Omnicell Stock Market Value
| OMCL Stock | USD 45.69 1.58 3.58% |
| Symbol | Omnicell |
Omnicell Price To Book Ratio
Is Health Care Technology 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 Omnicell. If investors know Omnicell 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 Omnicell 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 0.558 | Earnings Share (0.39) | Revenue Per Share 23.218 | Quarterly Revenue Growth (0.05) | Return On Assets (0.01) |
The market value of Omnicell is measured differently than its book value, which is the value of Omnicell that is recorded on the company's balance sheet. Investors also form their own opinion of Omnicell's value that differs from its market value or its book value, called intrinsic value, which is Omnicell'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 Omnicell's market value can be influenced by many factors that don't directly affect Omnicell'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 Omnicell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omnicell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omnicell'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.
Omnicell '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 Omnicell'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 Omnicell.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Omnicell on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Omnicell or generate 0.0% return on investment in Omnicell over 30 days. Omnicell is related to or competes with HealthStream, National Research, Forian, Definitive Healthcare, Evolent Health, CareMax, and Certara. Omnicell, Inc., together with its subsidiaries, provides medication management solutions and adherence tools for healthc... More
Omnicell 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 Omnicell'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 Omnicell upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 40.54 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.36 |
Omnicell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omnicell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omnicell's standard deviation. In reality, there are many statistical measures that can use Omnicell historical prices to predict the future Omnicell's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0034 | |||
| Treynor Ratio | 0.0839 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omnicell's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Omnicell Backtested Returns
As of now, Omnicell Stock is not too volatile. Omnicell maintains Sharpe Ratio (i.e., Efficiency) of 0.0108, which implies the firm had a 0.0108% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Omnicell, which you can use to evaluate the volatility of the company. Please check Omnicell's Risk Adjusted Performance of 0.0275, semi deviation of 2.52, and Coefficient Of Variation of 3980.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0512%. The company holds a Beta of 1.3, 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, Omnicell will likely underperform. Omnicell right now holds a risk of 4.74%. Please check Omnicell downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Omnicell will be following its historical price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Omnicell has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Omnicell 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 Omnicell price movement. The serial correlation of -0.76 indicates that around 76.0% of current Omnicell price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 8.93 |
Omnicell lagged returns against current returns
Autocorrelation, which is Omnicell 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 Omnicell's stock expected returns. We can calculate the autocorrelation of Omnicell returns to help us make a trade decision. For example, suppose you find that Omnicell 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 |
Omnicell 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 Omnicell stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omnicell stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omnicell stock over time.
Current vs Lagged Prices |
| Timeline |
Omnicell Lagged Returns
When evaluating Omnicell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omnicell stock have on its future price. Omnicell 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, Omnicell autocorrelation shows the relationship between Omnicell stock current value and its past values and can show if there is a momentum factor associated with investing in Omnicell.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Omnicell Correlation, Omnicell Volatility and Omnicell Alpha and Beta module to complement your research on Omnicell. For more information on how to buy Omnicell Stock please use our How to buy in Omnicell Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Omnicell 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.