Outset Medical Stock Market Value
| OM Stock | USD 1.21 0.10 9.01% |
| Symbol | Outset |
Is Health Care Equipment & Supplies 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 Outset Medical. If investors know Outset 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 Outset Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.74) | Revenue Per Share 2.235 | Quarterly Revenue Growth (0.06) | Return On Assets (0.27) | Return On Equity (1.41) |
The market value of Outset Medical is measured differently than its book value, which is the value of Outset that is recorded on the company's balance sheet. Investors also form their own opinion of Outset Medical's value that differs from its market value or its book value, called intrinsic value, which is Outset Medical'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 Outset Medical's market value can be influenced by many factors that don't directly affect Outset Medical'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 Outset Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Outset Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Outset Medical'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.
Outset Medical '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 Outset Medical'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 Outset Medical.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Outset Medical on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Outset Medical or generate 0.0% return on investment in Outset Medical over 30 days. Outset Medical is related to or competes with Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, Mednax, Doximity, and Veeva Systems. Outset Medical, Inc., a medical technology company, develops a hemodialysis system for dialysis More
Outset Medical 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 Outset Medical'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 Outset Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.05 | |||
| Information Ratio | 0.1804 | |||
| Maximum Drawdown | 37.93 | |||
| Value At Risk | (8.14) | |||
| Potential Upside | 11.48 |
Outset Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outset Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outset Medical's standard deviation. In reality, there are many statistical measures that can use Outset Medical historical prices to predict the future Outset Medical's volatility.| Risk Adjusted Performance | 0.1553 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | 1.12 | |||
| Sortino Ratio | 0.2574 | |||
| Treynor Ratio | 0.8265 |
Outset Medical Backtested Returns
Outset Medical is very risky given 3 months investment horizon. Outset Medical maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use Outset Medical Risk Adjusted Performance of 0.1553, coefficient of variation of 541.07, and Semi Deviation of 4.13 to evaluate company specific risk that cannot be diversified away. Outset Medical holds a performance score of 16 on a scale of zero to a hundred. The company holds a Beta of 1.6, 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, Outset Medical will likely underperform. Use Outset Medical potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Outset Medical.
Auto-correlation | -0.61 |
Very good reverse predictability
Outset Medical has very good reverse predictability. Overlapping area represents the amount of predictability between Outset Medical time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Outset Medical price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Outset Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Outset Medical lagged returns against current returns
Autocorrelation, which is Outset Medical 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 Outset Medical's stock expected returns. We can calculate the autocorrelation of Outset Medical returns to help us make a trade decision. For example, suppose you find that Outset Medical 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 |
Outset Medical 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 Outset Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outset Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outset Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Outset Medical Lagged Returns
When evaluating Outset Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outset Medical stock have on its future price. Outset Medical 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, Outset Medical autocorrelation shows the relationship between Outset Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Outset Medical.
Regressed Prices |
| Timeline |
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Outset Medical 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.