OraSure Technologies Stock Forecast - Market Risk Adjusted Performance
| OSUR Stock | USD 3.62 0.02 0.55% |
OraSure Stock Forecast is based on your current time horizon. Although OraSure Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of OraSure Technologies' systematic risk associated with finding meaningful patterns of OraSure Technologies fundamentals over time.
OraSure |
| Check OraSure Technologies Volatility | Backtest OraSure Technologies | Trend Details |
OraSure Technologies Trading Date Momentum
| On December 20 2024 OraSure Technologies was traded for 3.64 at the closing time. The top price for the day was 3.83 and the lowest listed price was 3.61 . The trading volume for the day was 2.2 M. The trading history from December 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.96% . The trading delta at closing time against the current closing price is 3.96% . |
| Compare OraSure Technologies to competition |
Other Forecasting Options for OraSure Technologies
For every potential investor in OraSure, whether a beginner or expert, OraSure Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OraSure Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OraSure. Basic forecasting techniques help filter out the noise by identifying OraSure Technologies' price trends.OraSure Technologies 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 OraSure Technologies stock to make a market-neutral strategy. Peer analysis of OraSure Technologies could also be used in its relative valuation, which is a method of valuing OraSure Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OraSure Technologies 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 OraSure Technologies' 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 OraSure Technologies' current price.| Cycle Indicators | ||
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OraSure Technologies Market Strength Events
Market strength indicators help investors to evaluate how OraSure Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OraSure Technologies shares will generate the highest return on investment. By undertsting and applying OraSure Technologies stock market strength indicators, traders can identify OraSure Technologies entry and exit signals to maximize returns.
OraSure Technologies Risk Indicators
The analysis of OraSure Technologies' 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 OraSure Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting orasure 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 | 1.63 | |||
| Standard Deviation | 2.1 | |||
| Variance | 4.41 |
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.
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
| 0.78 | EW | Edwards Lifesciences Corp | PairCorr |
| 0.78 | DXCM | DexCom Inc | PairCorr |
| 0.75 | ELMD | Electromed | PairCorr |
| 0.66 | OM | Outset Medical Earnings Call This Week | PairCorr |
| 0.65 | DOCS | Doximity | 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.