Orthofix Medical Stock Market Value
| OFIX Stock | USD 18.91 0.23 1.23% |
| Symbol | Orthofix |
Orthofix Medical Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orthofix Medical. If investors know Orthofix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orthofix Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.14) | Revenue Per Share 20.778 | Quarterly Revenue Growth 0.068 | Return On Assets (0.02) | Return On Equity (0.21) |
The market value of Orthofix Medical is measured differently than its book value, which is the value of Orthofix that is recorded on the company's balance sheet. Investors also form their own opinion of Orthofix Medical's value that differs from its market value or its book value, called intrinsic value, which is Orthofix Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orthofix Medical's market value can be influenced by many factors that don't directly affect Orthofix Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orthofix Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orthofix Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orthofix Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Orthofix Medical '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 Orthofix Medical'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 Orthofix Medical.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Orthofix Medical on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Orthofix Medical or generate 0.0% return on investment in Orthofix Medical over 30 days. Orthofix Medical is related to or competes with Globus Medical, CONMED, Alphatec Holdings, LivaNova PLC, Glaukos Corp, Bruker, and Pulmonx Corp. Orthofix Medical Inc. operates as a medical device and biologics company in the United States, Italy, Germany, France, t... More
Orthofix Medical 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 Orthofix Medical'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 Orthofix Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 12.11 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.9 |
Orthofix Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orthofix Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orthofix Medical's standard deviation. In reality, there are many statistical measures that can use Orthofix Medical historical prices to predict the future Orthofix Medical's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.0569 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0439 | |||
| Treynor Ratio | 0.1404 |
Orthofix Medical Backtested Returns
At this stage we consider Orthofix Stock to be not too volatile. Orthofix Medical maintains Sharpe Ratio (i.e., Efficiency) of 0.0689, which implies the firm had a 0.0689% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Orthofix Medical, which you can use to evaluate the volatility of the company. Please check Orthofix Medical's Risk Adjusted Performance of 0.072, coefficient of variation of 1170.08, and Semi Deviation of 2.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Orthofix Medical has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 1.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Orthofix Medical will likely underperform. Orthofix Medical right now holds a risk of 2.4%. Please check Orthofix Medical total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to decide if Orthofix Medical will be following its historical price patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
Orthofix Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between Orthofix Medical time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Orthofix Medical price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Orthofix Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Orthofix Medical lagged returns against current returns
Autocorrelation, which is Orthofix Medical 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 Orthofix Medical's stock expected returns. We can calculate the autocorrelation of Orthofix Medical returns to help us make a trade decision. For example, suppose you find that Orthofix Medical 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 |
Orthofix Medical 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 Orthofix Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orthofix Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orthofix Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Orthofix Medical Lagged Returns
When evaluating Orthofix Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orthofix Medical stock have on its future price. Orthofix Medical 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, Orthofix Medical autocorrelation shows the relationship between Orthofix Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Orthofix Medical.
Regressed Prices |
| Timeline |
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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.Additional Tools for Orthofix Stock Analysis
When running Orthofix Medical's price analysis, check to measure Orthofix Medical'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 Orthofix Medical is operating at the current time. Most of Orthofix Medical's value examination focuses on studying past and present price action to predict the probability of Orthofix Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orthofix Medical's price. Additionally, you may evaluate how the addition of Orthofix Medical to your portfolios can decrease your overall portfolio volatility.