Onemain Holdings Stock Technical Analysis

OMF Stock  USD 47.24  0.20  0.42%   
As of the 17th of April 2024, OneMain Holdings holds the Risk Adjusted Performance of 0.0617, semi deviation of 1.75, and Coefficient Of Variation of 1137.79. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of OneMain Holdings, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have collected data for nineteen technical drivers for OneMain Holdings, which can be compared to its competitors. Please check OneMain Holdings variance, as well as the relationship between the maximum drawdown and semi variance to decide if OneMain Holdings is priced some-what accurately, providing market reflects its current price of 47.24 per share. Given that OneMain Holdings has jensen alpha of 0.0738, we recommend you to check out OneMain Holdings's recent market performance to make sure the company can sustain itself at a future point.

OneMain Holdings Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as OneMain, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OneMain
  
OneMain Holdings' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
OneMain Holdings 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.
A focus of OneMain Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of OneMain Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

OneMain Holdings Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of OneMain Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

OneMain Holdings Trend Analysis

Use this graph to draw trend lines for OneMain Holdings. You can use it to identify possible trend reversals for OneMain Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual OneMain Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

OneMain Holdings Best Fit Change Line

The following chart estimates an ordinary least squares regression model for OneMain Holdings applied against its price change over selected period. The best fit line has a slop of   0.06  , which may imply that OneMain Holdings will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 158.08, which is the sum of squared deviations for the predicted OneMain Holdings price change compared to its average price change.

About OneMain Holdings Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of OneMain Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of OneMain Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on OneMain Holdings price pattern first instead of the macroeconomic environment surrounding OneMain Holdings. By analyzing OneMain Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of OneMain Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to OneMain Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.

OneMain Holdings April 17, 2024 Technical Indicators

Most technical analysis of OneMain help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for OneMain from various momentum indicators to cycle indicators. When you analyze OneMain charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

OneMain Holdings April 17, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as OneMain stock. With literally thousands of 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.
When determining whether OneMain Holdings is a strong investment it is important to analyze OneMain Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OneMain Holdings' future performance. For an informed investment choice regarding OneMain Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMain Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in OneMain Stock please use our How to Invest in OneMain Holdings guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for OneMain Stock analysis

When running OneMain Holdings' price analysis, check to measure OneMain Holdings' 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 OneMain Holdings is operating at the current time. Most of OneMain Holdings' value examination focuses on studying past and present price action to predict the probability of OneMain Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OneMain Holdings' price. Additionally, you may evaluate how the addition of OneMain Holdings to your portfolios can decrease your overall portfolio volatility.
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Is OneMain Holdings' 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 OneMain Holdings. If investors know OneMain 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 OneMain Holdings 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 OneMain Holdings is measured differently than its book value, which is the value of OneMain that is recorded on the company's balance sheet. Investors also form their own opinion of OneMain Holdings' value that differs from its market value or its book value, called intrinsic value, which is OneMain Holdings' 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 OneMain Holdings' market value can be influenced by many factors that don't directly affect OneMain Holdings' 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 OneMain Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMain Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMain Holdings' 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.