Omniab Inc Stock Price on August 9, 2024

OABIW Stock  USD 0.34  0.06  21.43%   
If you're considering investing in OmniAb Stock, it is important to understand the factors that can impact its price. As of today, the current price of OmniAb stands at 0.34, as last reported on the 27th of November, with the highest price reaching 0.34 and the lowest price hitting 0.30 during the day. OmniAb Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.0151, which implies the firm had a -0.0151% return per unit of risk over the last 3 months. OmniAb Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OmniAb's Coefficient Of Variation of (6,623), variance of 96.27, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide.
  
OmniAb Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0151

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Estimated Market Risk

 9.81
  actual daily
87
87% of assets are less volatile

Expected Return

 -0.15
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average OmniAb is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of OmniAb by adding OmniAb to a well-diversified portfolio.

Related Headline

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OmniAb Valuation on August 9, 2024

It is possible to determine the worth of OmniAb on a given historical date. On August 9, 2024 OmniAb was worth 0.0 at the beginning of the trading date compared to the closed value of 0.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OmniAb stock. Still, in general, we apply an absolute valuation method to find OmniAb's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of OmniAb where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OmniAb's related companies.
 Open High Low Close Volume
  0.37    0.40    0.34    0.40    34,568  
08/09/2024
  0.00    0.00    0.00    0.00    1.00  
  0.37    0.38    0.37    0.38    10,001  
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Open Value
0.0
0.0
Closing Value
29.44
Upside

OmniAb Trading Date Momentum on August 9, 2024

On August 12 2024 OmniAb Inc was traded for  0.38  at the closing time. The highest daily price throughout the period was 0.38  and the lowest price was  0.37 . The daily volume was 10 K. The net trading volume on 08/12/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was Huge% . The trading delta at closing time to current closing price is Huge% .

OmniAb Inc Fundamentals Correlations and Trends

By evaluating OmniAb's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among OmniAb's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OmniAb financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About OmniAb Stock history

OmniAb investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for OmniAb is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OmniAb Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing OmniAb stock prices may prove useful in developing a viable investing in OmniAb

OmniAb Stock Technical Analysis

OmniAb technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of OmniAb technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of OmniAb trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

OmniAb Period Price Range

Low
November 27, 2024
0.00  NaN%
High

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OmniAb November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how OmniAb stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OmniAb shares will generate the highest return on investment. By undertsting and applying OmniAb stock market strength indicators, traders can identify OmniAb Inc entry and exit signals to maximize returns

OmniAb Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for OmniAb's price direction in advance. Along with the technical and fundamental analysis of OmniAb Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OmniAb to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.