Opko Health Stock Market Value
| OPK Stock | USD 1.58 0.02 1.28% |
| Symbol | Opko |
Opko Health Price To Book Ratio
Is Biotechnology 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 Opko Health. If investors know Opko 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 Opko Health 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 0.191 | Earnings Share (0.19) | Revenue Per Share 0.998 | Quarterly Revenue Growth (0.03) | Return On Assets (0.09) |
The market value of Opko Health is measured differently than its book value, which is the value of Opko that is recorded on the company's balance sheet. Investors also form their own opinion of Opko Health's value that differs from its market value or its book value, called intrinsic value, which is Opko 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 Opko Health's market value can be influenced by many factors that don't directly affect Opko 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 Opko Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opko Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opko 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.
Opko 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 Opko 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 Opko Health.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Opko Health on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Opko Health or generate 0.0% return on investment in Opko Health over 360 days. Opko Health is related to or competes with Caredx, Castle Biosciences, Twist Bioscience, Biodesix, Natera, Fulgent Genetics, and Illumina. OPKO Health, Inc., a healthcare company, engages in the diagnostics and pharmaceuticals businesses in the United States,... More
Opko 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 Opko 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 Opko Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.58 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.83 |
Opko Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opko Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opko Health's standard deviation. In reality, there are many statistical measures that can use Opko Health historical prices to predict the future Opko Health's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.02) |
Opko Health Backtested Returns
Opko Health maintains Sharpe Ratio (i.e., Efficiency) of -0.0154, which implies the firm had a -0.0154% return per unit of risk over the last 3 months. Opko Health exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Opko Health's Risk Adjusted Performance of 0.0071, coefficient of variation of 361541.7, and Semi Deviation of 2.17 to confirm the risk estimate we provide. The company holds a Beta of 0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Opko Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Opko Health is expected to be smaller as well. At this point, Opko Health has a negative expected return of -0.0379%. Please make sure to check Opko Health's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Opko Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Opko Health has poor reverse predictability. Overlapping area represents the amount of predictability between Opko Health time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 Opko Health price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Opko Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Opko Health lagged returns against current returns
Autocorrelation, which is Opko 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 Opko Health's stock expected returns. We can calculate the autocorrelation of Opko Health returns to help us make a trade decision. For example, suppose you find that Opko 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 |
Opko 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 Opko Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opko Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opko Health stock over time.
Current vs Lagged Prices |
| Timeline |
Opko Health Lagged Returns
When evaluating Opko Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opko Health stock have on its future price. Opko 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, Opko Health autocorrelation shows the relationship between Opko Health stock current value and its past values and can show if there is a momentum factor associated with investing in Opko Health.
Regressed Prices |
| Timeline |
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Opko 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.