Omni Lite Industries Canada Stock Today
| OML Stock | CAD 0.85 0.16 23.19% |
Performance11 of 100
| Odds Of DistressLess than 16
|
Omni Lite is selling for under 0.85 as of the 19th of April 2024; that is 23.19 percent increase since the beginning of the trading day. The stock's lowest day price was 0.72. Omni Lite has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Omni Lite Industries Canada are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | Category Industrials |
Omni-Lite Industries Canada Inc. develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. was founded in 1992 and is headquartered in Cerritos, California. The company has 15.41 M outstanding shares of which 558 shares are now shorted by private and institutional investors with about 0.14 days to cover all short positions. More on Omni Lite Industries Canada
Moving together with Omni Stock
| 0.68 | CEF | Sprott Physical Gold | PairCorr |
Moving against Omni Stock
| 0.74 | PVF-UN | Partners Value Inves | PairCorr |
| 0.67 | CSOC-A | Canso Select Opportu | PairCorr |
| 0.62 | SLF-PD | Sun Life Financial | PairCorr |
| 0.61 | SLF-PC | Sun Life Financial | PairCorr |
| 0.49 | MFC-PC | Manulife Finl Srs | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Omni Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Omni Lite's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Omni Lite or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO, Director | David Robbins | ||||
| Business Concentration | Industrial Machinery & Supplies & Components, Metal Fabrication, Industrials, Industrials, Machinery, Metal Fabrication, Industrials (View all Sectors) | ||||
Omni Lite's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Omni Lite's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Omni Lite's financial leverage. It provides some insight into what part of Omni Lite's total assets is financed by creditors.
| |||||
Omni Lite Industries Canada (OML) is traded on TSX Venture Exchange in Canada and employs 17 people. Omni Lite is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 13.1 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Omni Lite's market, we take the total number of its shares issued and multiply it by Omni Lite's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Omni Lite Industries classifies itself under Machinery sector and is part of Industrials industry. The entity has 15.41 M outstanding shares of which 558 shares are now shorted by private and institutional investors with about 0.14 days to cover all short positions.
Omni Lite Industries Canada has accumulated about 148.29 K in cash with 907.05 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Omni Lite Probability Of Bankruptcy
Ownership AllocationOmni Lite Industries has a total of 15.41 Million outstanding shares. Omni Lite holds 9.82 pct. of its outstanding shares held by insiders and 0.0 pct. owned by third-party entities. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Omni Ownership Details
Omni Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Omni Lite jumping above the current price in 90 days from now is near 1%. The Omni Lite Industries Canada probability density function shows the probability of Omni Lite stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Omni Lite Industries Canada has a beta of -0.4019. This indicates as returns on the benchmark increase, returns on holding Omni Lite are expected to decrease at a much lower rate. During a bear market, however, Omni Lite Industries Canada is likely to outperform the market. Additionally, omni Lite Industries Canada has an alpha of 0.466, implying that it can generate a 0.47 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Omni Lite to move above the current price in 90 days from now is near 1 (This Omni Lite Industries Canada probability density function shows the probability of Omni Stock to fall within a particular range of prices over 90 days) .
Omni Lite Industries Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Omni Lite market risk premium is the additional return an investor will receive from holding Omni Lite long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Omni Lite. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Omni Lite's alpha and beta are two of the key measurements used to evaluate Omni Lite's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.24 | |||
| Semi Deviation | 0.3425 | |||
| Standard Deviation | 3.21 | |||
| Variance | 10.29 |
Omni Stock Against Markets
Picking the right benchmark for Omni Lite stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Omni Lite stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Omni Lite is critical whether you are bullish or bearish towards Omni Lite Industries Canada at a given time. Please also check how Omni Lite's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Omni Lite without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Options Analysis Now
Options AnalysisAnalyze and evaluate options and option chains as a potential hedge for your portfolios |
| All Next | Launch Module |
Omni Lite Corporate Executives
Elected by the shareholders, the Omni Lite's board of directors comprises two types of representatives: Omni Lite inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Omni. The board's role is to monitor Omni Lite's management team and ensure that shareholders' interests are well served. Omni Lite's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Omni Lite's outside directors are responsible for providing unbiased perspectives on the board's policies.
How to buy Omni Stock?
Before investing in Omni Lite, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Omni Lite. To buy Omni Lite stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Omni Lite. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Omni Lite stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Omni Lite Industries Canada stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Omni Lite Industries Canada stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Omni Lite Industries Canada, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Omni Lite Industries Canada?
The danger of trading Omni Lite Industries Canada is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Omni Lite is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Omni Lite. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Omni Lite Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Omni Stock analysis
When running Omni Lite's price analysis, check to measure Omni Lite'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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Global Correlations Find global opportunities by holding instruments from different markets |