The average rating for Olink Holding AB stock is a 'Buy', as agreed upon by four analysts. Is this consensus derived from technical analyses? It's important to understand that conventional technical analysis involves the study of price momentum, patterns, and trends by examining historical prices. The goal is to identify signals based on the market sentiment of Olink Holding, which reflects investors' perception of the company's future value. Let's delve into a few aspects of Olink's technical analysis.
Additional examination
Olink Holding AB (OLK) has shown significant volatility over the past year, as evidenced by its high standard deviation of
8.63 and a coefficient of variation of
1.3K. Despite the risk, the stock's potential upside of
4.4% suggests that there could be a bullish surge in the near future. However, investors should be aware of the company's
financial health, as it reported a loss before tax of $15.4M and an income tax expense of $2.6M. On the brighter side, Olink's market risk adjusted performance stands at 0.3278, indicating that the stock has provided a reasonable return relative to its risk level. Given the stock's current low price of $24.5 compared to its 52-week high of $26.47, coupled with a short ratio of 18.66 indicating that short sellers may need to cover their positions, Olink could be poised for a bullish surge in November.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Olink Holding AB. In general, sophisticated investors focus on analyzing Olink Holding stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Olink Holding's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Olink Holding's intrinsic value. In addition to deriving basic predictive indicators for Olink Holding, many experienced traders also check how macroeconomic factors affect Olink Holding price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
How does Olink Stands against Peers?
Analyzing Olink Holding competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Olink Holding across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Olink Holding Competition DetailsCloser look at Olink Holding Semi Variance
Olink Holding AB has current Semi Variance of 6.75. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Variance | = | SUM(RET DEV)2 N(ZERO) |
| = | 6.75 |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Let's now compare Olink Holding Semi Variance to its closest peers:
| OLK | 6.746303063609124 |
| KA | 20.41 |
| VACC | 16.68 |
Olink Holding AB (NASDAQ: OLK) is showing signs of a potential bullish surge as we head into November. The life sciences tools & services company, with a market capitalization of
1.85 billion, has a 52-week high of 26.47, hinting at a significant upside potential from its 50-day moving average of 15.4398. Despite a net income loss of 15.4 million, the company maintains a strong current ratio of 5.33X and a substantial net asset of 476.29 million.
The company's beta of 0.83 suggests less volatility compared to the overall market. Institutional ownership stands at 36.35%, indicating significant confidence among savvy investors. The short percent of 0.0598, combined with a short ratio of 18.66X, suggests that short sellers are not heavily betting against the stock. Olink's price to book ratio stands at 6.91X, slightly above the industry average, reflecting the market's positive sentiment towards the stock. Despite a high probability of bankruptcy at 73.17%, the company's risk-adjusted performance of 0.0541 and total risk alpha of 2.18 suggest that the potential returns could outweigh the risks. With a Wall Street target price of
25, Olink Holding AB could be poised for a bullish surge in the coming month. .
Will Olink pull back in November 2023?
The latest Sortino ratio for Olink Holding AB, a crucial measure of risk-adjusted performance, stands at 0.24. This relatively low figure suggests that the company's returns are not adequately compensating for the downside risk it is assuming. Consequently, investors should proceed with caution. As we near November 2023, there is a possibility for Olink to experience a pullback, particularly if the company continues to lag in terms of
risk-adjusted returns. As always, investors are encouraged to consider their risk tolerance and investment goals before making any trading decisions. As of October 21st, Olink Holding reports a Semi Deviation of 2.6, risk-adjusted performance of 0.0541, and Coefficient Of Variation of 1287.38. When compared to fundamental indicators, the
technical analysis model enables you to examine existing technical drivers of Olink Holding, as well as their interrelationships. In other words, this information can be used to determine whether the company will indeed reflect its historical market data model, or if the prices will eventually revert. We were able to deconstruct and interpolate nineteen technical drivers for Olink Holding AB, which can be compared to its rivals.
We recommend you to review Olink Holding AB's downside deviation, Jensen's alpha, as well as the relationship between Jensen's Alpha and downside variance to determine if Olink Holding AB is somewhat accurately priced, given that the market reflects its current price of 24.75 per share. Considering that Olink Holding has a Jensen's alpha of 0.8712, we suggest you review Olink Holding AB's recent market performance to ensure the company can sustain itself in the future. In light of the
current market conditions, Olink Holding AB (OLK) presents a compelling investment opportunity. Despite a modest market slide, the stock has demonstrated a steady surge, underscoring its resilience. Analysts have a bullish consensus on the stock, with
3 strong buy recommendations out of
5 estimates. The estimated target price stands at $24.6, with the highest estimate reaching up to $30, offering a promising upside potential. However, investors should also consider the lower estimate of $18. The company's valuation real value is $21.46, slightly below its market value of $24.75, suggesting that the stock is currently fairly valued. As we approach the fiscal year end in December, investors should keep a close eye on Olink's performance. .
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Olink Holding AB. Please refer to our
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