Onemednet Corp Stock Market Value
| ONMD Stock | 0.88 0.04 4.76% |
| Symbol | OneMedNet |
OneMedNet Corp 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 OneMedNet Corp. If investors know OneMedNet 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 OneMedNet Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.98) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.292 | Return On Assets (0.34) |
The market value of OneMedNet Corp is measured differently than its book value, which is the value of OneMedNet that is recorded on the company's balance sheet. Investors also form their own opinion of OneMedNet Corp's value that differs from its market value or its book value, called intrinsic value, which is OneMedNet Corp'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 OneMedNet Corp's market value can be influenced by many factors that don't directly affect OneMedNet Corp'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 OneMedNet Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMedNet Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMedNet Corp'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.
OneMedNet Corp '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 OneMedNet Corp'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 OneMedNet Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in OneMedNet Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding OneMedNet Corp or generate 0.0% return on investment in OneMedNet Corp over 720 days. OneMedNet Corp is related to or competes with Getty Images, WiMi Hologram, Summa Silver, Space Communication, Evolution Mining, Iridium Communications, and Nextplat Corp. Vertical Health Solutions, Inc. engages in developing and commercializing Magnetic Resonance Imaging quality assurance software technologies to hospitals and imaging centers in the United States. More
OneMedNet Corp 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 OneMedNet Corp'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 OneMedNet Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.58 | |||
| Value At Risk | (10.20) | |||
| Potential Upside | 11.86 |
OneMedNet Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneMedNet Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneMedNet Corp's standard deviation. In reality, there are many statistical measures that can use OneMedNet Corp historical prices to predict the future OneMedNet Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 0.1314 |
OneMedNet Corp Backtested Returns
OneMedNet Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0095, which implies the firm had a -0.0095% return per unit of risk over the last 3 months. OneMedNet Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OneMedNet Corp's Risk Adjusted Performance of (0.01), variance of 43.54, and Coefficient Of Variation of (4,143) to confirm the risk estimate we provide. The company holds a Beta of -1.29, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning OneMedNet Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, OneMedNet Corp is expected to outperform it. At this point, OneMedNet Corp has a negative expected return of -0.0634%. Please make sure to check OneMedNet Corp's total risk alpha and the relationship between the skewness and period momentum indicator , to decide if OneMedNet Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
OneMedNet Corp has virtually no predictability. Overlapping area represents the amount of predictability between OneMedNet Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 OneMedNet Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current OneMedNet Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
OneMedNet Corp lagged returns against current returns
Autocorrelation, which is OneMedNet Corp 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 OneMedNet Corp's stock expected returns. We can calculate the autocorrelation of OneMedNet Corp returns to help us make a trade decision. For example, suppose you find that OneMedNet Corp 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 |
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OneMedNet Corp 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 OneMedNet Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneMedNet Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneMedNet Corp stock over time.
Current vs Lagged Prices |
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OneMedNet Corp Lagged Returns
When evaluating OneMedNet Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneMedNet Corp stock have on its future price. OneMedNet Corp 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, OneMedNet Corp autocorrelation shows the relationship between OneMedNet Corp stock current value and its past values and can show if there is a momentum factor associated with investing in OneMedNet Corp.
Regressed Prices |
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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 OneMedNet Corp is a strong investment it is important to analyze OneMedNet Corp'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 OneMedNet Corp's future performance. For an informed investment choice regarding OneMedNet Stock, refer to the following important reports:Check out OneMedNet Corp Correlation, OneMedNet Corp Volatility and OneMedNet Corp Alpha and Beta module to complement your research on OneMedNet Corp. For information on how to trade OneMedNet Stock refer to our How to Trade OneMedNet Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
OneMedNet Corp 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.