Owens Minor Stock Probability of Future Stock Price Finishing Under 27.71
| OMI Stock | USD 25.09 0.97 4.02% |
Closest to current price Owens long CALL Option Payoff at Expiration
Owens |
Owens Minor Target Price Odds to finish below 27.71
The tendency of Owens Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 27.71 after 90 days |
| 25.09 | 90 days | 27.71 | more than 93.0 |
Based on a normal probability distribution, the odds of Owens Minor to stay under $ 27.71 after 90 days from now is more than 93.0 (This Owens Minor probability density function shows the probability of Owens Stock to fall within a particular range of prices over 90 days) . Probability of Owens Minor price to stay between its current price of $ 25.09 and $ 27.71 at the end of the 90-day period is about 25.69 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.04 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Owens Minor will likely underperform. Additionally Owens Minor has an alpha of 0.2302, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Owens Minor Price Density |
| Price |
Predictive Modules for Owens Minor
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Owens Minor. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Owens Minor Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Owens Minor is not an exception. The market had few large corrections towards the Owens Minor's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Owens Minor, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Owens Minor within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.23 | |
β | Beta against NYSE Composite | 2.04 | |
σ | Overall volatility | 2.51 | |
Ir | Information ratio | 0.13 |
Owens Minor Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Owens Minor for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Owens Minor can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 10.33 B. Reported Net Loss for the year was (41.3 M) with profit before taxes, overhead, and interest of 1.83 B. | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Owens Minor executive sells 124,200 in company stock |
Owens Minor Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Owens Stock often depends not only on the future outlook of the current and potential Owens Minor's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Owens Minor's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.8 M | |
| Cash And Short Term Investments | 243 M |
Owens Minor Technical Analysis
Owens Minor's future price can be derived by breaking down and analyzing its technical indicators over time. Owens Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Owens Minor. In general, you should focus on analyzing Owens Stock price patterns and their correlations with different microeconomic environments and drivers.
Owens Minor Predictive Forecast Models
Owens Minor's time-series forecasting models is one of many Owens Minor's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Owens Minor's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Owens Minor
Checking the ongoing alerts about Owens Minor for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Owens Minor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 10.33 B. Reported Net Loss for the year was (41.3 M) with profit before taxes, overhead, and interest of 1.83 B. | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Owens Minor executive sells 124,200 in company stock |
Check out Owens Minor Backtesting, Owens Minor Valuation, Owens Minor Correlation, Owens Minor Hype Analysis, Owens Minor Volatility, Owens Minor History as well as Owens Minor Performance. For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Owens Stock analysis
When running Owens Minor's 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 the 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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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 (0.72) | Earnings Share (0.54) | Revenue Per Share 136.359 | Quarterly Revenue Growth 0.041 | Return On Assets 0.0372 |
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 if Owens Minor is a good investment 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.