Onity Group Stock Chance of Future Stock Price Finishing Under 21.88
| ONIT Stock | 30.87 0.04 0.13% |
Onity |
Onity Target Price Odds to finish below 21.88
The tendency of Onity 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 drop to 21.88 or more in 90 days |
| 30.87 | 90 days | 21.88 | near 1 |
Based on a normal probability distribution, the odds of Onity to drop to 21.88 or more in 90 days from now is near 1 (This Onity Group probability density function shows the probability of Onity Stock to fall within a particular range of prices over 90 days) . Probability of Onity Group price to stay between 21.88 and its current price of 30.87 at the end of the 90-day period is about 80.0 .
Given the investment horizon of 90 days Onity has a beta of 0.79. This indicates as returns on the market go up, Onity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Onity Group will be expected to be much smaller as well. Additionally Onity Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Onity Price Density |
| Price |
Predictive Modules for Onity
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Onity Group. 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.Onity Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Onity is not an exception. The market had few large corrections towards the Onity'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 Onity Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Onity within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.79 | |
σ | Overall volatility | 1.08 | |
Ir | Information ratio | -0.02 |
Onity 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 Onity for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Onity Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Onity Group has high likelihood to experience some financial distress in the next 2 years | |
| Onity Group was previously known as Ocwen Financial and was traded on New York Stock Exchange under the symbol OCN. | |
| The company reported the previous year's revenue of 1.14 B. Net Loss for the year was (63.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Onity Group renews key agreements with Rithm Capital |
Onity 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 Onity Stock often depends not only on the future outlook of the current and potential Onity'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. Onity's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.6 M | |
| Cash And Short Term Investments | 213.1 M |
Onity Technical Analysis
Onity's future price can be derived by breaking down and analyzing its technical indicators over time. Onity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Onity Group. In general, you should focus on analyzing Onity Stock price patterns and their correlations with different microeconomic environments and drivers.
Onity Predictive Forecast Models
Onity's time-series forecasting models is one of many Onity'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 Onity'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 Onity Group
Checking the ongoing alerts about Onity for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Onity Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Onity Group has high likelihood to experience some financial distress in the next 2 years | |
| Onity Group was previously known as Ocwen Financial and was traded on New York Stock Exchange under the symbol OCN. | |
| The company reported the previous year's revenue of 1.14 B. Net Loss for the year was (63.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Onity Group renews key agreements with Rithm Capital |
Additional Tools for Onity Stock Analysis
When running Onity's price analysis, check to measure Onity'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 Onity is operating at the current time. Most of Onity's value examination focuses on studying past and present price action to predict the probability of Onity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onity's price. Additionally, you may evaluate how the addition of Onity to your portfolios can decrease your overall portfolio volatility.