Ortho Stock Today

Ortho Clinical Diagnostics is currently unavailable and cannot be used in your analysis. The information on this page reflects the last day Ortho Clinical was actively traded.
Valuation
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Ortho Clinical Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Ortho Clinical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ortho Clinical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ortho Clinical's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Ortho Clinical Diagnostics (OCDX) is traded on NMS Exchange in USA and employs 4,800 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 4.19 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ortho Clinical's market, we take the total number of its shares issued and multiply it by Ortho Clinical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Ortho Clinical Diagn conducts business under Healthcare sector and is part of Diagnostics & Research industry. The entity has 237.74 M outstanding shares of which 7.02 M shares are now shorted by private and institutional investors with about 8.03 trading days to cover. Ortho Clinical Diagnostics currently holds about 281.1 M in cash with 292.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.18.
Check Ortho Clinical Probability Of Bankruptcy

Ortho Stock Price Odds Analysis

What are Ortho Clinical's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Ortho Clinical jumping above the current price in 90 days from now is about 69.15%. The Ortho Clinical Diagnostics probability density function shows the probability of Ortho Clinical stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Ortho Clinical has a beta of 0.204. This indicates as returns on the market go up, Ortho Clinical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ortho Clinical Diagnostics will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0364, implying that it can generate a 0.0364 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 17.63HorizonTargetOdds Above 17.63
30.59%90 days
 17.63 
69.15%
Based on a normal probability distribution, the odds of Ortho Clinical to move above the current price in 90 days from now is about 69.15 (This Ortho Clinical Diagnostics probability density function shows the probability of Ortho Stock to fall within a particular range of prices over 90 days) .

Ortho Clinical Diagn Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ortho Clinical market risk premium is the additional return an investor will receive from holding Ortho Clinical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ortho Clinical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ortho Clinical's alpha and beta are two of the key measurements used to evaluate Ortho Clinical's performance over the market, the standard measures of volatility play an important role as well.

Ortho Stock Against Markets

Picking the right benchmark for Ortho Clinical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ortho Clinical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ortho Clinical is critical whether you are bullish or bearish towards Ortho Clinical Diagnostics at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ortho Clinical stock to make a market-neutral strategy. Peer analysis of Ortho Clinical could also be used in its relative valuation, which is a method of valuing Ortho Clinical by comparing valuation metrics with similar companies.

Investing Ortho Clinical Diagnostics

You need to understand the risk of investing before taking a position in Ortho Clinical. The danger of trading Ortho Clinical Diagnostics is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ortho Clinical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ortho Clinical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ortho Clinical Diagn is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Ortho Clinical Diagn information on this page should be used as a complementary analysis to other Ortho Clinical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Other Tools for Ortho Stock

When running Ortho Clinical Diagn price analysis, check to measure Ortho Clinical'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 Ortho Clinical is operating at the current time. Most of Ortho Clinical's value examination focuses on studying past and present price action to predict the probability of Ortho Clinical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ortho Clinical's price. Additionally, you may evaluate how the addition of Ortho Clinical to your portfolios can decrease your overall portfolio volatility.
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