Option Care (Germany) Market Value
| MM6A Stock | EUR 21.20 0.60 2.91% |
| Symbol | Option |
Option Care '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 Option Care'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 Option Care.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Option Care on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Option Care Health or generate 0.0% return on investment in Option Care over 720 days. Option Care is related to or competes with HYGEIA HC, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. Option Care Health, Inc. offers home and alternate site infusion services in the United States More
Option Care 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 Option Care'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 Option Care Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 25.29 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.05 |
Option Care Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Option Care's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Option Care's standard deviation. In reality, there are many statistical measures that can use Option Care historical prices to predict the future Option Care's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (1.73) |
Option Care Health Backtested Returns
Option Care Health maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Option Care Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Option Care's Risk Adjusted Performance of (0.07), coefficient of variation of (931.57), and Variance of 10.7 to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Option Care's returns are expected to increase less than the market. However, during the bear market, the loss of holding Option Care is expected to be smaller as well. At this point, Option Care Health has a negative expected return of -0.37%. Please make sure to check Option Care's maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Option Care Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Option Care Health has very weak predictability. Overlapping area represents the amount of predictability between Option Care time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Option Care Health price movement. The serial correlation of 0.19 indicates that over 19.0% of current Option Care price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 5.4 |
Option Care Health lagged returns against current returns
Autocorrelation, which is Option Care 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 Option Care's stock expected returns. We can calculate the autocorrelation of Option Care returns to help us make a trade decision. For example, suppose you find that Option Care 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 |
Option Care 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 Option Care stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Option Care stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Option Care stock over time.
Current vs Lagged Prices |
| Timeline |
Option Care Lagged Returns
When evaluating Option Care's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Option Care stock have on its future price. Option Care 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, Option Care autocorrelation shows the relationship between Option Care stock current value and its past values and can show if there is a momentum factor associated with investing in Option Care Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Option Stock
When determining whether Option Care Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Option Care'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 Option Care Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Option Care Health Stock:Check out Option Care Correlation, Option Care Volatility and Option Care Alpha and Beta module to complement your research on Option Care. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Option Care 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.