Owens Stock Market Value

OMI
 Stock
  

USD 21.03  0.63  3.09%   

Owens Minor's market value is the price at which a share of Owens Minor stock trades on a public exchange. It measures the collective expectations of Owens Minor investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Owens Minor and determine expected loss or profit from investing in Owens Minor over a given investment horizon. Please check Owens Minor Correlation, Owens Minor Volatility and Owens Minor Alpha and Beta module to complement your research on Owens Minor.
Symbol


Is Owens Minor's industry 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 Owens Minor. If investors know Owens 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 Owens Minor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.72) 
Market Capitalization
1.6 B
Quarterly Revenue Growth YOY
(0.002) 
Return On Assets
0.0438
Return On Equity
0.13
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor'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 Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor'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 Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine Owens Minor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor'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.

Owens Minor '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 Owens Minor'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 Owens Minor.
0.00
11/03/2022
No Change 0.00  0.0 
In 31 days
12/03/2022
0.00
If you would invest  0.00  in Owens Minor on November 3, 2022 and sell it all today you would earn a total of 0.00 from holding Owens Minor or generate 0.0% return on investment in Owens Minor over 30 days. Owens Minor is related to or competes with ABIOMED, Abbott Laboratories, Aethlon Medical, Align Technology, and AngioDynamics. Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and i... More

Owens Minor 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 Owens Minor'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 Owens Minor upside and downside potential and time the market with a certain degree of confidence.

Owens Minor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Owens Minor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Owens Minor's standard deviation. In reality, there are many statistical measures that can use Owens Minor historical prices to predict the future Owens Minor's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Owens Minor'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 Owens Minor in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
15.3921.0126.63
Details
Intrinsic
Valuation
LowReal ValueHigh
18.9329.4435.06
Details
1 Analysts
Consensus
LowTarget PriceHigh
50.0055.0060.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
3.953.994.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Owens Minor. Your research has to be compared to or analyzed against Owens Minor's peers to derive any actionable benefits. When done correctly, Owens Minor'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 Owens Minor.

Owens Minor Backtested Returns

Owens Minor maintains Sharpe Ratio (i.e., Efficiency) of -0.0381, which implies the firm had -0.0381% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Owens Minor exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Owens Minor coefficient of variation of (1,683), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
The company holds a Beta of 1.6673, which implies a somewhat significant risk relative to the market. Let's try to break down what Owens's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Owens Minor will likely underperform. Even though it is essential to pay attention to Owens Minor current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Owens Minor exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Owens Minor has an expected return of -0.21%. Please be advised to check Owens Minor potential upside, and the relationship between the total risk alpha and kurtosis to decide if Owens Minor performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.00  

No correlation between past and present

Owens Minor has no correlation between past and present. Overlapping area represents the amount of predictability between Owens Minor time series from 3rd of November 2022 to 18th of November 2022 and 18th of November 2022 to 3rd of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Owens Minor price movement. The serial correlation of 0.0 indicates that just 0.0% of current Owens Minor price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.36

Owens Minor lagged returns against current returns

Autocorrelation, which is Owens Minor 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 Owens Minor's stock expected returns. We can calculate the autocorrelation of Owens Minor returns to help us make a trade decision. For example, suppose you find that Owens Minor stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Owens Minor 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 Owens Minor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Owens Minor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Owens Minor stock over time.
   Current vs Lagged Prices   
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       Timeline  

Owens Minor Lagged Returns

When evaluating Owens Minor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Owens Minor stock have on its future price. Owens Minor 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, Owens Minor autocorrelation shows the relationship between Owens Minor stock current value and its past values and can show if there is a momentum factor associated with investing in Owens Minor.
   Regressed Prices   
Share
       Timeline  

Owens Minor Investors Sentiment

The influence of Owens Minor's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Owens. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Owens Minor's public news can be used to forecast risks associated with investment in Owens. The trend in average sentiment can be used to explain how an investor holding Owens can time the market purely based on public headlines and social activities around Owens Minor. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Owens Minor's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Owens Minor's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Owens Minor's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Owens Minor.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Owens Minor in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Owens Minor's short interest history, or implied volatility extrapolated from Owens Minor options trading.

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Please check Owens Minor Correlation, Owens Minor Volatility and Owens Minor Alpha and Beta module to complement your research on Owens Minor. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for analysis

When running Owens Minor price analysis, check to measure Owens Minor'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 Owens Minor is operating at the current time. Most of Owens Minor's value examination focuses on studying past and present price action to predict the probability of Owens Minor's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Owens Minor's price. Additionally, you may evaluate how the addition of Owens Minor to your portfolios can decrease your overall portfolio volatility.
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Owens Minor 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.
A focus of Owens Minor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Owens Minor trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...