Omni Health Beta vs. Book Value Per Share
Considering the key profitability indicators obtained from Omni Health's historical financial statements, Omni Health is yielding more profit at the moment then in previous quarter. It has a moderate risk of reporting better profitability numbers in January. Profitability indicators assess Omni Health's ability to earn profits and add value for shareholders. At present, Omni Health's Days Of Sales Outstanding is projected to increase significantly based on the last few years of reporting. At present, Omni Health's Net Income From Continuing Ops is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 1.5 M, whereas Change To Netincome is forecasted to decline to (31.1 K).
Check out Your Equity Center. For information on how to trade Omni Stock refer to our How to Trade Omni Stock guide.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Gross Profit Margin | 0.33 | 0.38 |
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| Return On Equity | 0.39 | 0.41 |
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For Omni Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Omni Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Omni Health utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Omni Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Omni Health over time as well as its relative position and ranking within its peers.
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Is Consumer Staples Distribution & Retail 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 Omni Health. If investors know Omni 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 Omni Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth 36.608 |
The market value of Omni Health is measured differently than its book value, which is the value of Omni that is recorded on the company's balance sheet. Investors also form their own opinion of Omni Health's value that differs from its market value or its book value, called intrinsic value, which is Omni 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 Omni Health's market value can be influenced by many factors that don't directly affect Omni 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 Omni Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omni Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omni 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.
Omni Health Book Value Per Share vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Omni Health's current stock value. Our valuation model uses many indicators to compare Omni Health value to that of its competitors to determine the firm's financial worth. Omni Health is regarded third in beta category among its peers. It also is regarded third in book value per share category among its peers creating about 0.30 of Book Value Per Share per Beta. The ratio of Beta to Book Value Per Share for Omni Health is roughly 3.33 . At present, Omni Health's Book Value Per Share is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Omni Health by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Omni Book Value Per Share vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Omni Book Value Per Share Comparison
Omni Health is currently under evaluation in book value per share category among its peers.
Beta Analysis
As returns on the market increase, Omni Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Omni Health is expected to be smaller as well.
Omni Health Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Omni Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Omni Health will eventually generate negative long term returns. The profitability progress is the general direction of Omni Health's change in net profit over the period of time. It can combine multiple indicators of Omni Health, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 466.3 K | 489.7 K | |
| Net Income From Continuing Ops | 1.5 M | 1.5 M | |
| Income Before Tax | 1.5 M | 1.5 M | |
| Total Other Income Expense Net | 774.1 K | 458.7 K | |
| Net Income Applicable To Common Shares | 1.5 M | 1.5 M | |
| Net Income | 1.5 M | 1.5 M | |
| Change To Netincome | -29.6 K | -31.1 K | |
| Income Quality | (0.04) | (0.04) |
Omni Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Omni Health. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Omni Health position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Omni Health's important profitability drivers and their relationship over time.
Use Omni Health in pair-trading
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 Omni Health 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 Omni Health will appreciate offsetting losses from the drop in the long position's value.Omni Health Pair Trading
Omni Health Pair Trading Analysis
The ability to find closely correlated positions to Omni Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omni Health 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 Omni Health - 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 Omni Health to buy it.
The correlation of Omni Health 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 Omni Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omni Health 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 Omni Health 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.Use Investing Themes to Complement your Omni Health position
In addition to having Omni Health in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Wireless Thematic Idea Now
Wireless
Companies providing wireless technology and communication services. The Wireless theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wireless Theme or any other thematic opportunities.
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Check out Your Equity Center. For information on how to trade Omni Stock refer to our How to Trade Omni Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
To fully project Omni Health's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Omni Health at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Omni Health's income statement, its balance sheet, and the statement of cash flows.