Omnicom (Germany) Price on August 8, 2024
OCN Stock | EUR 82.66 2.24 2.64% |
If you're considering investing in Omnicom Stock, it is important to understand the factors that can impact its price. As of today, the current price of Omnicom stands at 82.66, as last reported on the 26th of December, with the highest price reaching 84.90 and the lowest price hitting 82.66 during the day. Omnicom Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0787, which implies the firm had a -0.0787% return per unit of risk over the last 3 months. Omnicom Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Omnicom's Coefficient Of Variation of (1,364), risk adjusted performance of (0.05), and Variance of 3.26 to confirm the risk estimate we provide.
Omnicom Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Omnicom |
Sharpe Ratio = -0.0787
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Estimated Market Risk
1.83 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Omnicom is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Omnicom by adding Omnicom to a well-diversified portfolio.
Omnicom Valuation on August 8, 2024
It is possible to determine the worth of Omnicom on a given historical date. On August 8, 2024 Omnicom was worth 81.05 at the beginning of the trading date compared to the closed value of 82.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Omnicom stock. Still, in general, we apply an absolute valuation method to find Omnicom's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Omnicom where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Omnicom's related companies.
Open | High | Low | Close | Volume | |
82.29 | 83.26 | 82.29 | 83.26 | 1.00 | |
08/08/2024 | 81.05 | 82.55 | 81.05 | 82.55 | 1.00 |
82.90 | 83.57 | 82.90 | 83.57 | 1.00 |
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Omnicom Trading Date Momentum on August 8, 2024
On August 09 2024 Omnicom Group was traded for 83.57 at the closing time. The highest daily price throughout the period was 83.57 and the lowest price was 82.90 . There was no trading activity during the period 1.0. Lack of trading volume on 08/09/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 1.24% . The trading delta at closing time to current closing price is 3.65% . |
Omnicom Group Fundamentals Correlations and Trends
By evaluating Omnicom's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Omnicom's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Omnicom financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Omnicom Stock history
Omnicom investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Omnicom is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Omnicom Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Omnicom stock prices may prove useful in developing a viable investing in Omnicom
Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. Omnicom Group Inc. was founded in 1944 and is based in New York, New York. Omnicom operates under Advertising Agencies classification in Germany and traded on Frankfurt Stock Exchange. It employs 77300 people.
Omnicom Stock Technical Analysis
Omnicom 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.
Price Boundaries
Omnicom Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Omnicom Group cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Omnicom December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Omnicom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Omnicom shares will generate the highest return on investment. By undertsting and applying Omnicom stock market strength indicators, traders can identify Omnicom Group entry and exit signals to maximize returns
Omnicom Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Omnicom's price direction in advance. Along with the technical and fundamental analysis of Omnicom Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Omnicom to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.17) | |||
Total Risk Alpha | (0.22) | |||
Treynor Ratio | (0.17) |
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Complementary Tools for Omnicom Stock analysis
When running Omnicom's price analysis, check to measure Omnicom'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 Omnicom is operating at the current time. Most of Omnicom's value examination focuses on studying past and present price action to predict the probability of Omnicom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omnicom's price. Additionally, you may evaluate how the addition of Omnicom to your portfolios can decrease your overall portfolio volatility.
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