Omni Health Stock Market Value
Omni Health's market value is the price at which a share of Omni Health trades on a public exchange. It measures the collective expectations of Omni Health investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Omni Health and determine expected loss or profit from investing in Omni Health over a given investment horizon. Check out Omni Health Correlation, Omni Health Volatility and Omni Health Alpha and Beta module to complement your research on Omni Health. For information on how to trade Omni Stock refer to our How to Trade Omni Stock guide.
| Symbol | Omni |
Is Consumer Staples Distribution & Retail 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 Omni Health. If investors know Omni 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 Omni Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Omni Health is measured differently than its book value, which is the value of Omni that is recorded on the company's balance sheet. Investors also form their own opinion of Omni Health's value that differs from its market value or its book value, called intrinsic value, which is Omni Health'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 Omni Health's market value can be influenced by many factors that don't directly affect Omni Health'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 Omni Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omni Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omni Health'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.
Omni Health '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 Omni Health'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 Omni Health.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Omni Health on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Omni Health or generate 0.0% return on investment in Omni Health over 270 days. Omni Health, Inc., through its subsidiary, Malecon Pharmacy, Inc., operates a pharmacy in Hialeah, Florida More
Omni Health 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 Omni Health'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 Omni Health upside and downside potential and time the market with a certain degree of confidence.
Omni Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omni Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omni Health's standard deviation. In reality, there are many statistical measures that can use Omni Health historical prices to predict the future Omni Health's volatility.Omni Health Backtested Returns
We have found zero technical indicators for Omni Health, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Omni Health are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Omni Health has no correlation between past and present. Overlapping area represents the amount of predictability between Omni Health time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Omni Health price movement. The serial correlation of 0.0 indicates that just 0.0% of current Omni Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Omni Health lagged returns against current returns
Autocorrelation, which is Omni Health 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 Omni Health's stock expected returns. We can calculate the autocorrelation of Omni Health returns to help us make a trade decision. For example, suppose you find that Omni Health 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 |
Omni Health 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 Omni Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omni Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omni Health stock over time.
Current vs Lagged Prices |
| Timeline |
Omni Health Lagged Returns
When evaluating Omni Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omni Health stock have on its future price. Omni Health 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, Omni Health autocorrelation shows the relationship between Omni Health stock current value and its past values and can show if there is a momentum factor associated with investing in Omni Health.
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.When determining whether Omni Health is a strong investment it is important to analyze Omni Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Omni Health's future performance. For an informed investment choice regarding Omni Stock, refer to the following important reports:Check out Omni Health Correlation, Omni Health Volatility and Omni Health Alpha and Beta module to complement your research on Omni Health. For information on how to trade Omni Stock refer to our How to Trade Omni Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Omni Health 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.