OMEGA HEALTHCARE INVS Market Value
| 681936BD1 | 99.89 0.23 0.23% |
| Symbol | OMEGA |
OMEGA '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 OMEGA's bond 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 OMEGA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in OMEGA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding OMEGA HEALTHCARE INVS or generate 0.0% return on investment in OMEGA over 30 days. OMEGA is related to or competes with Western Acquisition, SEI Investments, Sealed Air, Stepan, Eastman Chemical, Sabra Healthcare, and Cedar Realty. More
OMEGA 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 OMEGA's bond 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 OMEGA HEALTHCARE INVS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.05 |
OMEGA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMEGA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMEGA's standard deviation. In reality, there are many statistical measures that can use OMEGA historical prices to predict the future OMEGA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 1.17 |
OMEGA HEALTHCARE INVS Backtested Returns
OMEGA HEALTHCARE INVS maintains Sharpe Ratio (i.e., Efficiency) of -0.0761, which implies the entity had a -0.0761% return per unit of risk over the last 3 months. OMEGA HEALTHCARE INVS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OMEGA's Risk Adjusted Performance of (0.04), mean deviation of 0.4588, and Coefficient Of Variation of (1,716) to confirm the risk estimate we provide. The bond holds a Beta of -0.0549, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OMEGA are expected to decrease at a much lower rate. During the bear market, OMEGA is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
OMEGA HEALTHCARE INVS has virtually no predictability. Overlapping area represents the amount of predictability between OMEGA 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 OMEGA HEALTHCARE INVS price movement. The serial correlation of 0.06 indicates that barely 6.0% of current OMEGA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
OMEGA HEALTHCARE INVS lagged returns against current returns
Autocorrelation, which is OMEGA bond'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 OMEGA's bond expected returns. We can calculate the autocorrelation of OMEGA returns to help us make a trade decision. For example, suppose you find that OMEGA has exhibited high autocorrelation historically, and you observe that the bond 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 |
OMEGA 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 OMEGA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMEGA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMEGA bond over time.
Current vs Lagged Prices |
| Timeline |
OMEGA Lagged Returns
When evaluating OMEGA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMEGA bond have on its future price. OMEGA 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, OMEGA autocorrelation shows the relationship between OMEGA bond current value and its past values and can show if there is a momentum factor associated with investing in OMEGA HEALTHCARE INVS.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in OMEGA Bond
OMEGA financial ratios help investors to determine whether OMEGA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OMEGA with respect to the benefits of owning OMEGA security.