Owens Minor (Germany) Probability of Future Stock Price Finishing Over 10.6
| 6OM Stock | EUR 13.70 0.20 1.48% |
Owens |
Owens Minor Target Price Odds to finish over 10.6
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 above € 10.60 in 90 days |
| 13.70 | 90 days | 10.60 | close to 99 |
Based on a normal probability distribution, the odds of Owens Minor to stay above € 10.60 in 90 days from now is close to 99 (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 € 10.60 and its current price of €13.7 at the end of the 90-day period is about 85.8 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.49 . This suggests 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 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.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 Dow Jones | -0.03 | |
β | Beta against Dow Jones | 1.49 | |
σ | Overall volatility | 0.89 | |
Ir | Information ratio | 0.01 |
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.| Owens Minor had very high historical volatility over the last 90 days | |
| Owens Minor has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 97.0% of the company shares are owned by institutions such as pension funds |
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 | 75.4 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.
| Owens Minor had very high historical volatility over the last 90 days | |
| Owens Minor has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 97.0% of the company shares are owned by institutions such as pension funds |
Additional Information and Resources on Investing in Owens Stock
When determining whether Owens Minor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Minor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Minor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Minor 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.