Omeros Stock Market Value
| OMER Stock | USD 11.35 0.56 4.70% |
| Symbol | Omeros |
Omeros Price To Book Ratio
Is Pharmaceuticals 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 Omeros. If investors know Omeros 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 Omeros 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 (0.48) | Quarterly Revenue Growth 0.149 | Return On Assets (0.27) | Return On Equity (5.76) |
The market value of Omeros is measured differently than its book value, which is the value of Omeros that is recorded on the company's balance sheet. Investors also form their own opinion of Omeros' value that differs from its market value or its book value, called intrinsic value, which is Omeros' 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 Omeros' market value can be influenced by many factors that don't directly affect Omeros' 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 Omeros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Omeros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omeros' 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.
Omeros '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 Omeros' 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 Omeros.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Omeros on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Omeros or generate 0.0% return on investment in Omeros over 720 days. Omeros is related to or competes with Crinetics Pharmaceuticals, Enanta Pharmaceuticals, Amicus Therapeutics, Connect Biopharma, Ligand Pharmaceuticals, Passage Bio, and Oric Pharmaceuticals. Omeros Corporation, a commercial-stage biopharmaceutical company, discovers, develops, and commercializes small-molecule... More
Omeros 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 Omeros' 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 Omeros upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.1764 | |||
| Maximum Drawdown | 78.17 | |||
| Value At Risk | (5.70) | |||
| Potential Upside | 8.07 |
Omeros Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omeros' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omeros' standard deviation. In reality, there are many statistical measures that can use Omeros historical prices to predict the future Omeros' volatility.| Risk Adjusted Performance | 0.1541 | |||
| Jensen Alpha | 1.72 | |||
| Total Risk Alpha | 0.2278 | |||
| Sortino Ratio | 0.4717 | |||
| Treynor Ratio | 0.9373 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omeros' 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.
Omeros Backtested Returns
Omeros is unstable given 3 months investment horizon. Omeros maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.09% are justified by taking the suggested risk. Use Omeros Coefficient Of Variation of 527.96, risk adjusted performance of 0.1541, and Semi Deviation of 2.83 to evaluate company specific risk that cannot be diversified away. Omeros holds a performance score of 15 on a scale of zero to a hundred. The company holds a Beta of 2.13, 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, Omeros will likely underperform. Use Omeros potential upside, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Omeros.
Auto-correlation | -0.21 |
Weak reverse predictability
Omeros has weak reverse predictability. Overlapping area represents the amount of predictability between Omeros time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Omeros price movement. The serial correlation of -0.21 indicates that over 21.0% of current Omeros price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
Omeros lagged returns against current returns
Autocorrelation, which is Omeros 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 Omeros' stock expected returns. We can calculate the autocorrelation of Omeros returns to help us make a trade decision. For example, suppose you find that Omeros 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 |
Omeros 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 Omeros stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omeros stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omeros stock over time.
Current vs Lagged Prices |
| Timeline |
Omeros Lagged Returns
When evaluating Omeros' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omeros stock have on its future price. Omeros 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, Omeros autocorrelation shows the relationship between Omeros stock current value and its past values and can show if there is a momentum factor associated with investing in Omeros.
Regressed Prices |
| Timeline |
Pair Trading with Omeros
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Omeros position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Omeros will appreciate offsetting losses from the drop in the long position's value.Moving together with Omeros Stock
Moving against Omeros Stock
| 0.67 | PFE | Pfizer Inc Aggressive Push | PairCorr |
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| 0.54 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.49 | HLN | Haleon plc | PairCorr |
| 0.49 | ANRO | Alto Neuroscience, | PairCorr |
The ability to find closely correlated positions to Omeros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omeros when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Omeros - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Omeros to buy it.
The correlation of Omeros is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Omeros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omeros moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Omeros can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Omeros Stock Analysis
When running Omeros' price analysis, check to measure Omeros' 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 Omeros is operating at the current time. Most of Omeros' value examination focuses on studying past and present price action to predict the probability of Omeros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omeros' price. Additionally, you may evaluate how the addition of Omeros to your portfolios can decrease your overall portfolio volatility.