Omega Flex Stock Market Value
| OFLX Stock | USD 48.74 0.63 1.28% |
| Symbol | Omega |
Omega Flex Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Omega Flex. If investors know Omega 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 Omega Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 1.34 | Earnings Share 1.81 | Revenue Per Share 10.191 | Quarterly Revenue Growth (0.1) |
The market value of Omega Flex is measured differently than its book value, which is the value of Omega that is recorded on the company's balance sheet. Investors also form their own opinion of Omega Flex's value that differs from its market value or its book value, called intrinsic value, which is Omega Flex'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 Omega Flex's market value can be influenced by many factors that don't directly affect Omega Flex'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 Omega Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omega Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omega Flex'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.
Omega Flex '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 Flex'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 Flex.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Omega Flex on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Omega Flex or generate 0.0% return on investment in Omega Flex over 90 days. Omega Flex is related to or competes with Helios Technologies, Enpro Industries, Luxfer Holdings, Hurco Companies, Enerpac Tool, Gorman Rupp, and Graham. Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North A... More
Omega Flex 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 Flex'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 Flex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.18 |
Omega Flex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omega Flex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omega Flex's standard deviation. In reality, there are many statistical measures that can use Omega Flex historical prices to predict the future Omega Flex's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.07 |
Omega Flex Backtested Returns
At this stage we consider Omega Stock to be very steady. Omega Flex maintains Sharpe Ratio (i.e., Efficiency) of 0.0367, which implies the firm had a 0.0367% return per unit of risk over the last 3 months. We have found thirty technical indicators for Omega Flex, which you can use to evaluate the volatility of the company. Please check Omega Flex's Semi Deviation of 1.72, risk adjusted performance of 0.0558, and Coefficient Of Variation of 1522.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0754%. Omega Flex has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 1.79, 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, Omega Flex will likely underperform. Omega Flex right now holds a risk of 2.05%. Please check Omega Flex semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Omega Flex will be following its historical price patterns.
Auto-correlation | 0.53 |
Modest predictability
Omega Flex has modest predictability. Overlapping area represents the amount of predictability between Omega Flex time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st 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 Omega Flex price movement. The serial correlation of 0.53 indicates that about 53.0% of current Omega Flex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 5.0 |
Omega Flex lagged returns against current returns
Autocorrelation, which is Omega Flex 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 Flex's stock expected returns. We can calculate the autocorrelation of Omega Flex returns to help us make a trade decision. For example, suppose you find that Omega Flex 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 Flex 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 Flex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omega Flex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omega Flex stock over time.
Current vs Lagged Prices |
| Timeline |
Omega Flex Lagged Returns
When evaluating Omega Flex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omega Flex stock have on its future price. Omega Flex 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 Flex autocorrelation shows the relationship between Omega Flex stock current value and its past values and can show if there is a momentum factor associated with investing in Omega Flex.
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 Omega Stock Analysis
When running Omega Flex's price analysis, check to measure Omega Flex'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 Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.