Optimizerx Corp Stock Market Value
| OPRX Stock | USD 11.12 0.17 1.51% |
| Symbol | OPTIMIZERx |
OPTIMIZERx Corp Price To Book Ratio
Is Health Care Technology space 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 OPTIMIZERx Corp. If investors know OPTIMIZERx 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 OPTIMIZERx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.67) | Earnings Share (1.04) | Revenue Per Share 4.496 | Quarterly Revenue Growth 0.514 | Return On Assets (0.05) |
The market value of OPTIMIZERx Corp is measured differently than its book value, which is the value of OPTIMIZERx that is recorded on the company's balance sheet. Investors also form their own opinion of OPTIMIZERx Corp's value that differs from its market value or its book value, called intrinsic value, which is OPTIMIZERx Corp'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 OPTIMIZERx Corp's market value can be influenced by many factors that don't directly affect OPTIMIZERx Corp'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 OPTIMIZERx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OPTIMIZERx Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OPTIMIZERx Corp'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.
OPTIMIZERx Corp '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 OPTIMIZERx Corp'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 OPTIMIZERx Corp.
| 05/10/2024 |
| 06/09/2024 |
If you would invest 0.00 in OPTIMIZERx Corp on May 10, 2024 and sell it all today you would earn a total of 0.00 from holding OPTIMIZERx Corp or generate 0.0% return on investment in OPTIMIZERx Corp over 30 days. OPTIMIZERx Corp is related to or competes with National Research, Simulations Plus, Privia Health, HealthStream, Certara, Phreesia, and Forian. OptimizeRx Corporation, a digital health technology company, provides various solutions to life sciences organizations, ... More
OPTIMIZERx Corp 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 OPTIMIZERx Corp'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 OPTIMIZERx Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 29.7 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 3.99 |
OPTIMIZERx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPTIMIZERx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OPTIMIZERx Corp's standard deviation. In reality, there are many statistical measures that can use OPTIMIZERx Corp historical prices to predict the future OPTIMIZERx Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OPTIMIZERx Corp'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.
OPTIMIZERx Corp Backtested Returns
OPTIMIZERx Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0902, which implies the firm had a -0.0902% return per unit of standard deviation over the last 3 months. OPTIMIZERx Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OPTIMIZERx Corp's Coefficient Of Variation of (1,208), market risk adjusted performance of (0.17), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 2.3, 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, OPTIMIZERx Corp will likely underperform. At this point, OPTIMIZERx Corp has a negative expected return of -0.44%. Please make sure to check OPTIMIZERx Corp's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if OPTIMIZERx Corp performance from the past will be repeated at some future point.
Auto-correlation | -0.65 |
Very good reverse predictability
OPTIMIZERx Corp has very good reverse predictability. Overlapping area represents the amount of predictability between OPTIMIZERx Corp time series from 10th of May 2024 to 25th of May 2024 and 25th of May 2024 to 9th of June 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 OPTIMIZERx Corp price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current OPTIMIZERx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
OPTIMIZERx Corp lagged returns against current returns
Autocorrelation, which is OPTIMIZERx Corp 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 OPTIMIZERx Corp's stock expected returns. We can calculate the autocorrelation of OPTIMIZERx Corp returns to help us make a trade decision. For example, suppose you find that OPTIMIZERx Corp 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 |
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OPTIMIZERx Corp 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 OPTIMIZERx Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OPTIMIZERx Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OPTIMIZERx Corp stock over time.
Current vs Lagged Prices |
| Timeline |
OPTIMIZERx Corp Lagged Returns
When evaluating OPTIMIZERx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OPTIMIZERx Corp stock have on its future price. OPTIMIZERx Corp 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, OPTIMIZERx Corp autocorrelation shows the relationship between OPTIMIZERx Corp stock current value and its past values and can show if there is a momentum factor associated with investing in OPTIMIZERx Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for OPTIMIZERx Stock Analysis
When running OPTIMIZERx Corp's price analysis, check to measure OPTIMIZERx Corp'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 OPTIMIZERx Corp is operating at the current time. Most of OPTIMIZERx Corp's value examination focuses on studying past and present price action to predict the probability of OPTIMIZERx Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OPTIMIZERx Corp's price. Additionally, you may evaluate how the addition of OPTIMIZERx Corp to your portfolios can decrease your overall portfolio volatility.