Owens Minor (Germany) Market Value
| 6OM Stock | EUR 14.20 0.10 0.71% |
| Symbol | Owens |
Owens Minor 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Owens Minor's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Owens Minor.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Owens Minor on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Owens Minor or generate 0.0% return on investment in Owens Minor over 30 days. Owens Minor is related to or competes with SOGECLAIR, Delta Air, Altair Engineering, Pentair Plc, Air New, and Flutter Entertainment. Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and i... More
Owens Minor Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Owens Minor's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Owens Minor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 6.56 |
Owens Minor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Owens Minor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Owens Minor's standard deviation. In reality, there are many statistical measures that can use Owens Minor historical prices to predict the future Owens Minor's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.2708 | |||
| Total Risk Alpha | 0.1763 | |||
| Sortino Ratio | 0.0706 | |||
| Treynor Ratio | 0.8442 |
Owens Minor Backtested Returns
Owens Minor appears to be out of control, given 3 months investment horizon. Owens Minor maintains Sharpe Ratio (i.e., Efficiency) of 0.076, which implies the firm had a 0.076 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Owens Minor, which you can use to evaluate the volatility of the company. Please evaluate Owens Minor's Semi Deviation of 2.88, coefficient of variation of 1185.55, and Risk Adjusted Performance of 0.0787 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Owens Minor holds a performance score of 5. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Owens Minor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Owens Minor is expected to be smaller as well. Please check Owens Minor's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Owens Minor's historical price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Owens Minor has modest predictability. Overlapping area represents the amount of predictability between Owens Minor time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Owens Minor price movement. The serial correlation of 0.54 indicates that about 54.0% of current Owens Minor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Owens Minor lagged returns against current returns
Autocorrelation, which is Owens Minor stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Owens Minor's stock expected returns. We can calculate the autocorrelation of Owens Minor returns to help us make a trade decision. For example, suppose you find that Owens Minor has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Owens Minor regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Owens Minor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Owens Minor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Owens Minor stock over time.
Current vs Lagged Prices |
| Timeline |
Owens Minor Lagged Returns
When evaluating Owens Minor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Owens Minor stock have on its future price. Owens Minor autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Owens Minor autocorrelation shows the relationship between Owens Minor stock current value and its past values and can show if there is a momentum factor associated with investing in Owens Minor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Owens Stock
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 Owens Minor Correlation, Owens Minor Volatility and Owens Minor Alpha and Beta module to complement your research on Owens Minor. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Owens Minor 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.