Onemednet Corp Stock Market Value
| ONMD Stock | 1.40 0.35 33.33% |
| Symbol | OneMedNet |
OneMedNet Corp Price To Book Ratio
Is Health Care Technology space 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 OneMedNet Corp. If investors know OneMedNet 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 OneMedNet Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.11 | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.292 | Return On Assets (0.34) |
The market value of OneMedNet Corp is measured differently than its book value, which is the value of OneMedNet that is recorded on the company's balance sheet. Investors also form their own opinion of OneMedNet Corp's value that differs from its market value or its book value, called intrinsic value, which is OneMedNet Corp'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 OneMedNet Corp's market value can be influenced by many factors that don't directly affect OneMedNet Corp'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 OneMedNet Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMedNet Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMedNet Corp'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.
OneMedNet Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OneMedNet Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OneMedNet Corp.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in OneMedNet Corp on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding OneMedNet Corp or generate 0.0% return on investment in OneMedNet Corp over 30 days. OneMedNet Corp is related to or competes with GeneDx Holdings, Humacyte, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. Vertical Health Solutions, Inc. engages in developing and commercializing Magnetic Resonance Imaging quality assurance software technologies to hospitals and imaging centers in the United States. More
OneMedNet Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OneMedNet Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OneMedNet Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.14 | |||
| Information Ratio | 0.1796 | |||
| Maximum Drawdown | 35.64 | |||
| Value At Risk | (10.20) | |||
| Potential Upside | 16.67 |
OneMedNet Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneMedNet Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneMedNet Corp's standard deviation. In reality, there are many statistical measures that can use OneMedNet Corp historical prices to predict the future OneMedNet Corp's volatility.| Risk Adjusted Performance | 0.1545 | |||
| Jensen Alpha | 1.45 | |||
| Total Risk Alpha | 1.23 | |||
| Sortino Ratio | 0.2325 | |||
| Treynor Ratio | (25.18) |
OneMedNet Corp Backtested Returns
OneMedNet Corp is abnormally volatile given 3 months investment horizon. OneMedNet Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.58% are justified by taking the suggested risk. Use OneMedNet Corp Semi Deviation of 4.69, coefficient of variation of 544.47, and Risk Adjusted Performance of 0.1545 to evaluate company specific risk that cannot be diversified away. OneMedNet Corp holds a performance score of 15 on a scale of zero to a hundred. The company holds a Beta of -0.0576, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OneMedNet Corp are expected to decrease at a much lower rate. During the bear market, OneMedNet Corp is likely to outperform the market. Use OneMedNet Corp semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to analyze future returns on OneMedNet Corp.
Auto-correlation | -0.23 |
Weak reverse predictability
OneMedNet Corp has weak reverse predictability. Overlapping area represents the amount of predictability between OneMedNet Corp time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OneMedNet Corp price movement. The serial correlation of -0.23 indicates that over 23.0% of current OneMedNet Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
OneMedNet Corp lagged returns against current returns
Autocorrelation, which is OneMedNet Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OneMedNet Corp's stock expected returns. We can calculate the autocorrelation of OneMedNet Corp returns to help us make a trade decision. For example, suppose you find that OneMedNet Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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OneMedNet Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OneMedNet Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneMedNet Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneMedNet Corp stock over time.
Current vs Lagged Prices |
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OneMedNet Corp Lagged Returns
When evaluating OneMedNet Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneMedNet Corp stock have on its future price. OneMedNet Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OneMedNet Corp autocorrelation shows the relationship between OneMedNet Corp stock current value and its past values and can show if there is a momentum factor associated with investing in OneMedNet Corp.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether OneMedNet Corp is a strong investment it is important to analyze OneMedNet Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OneMedNet Corp's future performance. For an informed investment choice regarding OneMedNet Stock, refer to the following important reports:Check out OneMedNet Corp Correlation, OneMedNet Corp Volatility and OneMedNet Corp Alpha and Beta module to complement your research on OneMedNet Corp. For information on how to trade OneMedNet Stock refer to our How to Trade OneMedNet Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
OneMedNet Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.