Omniab Inc Stock Chance of Future Stock Price Finishing Under 0.38
| OABIW Stock | USD 0.34 0.04 13.33% |
OmniAb |
OmniAb Target Price Odds to finish below 0.38
The tendency of OmniAb Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 0.38 after 90 days |
| 0.34 | 90 days | 0.38 | about 57.13 |
Based on a normal probability distribution, the odds of OmniAb to stay under $ 0.38 after 90 days from now is about 57.13 (This OmniAb Inc probability density function shows the probability of OmniAb Stock to fall within a particular range of prices over 90 days) . Probability of OmniAb Inc price to stay between its current price of $ 0.34 and $ 0.38 at the end of the 90-day period is about 14.43 .
Assuming the 90 days horizon OmniAb Inc has a beta of -1.33. This indicates as returns on its benchmark rise, returns on holding OmniAb Inc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, OmniAb is expected to outperform its benchmark. Additionally OmniAb Inc has an alpha of 0.8018, implying that it can generate a 0.8 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). OmniAb Price Density |
| Price |
Predictive Modules for OmniAb
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OmniAb Inc. 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.OmniAb Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OmniAb is not an exception. The market had few large corrections towards the OmniAb's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold OmniAb Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OmniAb within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.80 | |
β | Beta against Dow Jones | -1.33 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.05 |
OmniAb Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of OmniAb for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OmniAb Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OmniAb Inc had very high historical volatility over the last 90 days | |
| OmniAb Inc has some characteristics of a very speculative penny stock | |
| OmniAb Inc has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 34.16 M. Net Loss for the year was (50.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Latest headline from news.google.com: OmniAb, Inc. Just Reported And Analysts Have Been Cutting Their Estimates - Simply Wall St |
OmniAb Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of OmniAb Stock often depends not only on the future outlook of the current and potential OmniAb's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. OmniAb's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.7 M | |
| Cash And Short Term Investments | 87 M |
OmniAb Technical Analysis
OmniAb's future price can be derived by breaking down and analyzing its technical indicators over time. OmniAb Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OmniAb Inc. In general, you should focus on analyzing OmniAb Stock price patterns and their correlations with different microeconomic environments and drivers.
OmniAb Predictive Forecast Models
OmniAb's time-series forecasting models is one of many OmniAb's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary OmniAb's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about OmniAb Inc
Checking the ongoing alerts about OmniAb for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OmniAb Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OmniAb Inc had very high historical volatility over the last 90 days | |
| OmniAb Inc has some characteristics of a very speculative penny stock | |
| OmniAb Inc has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 34.16 M. Net Loss for the year was (50.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Latest headline from news.google.com: OmniAb, Inc. Just Reported And Analysts Have Been Cutting Their Estimates - Simply Wall St |
Additional Tools for OmniAb Stock Analysis
When running OmniAb's price analysis, check to measure OmniAb'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 OmniAb is operating at the current time. Most of OmniAb's value examination focuses on studying past and present price action to predict the probability of OmniAb's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OmniAb's price. Additionally, you may evaluate how the addition of OmniAb to your portfolios can decrease your overall portfolio volatility.