Owens Minor Stock Market Value
| OMI Stock | USD 25.57 1.34 5.53% |
| Symbol | Owens |
Is Owens Minor'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 Owens Minor. If investors know Owens 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 Owens Minor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor'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 Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor'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 Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Minor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor'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.
Owens Minor '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 Owens Minor'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 Owens Minor.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Owens Minor on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Owens Minor or generate 0.0% return on investment in Owens Minor over 90 days. Owens Minor is related to or competes with Henry Schein, Cardinal Health, Zynex, Patterson Companies, and McKesson. Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and i... More
Owens Minor 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 Owens Minor'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 Owens Minor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1318 | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.6 |
Owens Minor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Owens Minor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Owens Minor's standard deviation. In reality, there are many statistical measures that can use Owens Minor historical prices to predict the future Owens Minor's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.4022 | |||
| Total Risk Alpha | 0.0735 | |||
| Sortino Ratio | 0.1575 | |||
| Treynor Ratio | (6.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Owens Minor'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.
Owens Minor Backtested Returns
Owens Minor appears to be not too volatile, given 3 months investment horizon. Owens Minor maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Owens Minor, which you can use to evaluate the volatility of the company. Please evaluate Owens Minor's Risk Adjusted Performance of 0.1147, coefficient of variation of 580.82, and Semi Deviation of 1.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Owens Minor holds a performance score of 13. The company holds a Beta of -0.0627, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Owens Minor are expected to decrease at a much lower rate. During the bear market, Owens Minor is likely to outperform the market. Please check Owens Minor's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Owens Minor's historical price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Owens Minor has weak reverse predictability. Overlapping area represents the amount of predictability between Owens Minor time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 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 Owens Minor price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Owens Minor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Owens Minor lagged returns against current returns
Autocorrelation, which is Owens Minor 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 Owens Minor's stock expected returns. We can calculate the autocorrelation of Owens Minor returns to help us make a trade decision. For example, suppose you find that Owens Minor 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 |
Owens Minor 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 Owens Minor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Owens Minor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Owens Minor stock over time.
Current vs Lagged Prices |
| Timeline |
Owens Minor Lagged Returns
When evaluating Owens Minor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Owens Minor stock have on its future price. Owens Minor 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, Owens Minor autocorrelation shows the relationship between Owens Minor stock current value and its past values and can show if there is a momentum factor associated with investing in Owens Minor.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Owens Minor in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Owens Minor's short interest history, or implied volatility extrapolated from Owens Minor options trading.
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Complementary Tools for Owens Stock analysis
When running Owens Minor's price analysis, check to measure Owens Minor'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 Owens Minor is operating at the current time. Most of Owens Minor's value examination focuses on studying past and present price action to predict the probability of Owens Minor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Minor's price. Additionally, you may evaluate how the addition of Owens Minor to your portfolios can decrease your overall portfolio volatility.
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Owens Minor 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.