Ontrak Inc Stock Technical Analysis
| OTRK Stock | USD 1.80 0.05 2.70% |
As of the 1st of December, Ontrak holds the Coefficient Of Variation of (1,457), risk adjusted performance of (0.04), and Variance of 66.43. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ontrak, as well as the relationship between them.
Ontrak Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ontrak, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OntrakOntrak |
Ontrak Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 2.5 | Buy | 1 | Odds |
Most Ontrak analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ontrak stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ontrak Inc, talking to its executives and customers, or listening to Ontrak conference calls.
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.
Ontrak Inc Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ontrak Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ontrak Inc Trend Analysis
Use this graph to draw trend lines for Ontrak Inc. You can use it to identify possible trend reversals for Ontrak as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ontrak price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ontrak Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ontrak Inc applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Ontrak Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 26.71, which is the sum of squared deviations for the predicted Ontrak price change compared to its average price change.About Ontrak Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ontrak Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ontrak Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ontrak Inc price pattern first instead of the macroeconomic environment surrounding Ontrak Inc. By analyzing Ontrak's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ontrak's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ontrak specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005088 | 0.0175 | 0.0157 | 0.0165 | Price To Sales Ratio | 20.92 | 8.84 | 5.27 | 5.01 |
Ontrak December 1, 2024 Technical Indicators
Most technical analysis of Ontrak help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ontrak from various momentum indicators to cycle indicators. When you analyze Ontrak charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.87) | |||
| Mean Deviation | 4.33 | |||
| Coefficient Of Variation | (1,457) | |||
| Standard Deviation | 8.15 | |||
| Variance | 66.43 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | (0.88) | |||
| Maximum Drawdown | 66.5 | |||
| Value At Risk | (7.61) | |||
| Potential Upside | 5.91 | |||
| Skewness | 3.75 | |||
| Kurtosis | 26.42 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ontrak Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.