Owens Minor Stock Forward View

Owens Minor Additional Predictive Modules

Most predictive techniques to examine Owens price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Owens using various technical indicators. When you analyze Owens charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for Owens Minor is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Owens Minor value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Owens Minor Naive Prediction Price Forecast For the 3rd of February

Given 90 days horizon, the Naive Prediction forecasted value of Owens Minor on the next trading day is expected to be 2.33 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.07, and the sum of the absolute errors of 13.07.

Owens Minor Stock Forecast Pattern

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Owens Minor Price Prediction

Research Analysis

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Owens Minor stock data series using in forecasting. Note that when a statistical model is used to represent Owens Minor stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. This model is not at all useful as a medium-long range forecasting tool of Owens Minor. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Owens Minor. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Owens Minor

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Owens Minor. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 0.12 2.37 7.83 Details

Intrinsic Valuation Low Real High 0.11 2.24 7.70 Details

Bollinger Band Projection (param) Low Middle High 1.99 2.66 3.33 Details

Owens Minor After-Hype Price Density Analysis

Owens Minor Estimiated After-Hype Price Volatility

Owens Minor Stock Price Outlook Analysis

Notes

Owens Minor Hype Timeline

On the 2nd of February Owens Minor is traded for 2.36. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of 0.14. Owens is expected to increase in value after the next headline, with the price projected to jump to 2.37 or above. The average volatility of media hype impact on the company the price is over 100%. The price growth on the next news is projected to be 0.42%, whereas the daily expected return is now at -0.7%. The volatility of related hype on Owens Minor is about 2650.49%, with the expected price after the next announcement by competition of 2.50. The company reported the last year's revenue of 10.7 B. Reported Net Loss for the year was (362.69 M) with profit before taxes, overhead, and interest of 2.24 B. Considering the 90-day investment horizon the next expected press release will be in about 7 days. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Owens Minor Related Hype Analysis

Owens Minor Related Equities

Risk & Return

Correlation

Owens Minor Market Strength Events

Owens Minor Risk Indicators

Story Coverage note for Owens Minor

Owens Minor Short Properties

Other Consideration for investing in Owens Stock