OraSure Temporary Equity Redeemable Noncontrolling Interests from 2010 to 2024
| OSUR Stock | USD 3.64 0.15 3.96% |
Check OraSure Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OraSure Technologies' main balance sheet or income statement drivers, such as , as well as many indicators such as . OraSure financial statements analysis is a perfect complement when working with OraSure Technologies Valuation or Volatility modules.
OraSure |
About OraSure Technologies Financial Statements
OraSure Technologies shareholders use historical fundamental indicators, such as Temporary Equity Redeemable Noncontrolling Interests, to determine how well the company is positioned to perform in the future. Although OraSure Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in OraSure Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on OraSure Technologies' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
OraSure Technologies, Inc., together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally. OraSure Technologies, Inc. was incorporated in 2000 and is headquartered in Bethlehem, Pennsylvania. Orasure Tech operates under Medical Instruments Supplies classification in the United States and is traded on NASDAQ Exchange. It employs 785 people.
Pair Trading with OraSure Technologies
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 OraSure Technologies 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 OraSure Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against OraSure Stock
| 0.66 | DXCM | DexCom Inc | PairCorr |
| 0.61 | EW | Edwards Lifesciences Corp | PairCorr |
| 0.59 | ELMD | Electromed | PairCorr |
| 0.56 | GH | Guardant Health | PairCorr |
| 0.51 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to OraSure Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OraSure Technologies 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 OraSure Technologies - 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 OraSure Technologies to buy it.
The correlation of OraSure Technologies 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 OraSure Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OraSure Technologies 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 OraSure Technologies 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 OraSure Stock Analysis
When running OraSure Technologies' price analysis, check to measure OraSure Technologies' 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 OraSure Technologies is operating at the current time. Most of OraSure Technologies' value examination focuses on studying past and present price action to predict the probability of OraSure Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OraSure Technologies' price. Additionally, you may evaluate how the addition of OraSure Technologies to your portfolios can decrease your overall portfolio volatility.