OBSERVE Competitors

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of OBSERVE MEDICAL'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. Please use the tools below to analyze the current value of OBSERVE MEDICAL in the context of predictive analytics.
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LowEstimated ValueHigh
0.000.000.00
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Intrinsic
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LowReal ValueHigh
0.000.000.00
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as OBSERVE MEDICAL. Your research has to be compared to or analyzed against OBSERVE MEDICAL's peers to derive any actionable benefits. When done correctly, OBSERVE MEDICAL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in OBSERVE MEDICAL.

OBSERVE MEDICAL Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between OBSERVE MEDICAL and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of OBSERVE and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of OBSERVE MEDICAL does not affect the price movement of the other competitor.
MORG
MING
SALM
PEXIP
SOFTX
QFUEL
ENDUR
MORG
0.490.630.40.60.790.01
MORG
MING
0.490.330.070.360.410.24
MING
SALM
0.630.330.680.820.78-0.09
SALM
PEXIP
0.40.070.680.880.7-0.52
PEXIP
SOFTX
0.60.360.820.880.83-0.37
SOFTX
QFUEL
0.790.410.780.70.83-0.19
QFUEL
ENDUR
0.010.24-0.09-0.52-0.37-0.19
ENDUR
MORG
MING
SALM
PEXIP
SOFTX
QFUEL
ENDUR
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

OBSERVE MEDICAL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between OBSERVE Stock performing well and OBSERVE MEDICAL company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze OBSERVE MEDICAL's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

OBSERVE MEDICAL Competitive Analysis

The better you understand OBSERVE MEDICAL competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, OBSERVE MEDICAL's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across OBSERVE MEDICAL's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
MORGMINGSALMPEXIPSOFTXQFUELENDUR
 1.87 
 71.00 
SPAREBANKEN
 3.20 
 116.20 
SPAREBANK
 49.29 
 567.00 
SALMAR
 1.94 
 9.45 
PEXIP
 14.47 
 26.10 
SOFTOX
 5.75 
 9.20 
QUANTAFUEL
 9.46 
 22.00 
ENDUR
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(90 Days Market Risk)
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(90 Days Performance)
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(Probability Of Bankruptcy)
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Trade Advice
(90 Days Macroaxis Advice)
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Risk Adjusted Performance
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Information Ratio
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Semi Variance

OBSERVE MEDICAL Competition Performance Charts

Complement your OBSERVE MEDICAL position

In addition to having OBSERVE MEDICAL 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 Healthcare Thematic Idea Now

Healthcare
Healthcare Theme
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 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 Healthcare Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Tools for OBSERVE Stock

When running OBSERVE MEDICAL price analysis, check to measure OBSERVE MEDICAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OBSERVE MEDICAL is operating at the current time. Most of OBSERVE MEDICAL's value examination focuses on studying past and present price action to predict the probability of OBSERVE MEDICAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OBSERVE MEDICAL's price. Additionally, you may evaluate how the addition of OBSERVE MEDICAL to your portfolios can decrease your overall portfolio volatility.
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OBSERVE MEDICAL competes with SPAREBANKEN MORE, SPAREBANK, SALMAR ASA, PEXIP HOLDING, and SOFTOX SOLUTIONS; as well as few others. The company operates under Healthcare sector and is part of Medical Devices industry. Analyzing OBSERVE MEDICAL competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of OBSERVE MEDICAL to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of OBSERVE MEDICAL competition on your existing holdings. Check out Your Equity Center.