Optinose Stock Market Value
| OPTN Stock | USD 0.53 0.05 10.42% |
| Symbol | OptiNose |
OptiNose 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 OptiNose. If investors know OptiNose 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 OptiNose listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 0.553 | Quarterly Revenue Growth 0.031 | Return On Assets (0.10) | Return On Equity (10.51) |
The market value of OptiNose is measured differently than its book value, which is the value of OptiNose that is recorded on the company's balance sheet. Investors also form their own opinion of OptiNose's value that differs from its market value or its book value, called intrinsic value, which is OptiNose'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 OptiNose's market value can be influenced by many factors that don't directly affect OptiNose'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 OptiNose's value and its price as these two are different measures arrived at by different means. Investors typically determine if OptiNose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OptiNose'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.
OptiNose '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 OptiNose'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 OptiNose.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OptiNose on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OptiNose or generate 0.0% return on investment in OptiNose over 30 days. OptiNose is related to or competes with Collegium Pharmaceutical, Phibro Animal, ANI Pharmaceuticals, Procaps Group, Lifecore Biomedical, Kamada, and Shuttle Pharmaceuticals. OptiNose, Inc., a specialty pharmaceutical company, focuses on the development and commercialization of products for pat... More
OptiNose 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 OptiNose'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 OptiNose upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 32.83 | |||
| Value At Risk | (11.36) | |||
| Potential Upside | 8.57 |
OptiNose Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OptiNose's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OptiNose's standard deviation. In reality, there are many statistical measures that can use OptiNose historical prices to predict the future OptiNose's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.18) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OptiNose's 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.
OptiNose Backtested Returns
OptiNose maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. OptiNose exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OptiNose's Coefficient Of Variation of (749.20), risk adjusted performance of (0.09), and Variance of 36.92 to confirm the risk estimate we provide. The company holds a Beta of 2.96, 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, OptiNose will likely underperform. At this point, OptiNose has a negative expected return of -0.85%. Please make sure to check OptiNose's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if OptiNose performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
OptiNose has good predictability. Overlapping area represents the amount of predictability between OptiNose time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 OptiNose price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current OptiNose price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
OptiNose lagged returns against current returns
Autocorrelation, which is OptiNose 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 OptiNose's stock expected returns. We can calculate the autocorrelation of OptiNose returns to help us make a trade decision. For example, suppose you find that OptiNose 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 |
OptiNose 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 OptiNose stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OptiNose stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OptiNose stock over time.
Current vs Lagged Prices |
| Timeline |
OptiNose Lagged Returns
When evaluating OptiNose's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OptiNose stock have on its future price. OptiNose 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, OptiNose autocorrelation shows the relationship between OptiNose stock current value and its past values and can show if there is a momentum factor associated with investing in OptiNose.
Regressed Prices |
| Timeline |
Pair Trading with OptiNose
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 OptiNose 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 OptiNose will appreciate offsetting losses from the drop in the long position's value.Moving together with OptiNose Stock
Moving against OptiNose Stock
| 0.81 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.66 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.65 | GILD | Gilead Sciences | PairCorr |
| 0.51 | KZR | Kezar Life Sciences | PairCorr |
| 0.5 | VRDN | Viridian Therapeutics | PairCorr |
The ability to find closely correlated positions to OptiNose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OptiNose 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 OptiNose - 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 OptiNose to buy it.
The correlation of OptiNose 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 OptiNose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OptiNose 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 OptiNose 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.Check out OptiNose Correlation, OptiNose Volatility and OptiNose Alpha and Beta module to complement your research on OptiNose. To learn how to invest in OptiNose Stock, please use our How to Invest in OptiNose guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
OptiNose 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.