Omega Flex Stock Probability of Future Stock Price Finishing Over 45.28
| OFLX Stock | USD 45.28 1.15 2.48% |
Omega |
Omega Flex Target Price Odds to finish over 45.28
The tendency of Omega 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 move above the current price in 90 days |
| 45.28 | 90 days | 45.28 | about 99.0 |
Based on a normal probability distribution, the odds of Omega Flex to move above the current price in 90 days from now is about 99.0 (This Omega Flex probability density function shows the probability of Omega Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.64 . 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, Omega Flex will likely underperform. Additionally Omega Flex 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. Omega Flex Price Density |
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Predictive Modules for Omega Flex
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Omega Flex. 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.Omega Flex Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Omega Flex is not an exception. The market had few large corrections towards the Omega Flex'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 Omega Flex, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Omega Flex within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 1.64 | |
σ | Overall volatility | 2.07 | |
Ir | Information ratio | -0.1 |
Omega Flex 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 Omega Flex for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Omega Flex can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Omega Flex generated a negative expected return over the last 90 days | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2024 |
Omega Flex 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 Omega Stock often depends not only on the future outlook of the current and potential Omega Flex'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. Omega Flex's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.1 M | |
| Cash And Short Term Investments | 46.4 M |
Omega Flex Technical Analysis
Omega Flex's future price can be derived by breaking down and analyzing its technical indicators over time. Omega Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Omega Flex. In general, you should focus on analyzing Omega Stock price patterns and their correlations with different microeconomic environments and drivers.
Omega Flex Predictive Forecast Models
Omega Flex's time-series forecasting models is one of many Omega Flex'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 Omega Flex'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 Omega Flex
Checking the ongoing alerts about Omega Flex for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Omega Flex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Omega Flex generated a negative expected return over the last 90 days | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2024 |
Additional Tools for Omega Stock Analysis
When running Omega Flex's price analysis, check to measure Omega Flex'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 Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.