Omega Healthcare's market value is the price at which a share of Omega Healthcare trades on a public exchange. It measures the collective expectations of Omega Healthcare Investors, investors about its performance. Omega Healthcare is trading at 76.24 as of the 24th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 76.24. With this module, you can estimate the performance of a buy and hold strategy of Omega Healthcare Investors, and determine expected loss or profit from investing in Omega Healthcare over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Omega
Omega Healthcare '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 Omega Healthcare'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 Omega Healthcare.
0.00
12/31/2023
No Change 0.00
0.0
In 1 year and 26 days
01/24/2025
0.00
If you would invest 0.00 in Omega Healthcare on December 31, 2023 and sell it all today you would earn a total of 0.00 from holding Omega Healthcare Investors, or generate 0.0% return on investment in Omega Healthcare over 390 days.
Omega Healthcare 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 Omega Healthcare'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 Omega Healthcare Investors, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omega Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omega Healthcare's standard deviation. In reality, there are many statistical measures that can use Omega Healthcare historical prices to predict the future Omega Healthcare's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Omega Healthcare. Your research has to be compared to or analyzed against Omega Healthcare's peers to derive any actionable benefits. When done correctly, Omega Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Omega Healthcare Inv.
Omega Healthcare Inv Backtested Returns
Omega Healthcare Inv maintains Sharpe Ratio (i.e., Efficiency) of -0.0131, which implies the firm had a -0.0131 % return per unit of risk over the last 3 months. Omega Healthcare Inv exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omega Healthcare's Coefficient Of Variation of 2063.28, semi deviation of 1.69, and Risk Adjusted Performance of 0.0465 to confirm the risk estimate we provide. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Omega Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Omega Healthcare is expected to be smaller as well. At this point, Omega Healthcare Inv has a negative expected return of -0.0242%. Please make sure to check Omega Healthcare's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Omega Healthcare Inv performance from the past will be repeated at some point in the near future.
Auto-correlation
0.63
Good predictability
Omega Healthcare Investors, has good predictability. Overlapping area represents the amount of predictability between Omega Healthcare time series from 31st of December 2023 to 13th of July 2024 and 13th of July 2024 to 24th 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 Omega Healthcare Inv price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Omega Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient
0.63
Spearman Rank Test
0.84
Residual Average
0.0
Price Variance
46.07
Omega Healthcare Inv lagged returns against current returns
Autocorrelation, which is Omega Healthcare 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 Omega Healthcare's stock expected returns. We can calculate the autocorrelation of Omega Healthcare returns to help us make a trade decision. For example, suppose you find that Omega Healthcare 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
Omega Healthcare 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 Omega Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omega Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omega Healthcare stock over time.
Current vs Lagged Prices
Timeline
Omega Healthcare Lagged Returns
When evaluating Omega Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omega Healthcare stock have on its future price. Omega Healthcare 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, Omega Healthcare autocorrelation shows the relationship between Omega Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Omega Healthcare Investors,.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.