Ontrak Inc Stock Market Value
| OTRK Stock | USD 1.85 0.05 2.78% |
| Symbol | Ontrak |
Ontrak Inc 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 Ontrak. If investors know Ontrak 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 Ontrak listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 31.91 | Revenue Per Share 4.585 | Quarterly Revenue Growth (0.17) | Return On Assets (0.45) | Return On Equity (3.41) |
The market value of Ontrak Inc is measured differently than its book value, which is the value of Ontrak that is recorded on the company's balance sheet. Investors also form their own opinion of Ontrak's value that differs from its market value or its book value, called intrinsic value, which is Ontrak'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 Ontrak's market value can be influenced by many factors that don't directly affect Ontrak'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 Ontrak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ontrak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ontrak'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.
Ontrak '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 Ontrak'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 Ontrak.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ontrak on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ontrak Inc or generate 0.0% return on investment in Ontrak over 30 days. Ontrak is related to or competes with American Well, Root, Goodrx Holdings, Bigcommerce Holdings, and EXp World. Ontrak, Inc. operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that... More
Ontrak 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 Ontrak'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 Ontrak Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 66.5 | |||
| Value At Risk | (7.61) | |||
| Potential Upside | 5.91 |
Ontrak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontrak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ontrak's standard deviation. In reality, there are many statistical measures that can use Ontrak historical prices to predict the future Ontrak's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | (0.85) |
Ontrak Inc Backtested Returns
Ontrak Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.0521, which implies the firm had a -0.0521% return per unit of risk over the last 3 months. Ontrak Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ontrak's Risk Adjusted Performance of (0.05), coefficient of variation of (1,300), and Variance of 67.07 to confirm the risk estimate we provide. The company holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ontrak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ontrak is expected to be smaller as well. At this point, Ontrak Inc has a negative expected return of -0.43%. Please make sure to check Ontrak's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Ontrak Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Ontrak Inc has insignificant predictability. Overlapping area represents the amount of predictability between Ontrak time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ontrak Inc price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Ontrak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ontrak Inc lagged returns against current returns
Autocorrelation, which is Ontrak 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 Ontrak's stock expected returns. We can calculate the autocorrelation of Ontrak returns to help us make a trade decision. For example, suppose you find that Ontrak 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 |
Ontrak 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 Ontrak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ontrak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ontrak stock over time.
Current vs Lagged Prices |
| Timeline |
Ontrak Lagged Returns
When evaluating Ontrak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ontrak stock have on its future price. Ontrak 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, Ontrak autocorrelation shows the relationship between Ontrak stock current value and its past values and can show if there is a momentum factor associated with investing in Ontrak Inc.
Regressed Prices |
| Timeline |
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Ontrak 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.