.20)

About Optical Cable Buy or Sell Advice

When is the right time to buy or sell Optical Cable Corp? Buying financial instruments such as Optical Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Optical Cable investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Optical Cable in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Raw Materials Thematic Idea Now

Raw Materials
Raw Materials Theme
Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 12 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
View All  Next Launch Raw Materials
Please check Optical Cable Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Optical Cable Corp information on this page should be used as a complementary analysis to other Optical Cable's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Optical Stock analysis

When running Optical Cable Corp price analysis, check to measure Optical Cable'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 Optical Cable is operating at the current time. Most of Optical Cable's value examination focuses on studying past and present price action to predict the probability of Optical Cable's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Optical Cable's price. Additionally, you may evaluate how the addition of Optical Cable to your portfolios can decrease your overall portfolio volatility.
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Is Optical Cable's industry 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 Optical Cable. If investors know Optical 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 Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
26.8 M
Quarterly Revenue Growth YOY
0.093
Return On Assets
-0.0153
Return On Equity
0.22
The market value of Optical Cable Corp is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable'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 Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable'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 Optical Cable's value and its price as these two are different measures arrived at by different means. Investors typically determine Optical Cable value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable'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.