Owens Minor Stock Market Value
| OMI Stock | USD 12.23 0.34 2.86% |
| Symbol | Owens |
Owens Minor Price To Book Ratio
Is Health Care Providers & Services 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 Owens Minor. If investors know Owens 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 Owens Minor 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 (0.72) | Earnings Share (0.63) | Revenue Per Share 139.342 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0402 |
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor'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 Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor'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 Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Minor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor'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.
Owens Minor '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 Owens Minor'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 Owens Minor.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Owens Minor on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Owens Minor or generate 0.0% return on investment in Owens Minor over 30 days. Owens Minor is related to or competes with Henry Schein, Cardinal Health, Zynex, Patterson Companies, and McKesson. Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and i... More
Owens Minor 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 Owens Minor'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 Owens Minor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.58 | |||
| Value At Risk | (7.10) | |||
| Potential Upside | 5.11 |
Owens Minor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Owens Minor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Owens Minor's standard deviation. In reality, there are many statistical measures that can use Owens Minor historical prices to predict the future Owens Minor's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.12) |
Owens Minor Backtested Returns
Owens Minor maintains Sharpe Ratio (i.e., Efficiency) of -0.092, which implies the firm had a -0.092% return per unit of risk over the last 3 months. Owens Minor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Owens Minor's Coefficient Of Variation of (1,226), variance of 15.09, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 2.7, 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, Owens Minor will likely underperform. At this point, Owens Minor has a negative expected return of -0.36%. Please make sure to check Owens Minor's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Owens Minor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Owens Minor has modest predictability. Overlapping area represents the amount of predictability between Owens Minor 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 Owens Minor price movement. The serial correlation of 0.55 indicates that about 55.0% of current Owens Minor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Owens Minor lagged returns against current returns
Autocorrelation, which is Owens Minor 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 Owens Minor's stock expected returns. We can calculate the autocorrelation of Owens Minor returns to help us make a trade decision. For example, suppose you find that Owens Minor 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 |
Owens Minor 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 Owens Minor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Owens Minor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Owens Minor stock over time.
Current vs Lagged Prices |
| Timeline |
Owens Minor Lagged Returns
When evaluating Owens Minor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Owens Minor stock have on its future price. Owens Minor 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, Owens Minor autocorrelation shows the relationship between Owens Minor stock current value and its past values and can show if there is a momentum factor associated with investing in Owens Minor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Owens Minor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Minor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Minor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Minor Stock:Check out Owens Minor Correlation, Owens Minor Volatility and Owens Minor Alpha and Beta module to complement your research on Owens Minor. For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Owens Minor 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.