Onespan Stock Market Value
| OSPN Stock | USD 10.01 0.09 0.91% |
| Symbol | OneSpan |
OneSpan Price To Book Ratio
Is OneSpan'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 OneSpan. If investors know OneSpan 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 OneSpan 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 0.27 | Earnings Share (0.74) | Revenue Per Share 5.849 | Quarterly Revenue Growth 0.111 | Return On Assets (0.02) |
The market value of OneSpan is measured differently than its book value, which is the value of OneSpan that is recorded on the company's balance sheet. Investors also form their own opinion of OneSpan's value that differs from its market value or its book value, called intrinsic value, which is OneSpan'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 OneSpan's market value can be influenced by many factors that don't directly affect OneSpan'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 OneSpan's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneSpan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneSpan'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.
OneSpan '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 OneSpan'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 OneSpan.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in OneSpan on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding OneSpan or generate 0.0% return on investment in OneSpan over 30 days. OneSpan is related to or competes with Block, Adobe Systems, Crowdstrike Holdings, Cloudflare, and Okta. OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, a... More
OneSpan 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 OneSpan'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 OneSpan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 35.89 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 4.8 |
OneSpan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneSpan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneSpan's standard deviation. In reality, there are many statistical measures that can use OneSpan historical prices to predict the future OneSpan's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.0204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OneSpan'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.
OneSpan Backtested Returns
We consider OneSpan somewhat reliable. OneSpan maintains Sharpe Ratio (i.e., Efficiency) of 0.0021, which implies the firm had a 0.0021% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OneSpan, which you can use to evaluate the volatility of the company. Please check OneSpan's Risk Adjusted Performance of 0.0211, coefficient of variation of 4923.56, and Semi Deviation of 4.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0097%. The company holds a Beta of 3.97, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OneSpan will likely underperform. OneSpan right now holds a risk of 4.53%. Please check OneSpan potential upside, and the relationship between the total risk alpha and kurtosis , to decide if OneSpan will be following its historical price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
OneSpan has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OneSpan time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th of April 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 OneSpan price movement. The serial correlation of -0.75 indicates that around 75.0% of current OneSpan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
OneSpan lagged returns against current returns
Autocorrelation, which is OneSpan 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 OneSpan's stock expected returns. We can calculate the autocorrelation of OneSpan returns to help us make a trade decision. For example, suppose you find that OneSpan 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 |
| Timeline |
OneSpan 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 OneSpan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneSpan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneSpan stock over time.
Current vs Lagged Prices |
| Timeline |
OneSpan Lagged Returns
When evaluating OneSpan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneSpan stock have on its future price. OneSpan 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, OneSpan autocorrelation shows the relationship between OneSpan stock current value and its past values and can show if there is a momentum factor associated with investing in OneSpan.
Regressed Prices |
| Timeline |
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Complementary Tools for OneSpan Stock analysis
When running OneSpan's price analysis, check to measure OneSpan'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 OneSpan is operating at the current time. Most of OneSpan's value examination focuses on studying past and present price action to predict the probability of OneSpan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OneSpan's price. Additionally, you may evaluate how the addition of OneSpan to your portfolios can decrease your overall portfolio volatility.
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OneSpan 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.