Omeros (Germany) Market Value
| 3O8 Stock | EUR 7.19 0.85 10.57% |
| Symbol | Omeros |
Omeros '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 Omeros' 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 Omeros.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in Omeros on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Omeros or generate 0.0% return on investment in Omeros over 360 days. Omeros is related to or competes with ELECTRONIC ARTS, NIPPON STEEL, RELIANCE STEEL, TT Electronics, ARROW ELECTRONICS, United States, and METHODE ELECTRONICS. Omeros Corporation, a biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein ther... More
Omeros 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 Omeros' 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 Omeros upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.1372 | |||
| Maximum Drawdown | 73.97 | |||
| Value At Risk | (9.28) | |||
| Potential Upside | 7.5 |
Omeros Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omeros' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omeros' standard deviation. In reality, there are many statistical measures that can use Omeros historical prices to predict the future Omeros' volatility.| Risk Adjusted Performance | 0.1158 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | 0.2247 | |||
| Sortino Ratio | 0.2687 | |||
| Treynor Ratio | 1.32 |
Omeros Backtested Returns
Omeros is risky given 3 months investment horizon. Omeros maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Omeros Coefficient Of Variation of 680.83, risk adjusted performance of 0.1158, and Semi Deviation of 4.33 to evaluate company specific risk that cannot be diversified away. Omeros holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of 1.15, which implies a somewhat significant risk relative to the market. Omeros returns are very sensitive to returns on the market. As the market goes up or down, Omeros is expected to follow. Use Omeros market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Omeros.
Auto-correlation | 0.15 |
Insignificant predictability
Omeros has insignificant predictability. Overlapping area represents the amount of predictability between Omeros time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 Omeros price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Omeros price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.0 |
Omeros lagged returns against current returns
Autocorrelation, which is Omeros 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 Omeros' stock expected returns. We can calculate the autocorrelation of Omeros returns to help us make a trade decision. For example, suppose you find that Omeros 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 |
Omeros 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 Omeros stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omeros stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omeros stock over time.
Current vs Lagged Prices |
| Timeline |
Omeros Lagged Returns
When evaluating Omeros' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omeros stock have on its future price. Omeros 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, Omeros autocorrelation shows the relationship between Omeros stock current value and its past values and can show if there is a momentum factor associated with investing in Omeros.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Omeros Stock
When determining whether Omeros is a strong investment it is important to analyze Omeros' 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 Omeros' future performance. For an informed investment choice regarding Omeros Stock, refer to the following important reports:Check out Omeros Correlation, Omeros Volatility and Omeros Alpha and Beta module to complement your research on Omeros. For more detail on how to invest in Omeros Stock please use our How to Invest in Omeros guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Omeros 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.