Omeros Stock Market Value
| OMER Stock | USD 3.09 0.01 0.32% |
| Symbol | Omeros |
Omeros Price To Book Ratio
Is Omeros' 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 Omeros. If investors know Omeros 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 Omeros listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.79) | Revenue Per Share (0.48) | Quarterly Revenue Growth 0.149 | Return On Assets (0.21) | Return On Equity (5.76) |
The market value of Omeros is measured differently than its book value, which is the value of Omeros that is recorded on the company's balance sheet. Investors also form their own opinion of Omeros' value that differs from its market value or its book value, called intrinsic value, which is Omeros' 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 Omeros' market value can be influenced by many factors that don't directly affect Omeros' 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 Omeros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Omeros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omeros' 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.
Omeros '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 Omeros' 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 Omeros.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Omeros on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Omeros or generate 0.0% return on investment in Omeros over 30 days. Omeros is related to or competes with Silver Spike, Alkermes Plc, Eagle Pharmaceuticals, and Evotec SE. Omeros Corporation, a commercial-stage biopharmaceutical company, discovers, develops, and commercializes small-molecule... More
Omeros 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 Omeros' 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 Omeros upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 36.28 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 9.94 |
Omeros Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omeros' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omeros' standard deviation. In reality, there are many statistical measures that can use Omeros historical prices to predict the future Omeros' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omeros' 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.
Omeros Backtested Returns
Omeros maintains Sharpe Ratio (i.e., Efficiency) of -0.0038, which implies the firm had a -0.0038% return per unit of risk over the last 3 months. Omeros exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omeros' Variance of 34.47, coefficient of variation of (3,189), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 3.69, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Omeros will likely underperform. Omeros has an expected return of -0.0224%. Please make sure to check Omeros treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Omeros performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Omeros has virtually no predictability. Overlapping area represents the amount of predictability between Omeros time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Omeros price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Omeros price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Omeros lagged returns against current returns
Autocorrelation, which is Omeros 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 Omeros' stock expected returns. We can calculate the autocorrelation of Omeros returns to help us make a trade decision. For example, suppose you find that Omeros 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 |
Omeros 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 Omeros stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omeros stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omeros stock over time.
Current vs Lagged Prices |
| Timeline |
Omeros Lagged Returns
When evaluating Omeros' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omeros stock have on its future price. Omeros 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, Omeros autocorrelation shows the relationship between Omeros stock current value and its past values and can show if there is a momentum factor associated with investing in Omeros.
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 Omeros 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, Omeros' short interest history, or implied volatility extrapolated from Omeros options trading.
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Try AI Portfolio ArchitectCheck out Omeros Correlation, Omeros Volatility and Omeros Alpha and Beta module to complement your research on Omeros. To learn how to invest in Omeros Stock, please use our How to Invest in Omeros guide.Note that the Omeros information on this page should be used as a complementary analysis to other Omeros' 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 the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Omeros Stock analysis
When running Omeros' price analysis, check to measure Omeros' 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 Omeros is operating at the current time. Most of Omeros' value examination focuses on studying past and present price action to predict the probability of Omeros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omeros' price. Additionally, you may evaluate how the addition of Omeros to your portfolios can decrease your overall portfolio volatility.
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Omeros 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.