Osi Systems Stock Market Value
| OSIS Stock | USD 139.46 3.18 2.33% |
| Symbol | OSI |
OSI Systems Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 OSI Systems. If investors know OSI 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 OSI Systems 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 0.535 | Earnings Share 7.28 | Revenue Per Share 86.966 | Quarterly Revenue Growth 0.338 | Return On Assets 0.0681 |
The market value of OSI Systems is measured differently than its book value, which is the value of OSI that is recorded on the company's balance sheet. Investors also form their own opinion of OSI Systems' value that differs from its market value or its book value, called intrinsic value, which is OSI Systems' 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 OSI Systems' market value can be influenced by many factors that don't directly affect OSI Systems' 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 OSI Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if OSI Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OSI Systems' 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.
OSI Systems '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 OSI Systems' 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 OSI Systems.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in OSI Systems on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding OSI Systems or generate 0.0% return on investment in OSI Systems over 90 days. OSI Systems is related to or competes with Sanmina, Benchmark Electronics, Methode Electronics, Celestica, Plexus Corp, CTS, and LSI Industries. OSI Systems, Inc. designs and manufactures electronic systems and components worldwide More
OSI Systems 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 OSI Systems' 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 OSI Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.81 |
OSI Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OSI Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OSI Systems' standard deviation. In reality, there are many statistical measures that can use OSI Systems historical prices to predict the future OSI Systems' volatility.| Risk Adjusted Performance | 0.0514 | |||
| Jensen Alpha | 0.1135 | |||
| Total Risk Alpha | 0.1088 | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | 0.0698 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OSI Systems' 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.
OSI Systems Backtested Returns
We consider OSI Systems very steady. OSI Systems maintains Sharpe Ratio (i.e., Efficiency) of 0.0426, which implies the firm had a 0.0426% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for OSI Systems, which you can use to evaluate the volatility of the company. Please check OSI Systems' risk adjusted performance of 0.0514, and Semi Deviation of 1.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0779%. OSI Systems has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 1.72, 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, OSI Systems will likely underperform. OSI Systems currently holds a risk of 1.83%. Please check OSI Systems treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if OSI Systems will be following its historical price patterns.
Auto-correlation | 0.40 |
Average predictability
OSI Systems has average predictability. Overlapping area represents the amount of predictability between OSI Systems time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th 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 OSI Systems price movement. The serial correlation of 0.4 indicates that just about 40.0% of current OSI Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 10.83 |
OSI Systems lagged returns against current returns
Autocorrelation, which is OSI Systems 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 OSI Systems' stock expected returns. We can calculate the autocorrelation of OSI Systems returns to help us make a trade decision. For example, suppose you find that OSI Systems 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 |
OSI Systems 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 OSI Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OSI Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OSI Systems stock over time.
Current vs Lagged Prices |
| Timeline |
OSI Systems Lagged Returns
When evaluating OSI Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OSI Systems stock have on its future price. OSI Systems 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, OSI Systems autocorrelation shows the relationship between OSI Systems stock current value and its past values and can show if there is a momentum factor associated with investing in OSI Systems.
Regressed Prices |
| Timeline |
Pair Trading with OSI Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OSI Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OSI Systems will appreciate offsetting losses from the drop in the long position's value.Moving against OSI Stock
| 0.4 | LPL | LG Display | PairCorr |
| 0.37 | OCC | Optical Cable | PairCorr |
| 0.31 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
| 0.31 | MOB | Mobilicom Limited | PairCorr |
The ability to find closely correlated positions to OSI Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OSI Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OSI Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OSI Systems to buy it.
The correlation of OSI Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OSI Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OSI Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OSI Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for OSI Stock Analysis
When running OSI Systems' price analysis, check to measure OSI Systems' 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 OSI Systems is operating at the current time. Most of OSI Systems' value examination focuses on studying past and present price action to predict the probability of OSI Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OSI Systems' price. Additionally, you may evaluate how the addition of OSI Systems to your portfolios can decrease your overall portfolio volatility.