Owens Minor Stock Forecast - Naive Prediction
| OMI Stock | USD 13.65 1.30 10.53% |
The Naive Prediction forecasted value of Owens Minor on the next trading day is expected to be 12.62 with a mean absolute deviation of 0.46 and the sum of the absolute errors of 28.04. Owens Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Owens Minor's historical fundamentals, such as revenue growth or operating cash flow patterns.
Owens |
Owens Minor Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Owens Minor's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1985-12-31 | Previous Quarter 257.1 M | Current Value 45.5 M | Quarterly Volatility 87.2 M |
Owens Minor Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of Owens Minor on the next trading day is expected to be 12.62 with a mean absolute deviation of 0.46, mean absolute percentage error of 0.31, and the sum of the absolute errors of 28.04.Please note that although there have been many attempts to predict Owens Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Owens Minor's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Owens Minor Stock Forecast Pattern
| Backtest Owens Minor | Owens Minor Price Prediction | Buy or Sell Advice |
Owens Minor Forecasted Value
In the context of forecasting Owens Minor's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Owens Minor's downside and upside margins for the forecasting period are 8.50 and 16.73, respectively. We have considered Owens Minor's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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.| AIC | Akaike Information Criteria | 116.9375 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4597 |
| MAPE | Mean absolute percentage error | 0.0329 |
| SAE | Sum of the absolute errors | 28.0403 |
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.Other Forecasting Options for Owens Minor
For every potential investor in Owens, whether a beginner or expert, Owens Minor's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Owens Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Owens. Basic forecasting techniques help filter out the noise by identifying Owens Minor's price trends.Owens Minor Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Owens Minor stock to make a market-neutral strategy. Peer analysis of Owens Minor could also be used in its relative valuation, which is a method of valuing Owens Minor by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Owens Minor Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Owens Minor's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Owens Minor's current price.| Cycle Indicators | ||
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Owens Minor Market Strength Events
Market strength indicators help investors to evaluate how Owens Minor stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Owens Minor shares will generate the highest return on investment. By undertsting and applying Owens Minor stock market strength indicators, traders can identify Owens Minor entry and exit signals to maximize returns.
Owens Minor Risk Indicators
The analysis of Owens Minor's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Owens Minor's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting owens stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.66 | |||
| Standard Deviation | 3.89 | |||
| Variance | 15.1 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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When determining whether Owens Minor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Minor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Minor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Minor Stock:Check out Historical Fundamental Analysis of Owens Minor to cross-verify your projections. For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Health Care Providers & Services 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 Owens Minor. If investors know Owens 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 Owens Minor 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 (0.72) | Earnings Share (0.63) | Revenue Per Share 139.342 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0402 |
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor'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 Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor'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 Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Minor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor'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.